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Highlights
- Institutional investors have significantly increased their positions in ONE Gas, Inc. (NYSE:OGS), reflecting heightened activity in the utilities sector.
- Wellington Management Group LLP and Verition Fund Management LLC have notably expanded their stakes, acquiring additional shares in recent quarters.
- Hedge funds and investment firms now collectively own a substantial portion of the company, with institutional ownership at 88.71%.
Institutional Investors Expand Holdings in ONE Gas
ONE Gas, Inc. (NYSE:OGS), a major player in the utilities sector, has seen a surge in institutional interest. Recently, KBC Group NV increased its holdings by acquiring additional shares, bringing its total stake in the company to a higher level. This move aligns with similar actions taken by other large investment firms, further strengthening institutional ownership.
Wellington Management and Verition Fund Management Increase Positions
Wellington Management Group LLP expanded its stake in ONE Gas, demonstrating a growing presence within the company's investor base. The firm now holds a considerable number of shares following a notable acquisition during the third quarter. Similarly, Verition Fund Management LLC significantly increased its position, making a substantial addition to its portfolio during the same period. These developments indicate a rising interest from financial institutions in the utilities provider.
Hedge Funds and Investment Firms Show Strong Interest
Hedge funds have played a key role in the recent changes to ONE Gas’s institutional ownership. International Assets Investment Management LLC made a notable purchase, acquiring a considerable number of shares in the third quarter. Boston Trust Walden Corp also increased its position, reflecting a steady accumulation of shares among institutional investors. The rise in ownership from these firms highlights the growing demand for utility-based assets.
Rockefeller Capital Management Expands Stake
Rockefeller Capital Management L.P. made a significant addition to its holdings in ONE Gas by acquiring more shares. This increase follows a pattern of steady accumulation from various institutional investors. The move reinforces the overall trend of heightened institutional participation in the company's stock.
Institutional Ownership Reaches Significant Levels
Currently, institutional investors and hedge funds collectively hold a dominant share of ONE Gas, with ownership reaching approximately 88.71%. This level of participation reflects sustained interest in the company’s position within the utilities sector. As financial institutions continue to adjust their positions, the overall landscape of ownership in ONE Gas remains dynamic.
