ONE Gas, Inc. $OGS Shares Acquired by Greenland Capital Management LP

Key Points

• Greenland Capital Management increased its ONE Gas stake by 253.4% in the second quarter, acquiring 43,074 additional shares and ending with a position worth approximately $4.63 million. Institutional investors and hedge funds collectively own 88.71% of the company.
• Analyst sentiment is moderately positive: six analysts rate ONE Gas a Buy and six rate it a Hold, producing an average “Moderate Buy” rating and an average price target of $89.23.
• ONE Gas exceeded quarterly earnings expectations, reporting $0.82 in EPS versus the $0.63 consensus estimate, while revenue edged above forecasts but declined 2.8% year over year. The company also maintains a quarterly dividend of $0.68, equal to a 3.4% annualized yield.

Greenland Capital Management LP increased its position in shares of ONE Gas, Inc. (NYSE:OGS - Free Report) by 253.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 60,070 shares of the utilities provider's stock after buying an additional 43,074 shares during the quarter. Greenland Capital Management LP owned about 0.10% of ONE Gas worth $4,630,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in OGS. Triumph Capital Management grew its position in ONE Gas by 247.0% in the fourth quarter. Triumph Capital Management now owns 347 shares of the utilities provider's stock worth $27,000 after acquiring an additional 247 shares during the period. Quarry LP raised its position in ONE Gas by 188.0% in the fourth quarter. Quarry LP now owns 409 shares of the utilities provider's stock valued at $32,000 after purchasing an additional 267 shares during the period. Smartleaf Asset Management LLC raised its position in ONE Gas by 85.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 441 shares of the utilities provider's stock valued at $34,000 after purchasing an additional 203 shares during the period. Advisory Services Network LLC acquired a new position in shares of ONE Gas in the 3rd quarter valued at $36,000. Finally, Caitong International Asset Management Co. Ltd lifted its stake in shares of ONE Gas by 495.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 560 shares of the utilities provider's stock valued at $43,000 after purchasing an additional 466 shares during the last quarter. 88.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

OGS has been the subject of a number of recent analyst reports. Wall Street Zen raised ONE Gas from a "sell" rating to a "hold" rating in a research report on Saturday, August 8th. LADENBURG THALM/SH SH raised shares of ONE Gas from a "neutral" rating to a "buy" rating and set a $85.50 target price on the stock in a research report on Thursday, August 13th. Weiss Ratings lowered shares of ONE Gas from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Friday, July 10th. Wells Fargo & Company upgraded shares of ONE Gas from a "strong sell" rating to an "equal weight" rating and set a $85.00 price target for the company in a research report on Thursday, August 6th. Finally, Wolfe Research initiated coverage on shares of ONE Gas in a research note on Tuesday, May 26th. They issued a "peer perform" rating on the stock. Six equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $89.23.

ONE Gas Trading Down 0.0%

OGS opened at $79.84 on Monday. ONE Gas, Inc. has a 52 week low of $74.06 and a 52 week high of $90.78. The business has a fifty day simple moving average of $79.37 and a 200-day simple moving average of $82.48. The firm has a market cap of $5.02 billion, a P/E ratio of 17.21, a P/E/G ratio of 2.20 and a beta of 0.67. The company has a quick ratio of 0.37, a current ratio of 0.48 and a debt-to-equity ratio of 0.66.

ONE Gas (NYSE:OGS - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The utilities provider reported $0.82 earnings per share for the quarter, beating analysts' consensus estimates of $0.63 by $0.19. The business had revenue of $411.64 million during the quarter, compared to analysts' expectations of $410.29 million. ONE Gas had a return on equity of 8.81% and a net margin of 12.47%.The company's revenue was down 2.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.53 earnings per share. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. On average, equities analysts expect that ONE Gas, Inc. will post 4.91 earnings per share for the current year.

ONE Gas Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Monday, August 17th were given a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend was Monday, August 17th. ONE Gas's payout ratio is currently 58.62%.

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.

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