Greenland Capital Management LP Acquires Shares of 60,070 ONE Gas, Inc. $OGS

Greenland Capital Management LP bought a new stake in shares of ONE Gas, Inc. (NYSE:OGS) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 60,070 shares of the utilities provider’s stock, valued at approximately $4,630,000. Greenland Capital Management LP owned 0.10% of ONE Gas as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of OGS. Mackenzie Financial Corp raised its stake in ONE Gas by 3.4% in the third quarter. Mackenzie Financial Corp now owns 3,759 shares of the utilities provider’s stock valued at $304,000 after purchasing an additional 125 shares in the last quarter. Corient Private Wealth LLC grew its stake in ONE Gas by 3.5% during the fourth quarter. Corient Private Wealth LLC now owns 4,018 shares of the utilities provider’s stock worth $312,000 after buying an additional 135 shares in the last quarter. Parallel Advisors LLC increased its holdings in ONE Gas by 16.3% in the 4th quarter. Parallel Advisors LLC now owns 1,006 shares of the utilities provider’s stock valued at $78,000 after buying an additional 141 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of ONE Gas by 25.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 799 shares of the utilities provider’s stock valued at $62,000 after buying an additional 161 shares in the last quarter. Finally, Captrust Financial Advisors raised its position in shares of ONE Gas by 0.4% in the 4th quarter. Captrust Financial Advisors now owns 40,602 shares of the utilities provider’s stock valued at $3,137,000 after buying an additional 164 shares in the last quarter. 88.71% of the stock is owned by institutional investors and hedge funds.

ONE Gas Price Performance

Shares of OGS opened at $79.11 on Friday. ONE Gas, Inc. has a 1 year low of $74.06 and a 1 year high of $90.78. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.48 and a quick ratio of 0.37. The company has a market capitalization of $4.97 billion, a price-to-earnings ratio of 17.05, a price-to-earnings-growth ratio of 2.17 and a beta of 0.66. The business has a 50-day moving average of $78.84 and a 200-day moving average of $82.68.

ONE Gas (NYSE:OGS) last announced its earnings results on Tuesday, August 4th. The utilities provider reported $0.82 EPS for the quarter, beating the consensus estimate of $0.63 by $0.19. The business had revenue of $411.64 million for 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 firm’s revenue was down 2.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.53 earnings per share. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. As a group, equities research analysts anticipate that ONE Gas, Inc. will post 4.91 earnings per share for the current year.

ONE Gas Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 17th will be given a $0.68 dividend. The ex-dividend date is Monday, August 17th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 3.4%. ONE Gas’s payout ratio is 58.62%.

Analyst Upgrades and Downgrades

OGS has been the topic of several analyst reports. Wolfe Research started coverage on shares of ONE Gas in a research report on Tuesday, May 26th. They set a “peer perform” rating on the stock. Mizuho lowered their price objective on shares of ONE Gas from $94.00 to $89.00 and set an “outperform” rating for the company in a research report on Tuesday, June 9th. Wells Fargo & Company upgraded ONE Gas from a “strong sell” rating to an “equal weight” rating and set a $85.00 target price for the company in a research note on Thursday, August 6th. BTIG Research reaffirmed a “buy” rating and issued a $96.00 target price on shares of ONE Gas in a report on Thursday, July 23rd. Finally, Weiss Ratings lowered ONE Gas from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, July 10th. Six investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $89.23.

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.