Exploring ONE Gas, Inc. (OGS) Investor Profile: Who’s Buying and Why?

Ever wondered who really owns ONE Gas, Inc. (OGS) and what drives their investment decisions? Are you curious about the major players influencing this natural gas distribution giant, which serves over 2.3 million customers across Oklahoma, Kansas, and Texas? In 2024, the company reported a net income of $222.9 million, or $3.91 per diluted share. With institutional ownership at 90.75% and key financial metrics like a dividend yield (forward) of 3.46%, understanding the investor profile can provide critical insights. Let's delve into the details of OGS's investor landscape and uncover the 'who' and 'why' behind their investments.

ONE Gas, Inc. (OGS) Who Invests in ONE Gas, Inc. (OGS) and Why?

Understanding the investor profile of ONE Gas, Inc. (OGS) involves examining the various types of investors, their motivations, and the strategies they employ. This provides valuable insights into the market sentiment and the factors influencing the stock's performance. Mission Statement, Vision, & Core Values of ONE Gas, Inc. (OGS).

Key Investor Types:

ONE Gas, Inc. has a diverse investor base, which can be broadly categorized into retail investors, institutional investors, and hedge funds.

• Retail Investors: These are individual investors who buy and sell shares for their own accounts. While the exact percentage of retail ownership can fluctuate, they represent a notable portion of ONE Gas's shareholders.
• Institutional Investors: These include mutual funds, pension funds, insurance companies, and other large financial entities that invest on behalf of their clients. Institutional investors hold a significant percentage of ONE Gas's outstanding shares. As of recent filings, 757 institutional owners and shareholders have filed 13D/G or 13F forms with the Securities Exchange Commission (SEC), holding a total of 69,559,615 shares.
• Hedge Funds: These are investment partnerships that use various strategies to generate returns for their investors. Hedge funds also hold ONE Gas, Inc. stocks and currently, ONE Gas, Inc.'s stocks are a part of 283 hedge funds' portfolios, which represents 76.13% of the total amount of its stocks outstanding.

Investment Motivations:

Several factors attract investors to ONE Gas, Inc., including growth prospects, dividends, and market position.

• Growth Prospects: ONE Gas operates in the regulated natural gas distribution industry, providing essential services to over 2.3 million customers in Oklahoma, Kansas, and Texas. The company benefits from a stable and predictable revenue stream due to its regulated business model. The company's strategic plan supports long runway of growth opportunities and investments in system reinforcements.
• Dividends: ONE Gas has a consistent history of paying dividends, making it attractive to income-seeking investors. The company aims for an average annual dividend growth of 1% to 2% through 2028, with a target dividend payout ratio of approximately 55% to 65% of net income, subject to its board of directors' approval. The board of directors of ONE Gas, Inc. declared a quarterly dividend of 66 cents per share of common stock, payable Aug. 30, 2024, to shareholders of record at the close of business Aug. 14, 2024. The company increased the dividend for the first quarter 2025 by 1 cent to $0.67 per share ($2.68 annualized), payable March 7, 2025, to shareholders of record at the close of business Feb. 21, 2025. The annual dividend is $2.68 per share, with a yield of 3.46%. The dividend is paid every three months and the last ex-dividend date was Feb 21, 2025.
• Market Position: ONE Gas is one of the largest natural gas utilities in the United States and is included in the S&P MidCap 400 Index. Its divisions include Kansas Gas Service, the largest natural gas distributor in Kansas; Oklahoma Natural Gas, the largest in Oklahoma; and Texas Gas Service, the third largest in Texas, in terms of customers. The company controls considerable market shares in Oklahoma and Kansas.

Investment Strategies:

Investors in ONE Gas, Inc. employ various strategies, including long-term holding, short-term trading, and value investing.

• Long-Term Holding: Many institutional investors adopt a long-term holding strategy, driven by the stability and predictability of ONE Gas's earnings and dividends. These investors often reinvest dividends and hold the stock for several years, benefiting from the steady income stream and potential capital appreciation.
• Short-Term Trading: Some investors, particularly hedge funds and other active traders, may engage in short-term trading strategies to capitalize on short-term price fluctuations. These strategies can involve technical analysis, options trading, and other sophisticated techniques.
• Value Investing: Value investors are attracted to ONE Gas due to its consistent profitability and strong financial position. These investors believe the stock is undervalued by the market and has the potential for long-term growth.

Major Shareholders

The top institutional shareholders of ONE Gas, Inc. include:

These major shareholders often influence the company's decisions through their voting rights and engagement with management.

ONE Gas has an Investment Rating of HOLD; a target price of $76.000000; an Industry Subrating of High; a Management Subrating of Medium; a Safety Subrating of Medium; a Financial Strength Subrating of Medium; a Growth Subrating of Medium; and a Value Subrating of Low.

As of Apr 21, 2025, the company has 3.9 K employees.

Today ONE Gas, Inc. has the market capitalization of ‪4.64 B‬, it has increased by 4.42% over the last week.

ONE Gas, Inc. dividend yield was 3.81% in 2024, and payout ratio reached 67.56%. The year before the numbers were 4.08% and 62.81% correspondingly.

