Norges Bank Acquires New Stake in ONE Gas, Inc. $OGS

Posted by Geri Gentry on Jun 7th, 2026

Norges Bank acquired a new stake in ONE Gas, Inc. (NYSE:OGS – Free Report) during the fourth quarter, HoldingsChannel reports. The fund acquired 916,079 shares of the utilities provider’s stock, valued at approximately $70,767,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of ONE Gas by 578.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 8,722 shares of the utilities provider’s stock valued at $674,000 after acquiring an additional 7,437 shares in the last quarter. Intech Investment Management LLC raised its stake in shares of ONE Gas by 12.6% during the 4th quarter. Intech Investment Management LLC now owns 30,414 shares of the utilities provider’s stock worth $2,349,000 after buying an additional 3,414 shares in the last quarter. Hantz Financial Services Inc. raised its stake in shares of ONE Gas by 108.6% during the 4th quarter. Hantz Financial Services Inc. now owns 3,169 shares of the utilities provider’s stock worth $245,000 after buying an additional 1,650 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of ONE Gas by 25.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 799 shares of the utilities provider’s stock worth $62,000 after buying an additional 161 shares in the last quarter. Finally, Global Retirement Partners LLC raised its stake in shares of ONE Gas by 880.3% during the 4th quarter. Global Retirement Partners LLC now owns 2,039 shares of the utilities provider’s stock worth $158,000 after buying an additional 1,831 shares in the last quarter. Hedge funds and other institutional investors own 88.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on OGS. Wolfe Research began coverage on ONE Gas in a research note on Tuesday, May 26th. They set a “peer perform” rating for the company. Wall Street Zen downgraded ONE Gas from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Truist Financial cut their target price on ONE Gas from $99.00 to $95.00 and set a “buy” rating for the company in a research note on Monday, May 18th. Wells Fargo & Company began coverage on ONE Gas in a research note on Monday, May 11th. They set an “underweight” rating and a $85.00 target price for the company. Finally, Stifel Nicolaus increased their target price on ONE Gas from $88.00 to $90.00 and gave the stock a “hold” rating in a research note on Tuesday, February 24th. Five analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, ONE Gas presently has a consensus rating of “Hold” and an average target price of $89.50.

Check Out Our Latest Analysis on OGS

ONE Gas Stock Performance

Shares of OGS stock opened at $78.41 on Friday. The company has a market cap of $4.92 billion, a price-to-earnings ratio of 17.70, a price-to-earnings-growth ratio of 2.66 and a beta of 0.66. The stock has a 50 day simple moving average of $85.16 and a 200-day simple moving average of $82.76. ONE Gas, Inc. has a 12-month low of $70.87 and a 12-month high of $90.78. The company has a current ratio of 0.57, a quick ratio of 0.48 and a debt-to-equity ratio of 0.66.

ONE Gas (NYSE:OGS – Get Free Report) last released its quarterly earnings data on Monday, May 4th. The utilities provider reported $2.11 earnings per share for the quarter, missing the consensus estimate of $2.13 by ($0.02). ONE Gas had a net margin of 11.77% and a return on equity of 8.45%. The firm had revenue of $831.71 million during the quarter, compared to analysts’ expectations of $969.36 million. During the same period in the previous year, the business earned $1.99 earnings per share. The business’s revenue for the quarter was down 11.1% on a year-over-year basis. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. On average, equities analysts forecast that ONE Gas, Inc. will post 4.72 EPS for the current year.

ONE Gas Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Monday, May 18th were paid a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Monday, May 18th. ONE Gas’s dividend payout ratio (DPR) is presently 61.40%.

ONE Gas Profile

(Free Report)

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.