ONE Gas, Inc. $OGS Holdings Lowered by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. reduced its stake in ONE Gas, Inc. (NYSE:OGS) by 88.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,000 shares of the utilities provider’s stock after selling 7,554 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in ONE Gas were worth $77,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in OGS. Triumph Capital Management lifted its position in ONE Gas by 247.0% in the fourth quarter. Triumph Capital Management now owns 347 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 247 shares during the period. Quarry LP increased its position in shares of ONE Gas by 188.0% during the 4th quarter. Quarry LP now owns 409 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 267 shares during the period. Smartleaf Asset Management LLC increased its position in shares of ONE Gas by 85.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 441 shares of the utilities provider’s stock valued at $34,000 after purchasing an additional 203 shares during the period. Advisory Services Network LLC bought a new stake in shares of ONE Gas in the 3rd quarter worth $36,000. Finally, Caitong International Asset Management Co. Ltd raised its stake in shares of ONE Gas by 495.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 560 shares of the utilities provider’s stock worth $43,000 after buying an additional 466 shares in the last quarter. 88.71% of the stock is currently owned by institutional investors.

ONE Gas Trading Up 1.2%

Shares of NYSE OGS opened at $80.82 on Wednesday. The company has a quick ratio of 0.37, a current ratio of 0.48 and a debt-to-equity ratio of 0.66. ONE Gas, Inc. has a 12 month low of $74.06 and a 12 month high of $90.78. The company has a market cap of $5.08 billion, a price-to-earnings ratio of 17.42, a P/E/G ratio of 2.20 and a beta of 0.67. The business has a fifty day simple moving average of $79.47 and a 200-day simple moving average of $82.42.

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

ONE Gas Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Monday, August 17th were given a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 3.4%. The ex-dividend date was Monday, August 17th. ONE Gas’s dividend payout ratio is 58.62%.

Analysts Set New Price Targets

Several brokerages recently weighed in on OGS. BTIG Research reaffirmed a “buy” rating and set a $96.00 target price on shares of ONE Gas in a research note on Thursday, July 23rd. Weiss Ratings cut shares of ONE Gas from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, July 10th. Wolfe Research started coverage on shares of ONE Gas in a report on Tuesday, May 26th. They issued a “peer perform” rating for the company. Capital One Financial set a $93.00 price objective on shares of ONE Gas in a research note on Friday, June 12th. Finally, Wells Fargo & Company upgraded shares of ONE Gas from a “strong sell” rating to an “equal weight” rating and set a $85.00 target price on the stock in a report on Thursday, August 6th. Six equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, ONE Gas currently has an average rating of “Moderate Buy” and an average target price of $89.23.

About ONE Gas

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.