ONE Gas's payout ratio of 67.6% is above the Utilities sector, the industry and its peers average. Compared to its Utilities sector average of 63.6%, ONE Gas's payout ratio is 6% higher.

ONE Gas exceeded EPS expectations for the 11th consecutive year.

Full year 2024 net income was $222.9 million, or $3.91 per diluted share, compared with $231.2 million, or $4.14 per diluted share, last year.

ONE Gas reported operating income of $124.3 million in the fourth quarter, compared with $107.1 million in the fourth quarter 2023, which primarily reflects:

• an increase of $24.6 million from new rates;
• an increase of $1.2 million in residential sales due primarily to net customer growth in Oklahoma and Texas; and
• an increase of $7.9 million in gas sales-related revenues.

On Dec. 4, 2024, ONE Gas announced that its 2025 net income is expected to be in the range of $254 million to $261 million, with earnings per diluted share of $4.20 to $4.32. Capital investments, including asset removal costs, are expected to be approximately $750 million in 2025, primarily targeted for system integrity and replacement projects. Capital investments for extensions to new customers are expected to be approximately $180 million.

In December, the Company settled 3,160,465 million shares of our common stock under our at-the-market equity program and forward contracts for net proceeds of $245.7 million.

In February 2025, Texas Gas Service made Gas Reliability Infrastructure Program filings for all customers in the Central-Gulf service area, requesting a $15.4 million increase to be effective in June 2025.

The current price of OGS is 76.52 USD — it has increased by 0.74% in the past 24 hours. OGS stock has risen by 6.97% compared to the previous week, the month change is a 3.96% rise, over the last year ONE Gas, Inc. has showed a 23.04% increase.

ONE Gas, Inc. (NYSE: OGS) is a 100-percent regulated natural gas utility, and trades on the New York Stock Exchange under the symbol 'OGS.' ONE Gas is included in the S&P MidCap 400 Index and is one of the largest natural gas utilities in the United States. Headquartered in Tulsa, Oklahoma, ONE Gas provides a reliable and affordable energy choice to more than 2.3 million customers in Kansas, Oklahoma and Texas.

In the next quarter, revenue is expected to reach ‪882.31 M‬ USD. OGS net income for the last quarter is ‪77.02 M‬ USD, while the quarter before that showed ‪19.27 M‬ USD of net income which accounts for 299.74% change.

The last dividend per share was 0.67 USD. As of today, Dividend Yield (TTM)% is 3.42%.

ONE Gas's weekly volatility (3%) has been stable over the past 3 months compared to the US market.

ONE Gas, Inc. (OGS) Institutional Ownership and Major Shareholders of ONE Gas, Inc. (OGS)

Institutional ownership in ONE Gas, Inc. (OGS) provides insights into the stability and investor confidence in the company. Large institutional investors often have significant influence on a company's stock price and strategic decisions.

Here are some of the top institutional investors in ONE Gas, Inc. (OGS) based on recent data:

• BlackRock Fund Advisors: As of March 31, 2024, BlackRock Fund Advisors held 2,448,446 shares of OGS, representing 4.17% ownership.
• Vanguard Index Funds: According to the data from March 31, 2024, Vanguard Index Funds owned 2,428,287 shares, accounting for approximately 4.13% of the company.
• Capital Research & Management Co.: Data from March 31, 2024, shows that Capital Research & Management Co. possesses 1,922,232 shares, which translates to about 3.27% ownership.
• State Street Global Advisors (US): As of March 31, 2024, State Street Global Advisors (US) held 1,342,623 shares, representing roughly 2.28% of OGS.
• Geode Capital Management LLC: Geode Capital Management LLC held 750,226 shares, as reported on March 31, 2024, accounting for approximately 1.28% ownership.

Changes in institutional ownership can signal shifts in sentiment towards ONE Gas, Inc. (OGS). Increases in holdings may indicate a positive outlook, while decreases could suggest concerns about the company's future performance.

Recent changes in ownership include:

• Norges Bank: Increased its stake by 13.5% in the fourth quarter of 2023. They now own 77,303 shares valued at $5,689,000.
• Allianz Asset Management GmbH: Increased its holdings by 18.4% in the fourth quarter of 2023, now holding 29,267 shares valued at $2,152,000.
• Victory Capital Management: Boosted its stake by 3.5% during the same period, owning 70,703 shares worth $5,202,000.
• Quantinno Capital Management LP: Increased its position by 44.4% in the third quarter of 2023, holding 6,529 shares valued at $469,000.
• Dimensional Fund Advisors LP: Decreased its holdings by 2.2% in the fourth quarter of 2023, with 718,764 shares valued at $52,861,000.

The actions of large institutional investors can have a notable impact on ONE Gas, Inc. (OGS)'s stock price and strategic direction. Their investment decisions can influence market perception and investor confidence.

Institutional investors play a crucial role through:

• Price Stability: Large stakes can reduce volatility.
• Strategic Influence: Engagement with management on key decisions.
• Market Confidence: Their actions can signal confidence (or lack thereof) to the broader market.

