Northwestern Mutual Wealth Management Co. Has $674,000 Position in ONE Gas, Inc. $OGS

Northwestern Mutual Wealth Management Co. boosted its position in ONE Gas, Inc. (NYSE:OGS) by 578.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,722 shares of the utilities provider’s stock after purchasing an additional 7,437 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in ONE Gas were worth $674,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Alliancebernstein L.P. lifted its stake in shares of ONE Gas by 1,393.0% in the second quarter. Alliancebernstein L.P. now owns 1,597,487 shares of the utilities provider’s stock worth $114,795,000 after acquiring an additional 1,490,492 shares during the period. Squarepoint Ops LLC lifted its stake in shares of ONE Gas by 187.1% in the second quarter. Squarepoint Ops LLC now owns 550,521 shares of the utilities provider’s stock worth $39,560,000 after acquiring an additional 358,779 shares during the period. Cubist Systematic Strategies LLC acquired a new position in shares of ONE Gas in the second quarter worth approximately $16,354,000. American Century Companies Inc. lifted its stake in shares of ONE Gas by 5.6% in the third quarter. American Century Companies Inc. now owns 3,816,387 shares of the utilities provider’s stock worth $308,899,000 after acquiring an additional 202,189 shares during the period. Finally, Energy Income Partners LLC lifted its stake in shares of ONE Gas by 22.2% in the third quarter. Energy Income Partners LLC now owns 846,247 shares of the utilities provider’s stock worth $68,495,000 after acquiring an additional 153,760 shares during the period. 88.71% of the stock is currently owned by institutional investors and hedge funds.

ONE Gas Trading Down 0.1%

NYSE OGS opened at $76.07 on Wednesday. The firm has a market capitalization of $4.77 billion, a P/E ratio of 17.17, a PEG ratio of 2.59 and a beta of 0.66. The business has a fifty day simple moving average of $84.79 and a 200 day simple moving average of $82.71. 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) last issued its quarterly earnings results on Monday, May 4th. The utilities provider reported $2.11 EPS for the quarter, missing analysts’ consensus estimates of $2.13 by ($0.02). The business had revenue of $831.71 million for the quarter, compared to analysts’ expectations of $969.36 million. ONE Gas had a net margin of 11.77% and a return on equity of 8.45%. The business’s revenue was down 11.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.99 earnings per share. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. On average, analysts predict that ONE Gas, Inc. will post 4.72 EPS for the current fiscal year.

ONE Gas Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Monday, May 18th were paid a dividend of $0.68 per share. The ex-dividend date was Monday, May 18th. This represents a $2.72 annualized dividend and a dividend yield of 3.6%. ONE Gas’s dividend payout ratio is presently 61.40%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Stifel Nicolaus boosted their price objective on ONE Gas from $88.00 to $90.00 and gave the company a “hold” rating in a research note on Tuesday, February 24th. Truist Financial dropped their price objective on ONE Gas from $99.00 to $95.00 and set a “buy” rating on the stock in a research note on Monday, May 18th. Morgan Stanley set a $82.00 price objective on ONE Gas in a research note on Thursday, May 21st. Wolfe Research started coverage on ONE Gas in a research note on Tuesday, May 26th. They issued a “peer perform” rating on the stock. Finally, Mizuho reduced their price objective on shares of ONE Gas from $94.00 to $89.00 and set an “outperform” rating for the company in a research report on Tuesday. Five equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, ONE Gas presently has an average rating of “Hold” and an average price target of $89.38.

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.