ONE Gas, Inc. $OGS Stock Position Boosted by Greenland Capital Management LP

Greenland Capital Management LP lifted its stake in shares of ONE Gas, Inc. (NYSE:OGS) by 85.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 75,090 shares of the utilities provider’s stock after acquiring an additional 34,610 shares during the quarter. Greenland Capital Management LP owned about 0.13% of ONE Gas worth $6,078,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of OGS. Capital Advisors Inc. OK grew its stake in shares of ONE Gas by 7.1% in the 3rd quarter. Capital Advisors Inc. OK now owns 2,998 shares of the utilities provider’s stock worth $243,000 after purchasing an additional 200 shares during the last quarter. Cadent Capital Advisors LLC boosted its stake in shares of ONE Gas by 1.4% during the 3rd quarter. Cadent Capital Advisors LLC now owns 15,150 shares of the utilities provider’s stock worth $1,226,000 after acquiring an additional 203 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of ONE Gas by 23.8% during the third quarter. GAMMA Investing LLC now owns 1,813 shares of the utilities provider’s stock valued at $147,000 after purchasing an additional 349 shares during the last quarter. Farther Finance Advisors LLC increased its stake in ONE Gas by 34.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,457 shares of the utilities provider’s stock worth $118,000 after purchasing an additional 377 shares in the last quarter. Finally, Caldwell Trust Co acquired a new stake in ONE Gas during the 2nd quarter worth about $33,000. Institutional investors and hedge funds own 88.71% of the company’s stock.

Wall Street Analysts Forecast Growth

OGS has been the subject of several research analyst reports. Bank of America upped their price target on shares of ONE Gas from $90.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday, December 4th. Mizuho lifted their price target on ONE Gas from $87.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, December 3rd. UBS Group reduced their price objective on ONE Gas from $86.00 to $83.00 and set a “neutral” rating for the company in a research note on Wednesday, December 17th. Weiss Ratings cut shares of ONE Gas from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 5th. Finally, Morgan Stanley set a $79.00 target price on shares of ONE Gas in a research note on Friday. Four investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $86.43.

ONE Gas Stock Performance

OGS stock opened at $86.26 on Tuesday. The firm has a 50 day moving average of $79.75 and a two-hundred day moving average of $79.24. ONE Gas, Inc. has a 12 month low of $69.75 and a 12 month high of $86.79. The company has a market capitalization of $5.41 billion, a price-to-earnings ratio of 19.74, a P/E/G ratio of 2.23 and a beta of 0.81. The company has a quick ratio of 0.48, a current ratio of 0.60 and a debt-to-equity ratio of 0.68.

ONE Gas (NYSE:OGS) last issued its quarterly earnings data on Wednesday, February 18th. The utilities provider reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.06. ONE Gas had a net margin of 10.89% and a return on equity of 8.24%. The firm had revenue of $689.37 million during the quarter, compared to analysts’ expectations of $990.44 million. During the same period in the prior year, the company 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. As a group, equities analysts anticipate that ONE Gas, Inc. will post 4.26 EPS for the current fiscal year.

ONE Gas Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 6th. Shareholders of record on Friday, February 20th will be issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 3.2%. This is a boost from ONE Gas’s previous quarterly dividend of $0.67. The ex-dividend date is Friday, February 20th. ONE Gas’s dividend payout ratio is 62.24%.

About ONE Gas

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.