ONE Gas (OGS)

• Market cap: $4.36B
• 1 day: -0.76%
• 5 days: 0.48%
• 1 month: -1.26%
• 3 months: -2.51%
• 6 months: 5.57%
• Year to date: 6.95%
• 1 year: 12.98%
• 5 years: -3.40%
• 10 years: 68.91%
• Sector: Utilities
• Industry: Gas Utilities

About: ONE Gas Inc is a regulated natural gas utility company. It is involved in the distribution and sale of natural gas to residential, commercial, industrial, and transportation consumers through its network of pipelines and service lines. Almost all of the company's revenue is derived from natural gas sales in the states of Oklahoma, Kansas, and Texas. The company controls considerable market shares in Oklahoma and Kansas.

Employees: 3,900

Fund manager confidence

Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)

84% more first-time investments, than exits

New positions opened: 59 | Existing positions closed: 32

11% more repeat investments, than reductions

Existing positions increased: 124 | Existing positions reduced: 112

9% more capital invested

Capital invested by funds: $3.76B [Q4 2024] → $4.12B (+$358M) [Q1 2025]

6% more funds holding

Funds holding: 352 [Q4 2024] → 373 (+21) [Q1 2025]

0% more funds holding in top 10

Funds holding in top 10: 1 [Q4 2024] → 1 (+0) [Q1 2025]

4.89% less ownership

Funds ownership: 95.93% [Q4 2024] → 91.05% (-4.89%) [Q1 2025]

25% less call options, than puts

Call options by funds: $2.99M | Put options by funds: $3.99M

Research analyst outlook

3 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $71 3% downside
• Avg. target: $78 6% upside
• High target: $89 22% upside

3 analyst ratings

• positive: 1 33%
• neutral: 2 67%
• negative: 0 0%

Morgan Stanley Stephen Byrd	3% downside $71	Equal-Weight Maintained	18 Jun 2025
Guggenheim Shahriar Pourreza	0% downside $73	Neutral Maintained	7 May 2025
Wells Fargo Sarah Akers	22% upside $89	Overweight Maintained	7 May 2025