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

Northwestern Mutual Wealth Management Co. lowered its position in shares of ONE Gas, Inc. (NYSE:OGS) by 88.3% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,000 shares of the utilities provider’s stock after selling 7,554 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in ONE Gas were worth $77,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Hennessy Advisors Inc. raised its position in shares of ONE Gas by 9.3% during the 2nd quarter. Hennessy Advisors Inc. now owns 83,175 shares of the utilities provider’s stock valued at $6,410,000 after acquiring an additional 7,100 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in ONE Gas by 3.4% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 196,427 shares of the utilities provider’s stock worth $15,139,000 after purchasing an additional 6,534 shares during the period. Van ECK Associates Corp boosted its holdings in ONE Gas by 10.0% in the second quarter. Van ECK Associates Corp now owns 26,524 shares of the utilities provider’s stock worth $2,044,000 after purchasing an additional 2,421 shares during the period. United Capital Financial Advisors LLC bought a new stake in ONE Gas during the second quarter valued at $271,000. Finally, Public Employees Retirement System of Ohio bought a new stake in ONE Gas during the second quarter valued at $89,000. 88.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on OGS shares. Wells Fargo & Company upgraded shares of ONE Gas from a “strong sell” rating to an “equal weight” rating and set a $85.00 price target on the stock in a research report on Thursday, August 6th. Wall Street Zen upgraded shares of ONE Gas from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Weiss Ratings cut shares of ONE Gas from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, July 10th. Capital One Financial set a $93.00 target price on ONE Gas in a research note on Friday, June 12th. Finally, Morgan Stanley lowered their target price on ONE Gas from $86.00 to $82.00 and set an “equal weight” rating for the company in a report on Friday, August 21st. Six investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $89.23.

ONE Gas Price Performance

Shares of NYSE:OGS opened at $80.82 on Wednesday. The firm’s 50 day moving average is $79.47 and its two-hundred day moving average is $82.42. The firm has a market capitalization of $5.08 billion, a P/E ratio of 17.42, a PEG ratio of 2.20 and a beta of 0.67. The company has a current ratio of 0.48, a quick ratio of 0.37 and a debt-to-equity ratio of 0.66. ONE Gas, Inc. has a 52 week low of $74.06 and a 52 week high of $90.78.

ONE Gas (NYSE:OGS) last issued 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 business had revenue of $411.64 million during the quarter, compared to the consensus estimate of $410.29 million. During the same period in the previous year, the firm posted $0.53 earnings per share. The business’s revenue was down 2.8% on a year-over-year basis. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. Analysts anticipate that ONE Gas, Inc. will post 4.91 earnings per share for the current year.

ONE Gas Announces Dividend

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

ONE Gas Company Profile

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.