Hudson Bay Capital Management LP Invests $1.63 Million in ONE Gas, Inc. $OGS

Hudson Bay Capital Management LP bought a new position in ONE Gas, Inc. (NYSE:OGS) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 20,119 shares of the utilities provider’s stock, valued at approximately $1,628,000.

A number of other institutional investors have also recently added to or reduced their stakes in OGS. Caldwell Trust Co purchased a new position in shares of ONE Gas in the 2nd quarter worth about $33,000. Advisory Services Network LLC acquired a new stake in ONE Gas during the 3rd quarter worth approximately $36,000. Daiwa Securities Group Inc. acquired a new stake in ONE Gas during the 2nd quarter worth approximately $50,000. CIBC Private Wealth Group LLC raised its holdings in ONE Gas by 126.0% in the third quarter. CIBC Private Wealth Group LLC now owns 1,252 shares of the utilities provider’s stock valued at $101,000 after buying an additional 698 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in ONE Gas by 28.5% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 1,285 shares of the utilities provider’s stock valued at $104,000 after buying an additional 285 shares during the period. Hedge funds and other institutional investors own 88.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on OGS. Bank of America increased their price objective on shares of ONE Gas from $90.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, December 4th. Morgan Stanley set a $79.00 price target on shares of ONE Gas in a research report on Friday, February 20th. Stifel Nicolaus increased their price target on ONE Gas from $88.00 to $90.00 and gave the company a “hold” rating in a report on Tuesday, February 24th. Weiss Ratings lowered ONE Gas from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 5th. Finally, Mizuho boosted their price objective on ONE Gas from $87.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 3rd. Four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $86.88.

ONE Gas Price Performance

OGS opened at $83.80 on Monday. ONE Gas, Inc. has a twelve month low of $69.75 and a twelve month high of $88.03. The firm has a market cap of $5.25 billion, a price-to-earnings ratio of 19.18, a PEG ratio of 2.18 and a beta of 0.80. The company has a current ratio of 0.60, a quick ratio of 0.48 and a debt-to-equity ratio of 0.68. The company has a fifty day simple moving average of $83.16 and a 200 day simple moving average of $80.70.

ONE Gas (NYSE:OGS) last issued its quarterly earnings results on Wednesday, February 18th. The utilities provider reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.06. ONE Gas had a return on equity of 8.24% and a net margin of 10.89%.The firm had revenue of $689.37 million during the quarter, compared to the consensus estimate of $990.44 million. During the same quarter in the prior year, the business posted $1.34 earnings per share. ONE Gas’s revenue for the quarter was up 9.3% on a year-over-year basis. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. Equities research analysts expect that ONE Gas, Inc. will post 4.26 EPS for the current fiscal year.

ONE Gas Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 6th. Shareholders of record on Friday, February 20th were paid a dividend of $0.68 per share. This is a positive change from ONE Gas’s previous quarterly dividend of $0.67. The ex-dividend date was Friday, February 20th. This represents a $2.72 dividend on an annualized basis and a yield of 3.2%. ONE Gas’s payout ratio is currently 62.24%.

Insiders Place Their Bets

In other ONE Gas news, insider Brian F. Brumfield sold 1,000 shares of the firm’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $86.44, for a total transaction of $86,440.00. Following the completion of the transaction, the insider directly owned 2,246 shares of the company’s stock, valued at $194,144.24. This trade represents a 30.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.38% of the stock is currently owned by corporate insiders.

ONE Gas Profile

ONE Gas, Inc is a publicly traded natural gas utility company focused on the regulated distribution of natural gas to residential, commercial and industrial customers. Headquartered in Tulsa, Oklahoma, the company owns and operates an integrated system of transmission and distribution pipelines, storage facilities and compressor stations designed to deliver safe, reliable energy to end users. Its operations are governed by state utility commissions, which set rates and service standards in the markets the company serves.

The company’s service territory spans three states: Oklahoma, Kansas and the Texas Panhandle.