Here’s a table summarizing the institutional ownership of ONE Gas, Inc. (OGS):

Understanding the dynamics of institutional ownership can provide valuable insights for investors looking at ONE Gas, Inc. (OGS). Analyzing who the major shareholders are and how their positions have changed over time can offer clues about the company's potential future performance and market sentiment.

For further insights into ONE Gas, Inc. (OGS)'s financial health, consider exploring: Breaking Down ONE Gas, Inc. (OGS) Financial Health: Key Insights for Investors.

ONE Gas, Inc. (OGS) Key Investors and Their Impact on ONE Gas, Inc. (OGS)

Understanding the investor profile of ONE Gas, Inc. (OGS) provides valuable insights into the stability, strategic direction, and potential future performance of the company. Key investors can significantly influence company decisions and stock movements through their holdings and actions.

While specific, real-time data on all individual investors might not be publicly available, institutional investors' holdings are often disclosed in regulatory filings. These filings provide a snapshot of who the major players are and how their investment strategies align with the company’s goals.

Institutional investors are entities that pool money to purchase securities, real property, and other investment assets. These can include pension funds, insurance companies, mutual funds, hedge funds, and endowments. Their actions can have a significant impact on stock prices due to the large volumes of shares they trade.

Here are some ways key investors can influence ONE Gas, Inc. (OGS):

• Strategic Direction: Large shareholders can influence the company's strategic decisions, such as mergers, acquisitions, and major capital expenditures.
• Corporate Governance: They can propose changes to the board of directors or influence executive compensation.
• Stock Performance: Significant buying or selling activity can affect the stock price, impacting market sentiment and valuation.
• Activism: Some investors may take an activist approach, publicly advocating for changes they believe will increase shareholder value.

Recent moves by major investors, such as increasing or decreasing their stakes, can signal confidence or concern about the company's prospects. Monitoring these activities can provide insights into the potential future direction of the stock.

To gain a comprehensive understanding of ONE Gas, Inc. (OGS), it's also helpful to look at its history, mission, ownership structure, and how it operates and generates revenue. More information can be found here: ONE Gas, Inc. (OGS): History, Ownership, Mission, How It Works & Makes Money.

ONE Gas, Inc. (OGS) Market Impact and Investor Sentiment

Understanding the investor profile and sentiment surrounding ONE Gas, Inc. (OGS) is crucial for assessing the company's market dynamics and future prospects. Examining major shareholders, market reactions, and analyst perspectives provides a comprehensive view of the forces shaping OGS's valuation and strategic direction.

Investor Sentiment: Based on recent data, institutional investors show significant interest in ONE Gas, Inc. (OGS). As of December 31, 2023, institutional investors held 84.80% of the company's outstanding shares. The top shareholders include Vanguard Group Inc. with 4,981,988 shares, BlackRock Inc. with 4,474,406 shares, and State Street Corp with 2,396,484 shares. Other notable holders include Capital World Investors and Geode Capital Management, LLC. This concentration of ownership among large institutional players suggests a generally positive or neutral sentiment, as these firms typically conduct thorough due diligence before making substantial investments. However, shifts in their holdings can signal evolving perspectives on the company's performance and outlook.

Recent Market Reactions: Monitoring stock market reactions to changes in ownership or large investor moves provides insights into market sentiment. Significant increases or decreases in institutional holdings often correlate with stock price movements. For instance, if a major investor like Vanguard or BlackRock significantly reduces its stake, it could lead to a negative market reaction, potentially driving the stock price down. Conversely, a substantial increase in their positions might signal confidence in the company's future, leading to a positive market reaction. Recent Form 4 filings can provide a detailed view of insider transactions, offering clues about executive sentiment and potential strategic shifts. These transactions, when aggregated, can offer a timely view of how those closest to the company feel about its prospects.

Analyst Perspectives: Financial analysts offer valuable insights into the impact of key investors on ONE Gas, Inc.'s future. Analyst ratings, price targets, and commentary can influence investor sentiment and market perception. For example, an analyst might highlight that the strong institutional ownership provides stability and reduces volatility, or they might express concerns about potential risks associated with the company's regulatory environment or operational challenges. Keeping abreast of analyst reports and ratings is essential for understanding the broader market view of OGS and the potential implications of investor behavior. As of April 2025, several analysts have provided ratings and price targets for OGS, reflecting a range of perspectives on the company's valuation and growth potential.

For further insights into the financial health of ONE Gas, Inc. (OGS), consider exploring: Breaking Down ONE Gas, Inc. (OGS) Financial Health: Key Insights for Investors

The following table summarizes the ownership structure of ONE Gas, Inc. (OGS) based on the most recent data:

Key considerations regarding investor sentiment and market impact include:

• Institutional Ownership: High institutional ownership generally indicates confidence in the company's long-term prospects but can also lead to increased volatility if these institutions decide to change their positions.
• Market Sensitivity: OGS's stock price may be sensitive to changes in interest rates, regulatory decisions, and commodity prices, all of which can influence investor sentiment.
• Analyst Ratings: Monitoring analyst ratings and price targets provides insight into how the broader investment community views OGS's potential.