Greenland Capital Management LP Takes $4.63 Million Position in ONE Gas, Inc. $OGS

Greenland Capital Management LP bought a new stake in shares of ONE Gas, Inc. (NYSE:OGS) during the 2nd quarter, according to the company in its most recent 13F 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.

Other large investors have also added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in ONE Gas in the second quarter worth approximately $701,266,000. Energy Income Partners LLC bought a new position in shares of ONE Gas during the 2nd quarter worth approximately $135,948,000. Alliancebernstein L.P. grew its position in shares of ONE Gas by 1,393.0% during the 2nd quarter. Alliancebernstein L.P. now owns 1,597,487 shares of the utilities provider’s stock worth $114,795,000 after buying an additional 1,490,492 shares during the period. Norges Bank acquired a new stake in shares of ONE Gas during the 4th quarter worth approximately $70,767,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of ONE Gas in the 2nd quarter valued at $56,308,000. Institutional investors and hedge funds own 88.71% of the company’s stock.

ONE Gas Stock Performance

OGS stock opened at $79.11 on Friday. The company has a quick ratio of 0.37, a current ratio of 0.48 and a debt-to-equity ratio of 0.66. The firm has a market cap of $4.97 billion, a PE ratio of 17.05, a P/E/G 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, Inc. has a 12-month low of $74.06 and a 12-month high of $90.78.

ONE Gas (NYSE:OGS) last issued its quarterly earnings results on Tuesday, August 4th. The utilities provider reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.19. The business had revenue of $411.64 million for the quarter, compared to analyst estimates of $410.29 million. ONE Gas had a return on equity of 8.81% and a net margin of 12.47%.ONE Gas’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same period last year, the company posted $0.53 earnings per share. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. As a group, sell-side analysts expect that ONE Gas, Inc. will post 4.91 earnings per share for the current year.

ONE Gas Dividend Announcement

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

Wall Street Analysts Forecast Growth

OGS has been the topic of a number of research reports. Mizuho dropped their target price on shares of ONE Gas from $94.00 to $89.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 9th. Wolfe Research assumed coverage on shares of ONE Gas in a research note on Tuesday, May 26th. They issued a “peer perform” rating for the company. Truist Financial dropped their price objective on shares of ONE Gas from $89.00 to $87.00 and set a “buy” rating on the stock in a report on Thursday, August 13th. Capital One Financial set a $93.00 price objective on shares of ONE Gas in a research report on Friday, June 12th. Finally, 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. Six analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $89.23.

ONE Gas Company 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.