Northwestern Mutual Wealth Management Co. Purchases 7,437 Shares of ONE Gas, Inc. $OGS

Northwestern Mutual Wealth Management Co. raised its holdings in shares of ONE Gas, Inc. (NYSE:OGS) by 578.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,722 shares of the utilities provider’s stock after buying an additional 7,437 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in ONE Gas were worth $674,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. V Square Quantitative Management LLC purchased a new stake in ONE Gas in the fourth quarter valued at approximately $25,000. Garner Asset Management Corp purchased a new stake in ONE Gas in the fourth quarter valued at approximately $29,000. Torren Management LLC purchased a new stake in ONE Gas in the fourth quarter valued at approximately $31,000. American National Bank & Trust purchased a new stake in ONE Gas in the fourth quarter valued at approximately $33,000. Finally, Advisory Services Network LLC purchased a new stake in ONE Gas in the third quarter valued at approximately $36,000. 88.71% of the stock is currently owned by hedge funds and other institutional investors.

ONE Gas Price Performance

Shares of OGS stock opened at $76.07 on Wednesday. The business’s 50 day moving average price is $84.79 and its 200-day moving average price is $82.71. ONE Gas, Inc. has a fifty-two week low of $70.87 and a fifty-two week high of $90.78. The firm has a market cap of $4.77 billion, a P/E ratio of 17.17, a P/E/G ratio of 2.59 and a beta of 0.66. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.48 and a current ratio of 0.57.

ONE Gas (NYSE:OGS) last issued its quarterly earnings data on Monday, May 4th. The utilities provider reported $2.11 EPS for the quarter, missing the consensus estimate of $2.13 by ($0.02). The company had revenue of $831.71 million during the quarter, compared to the consensus estimate of $969.36 million. ONE Gas had a return on equity of 8.45% and a net margin of 11.77%.The firm’s revenue for the quarter was down 11.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.99 earnings per share. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. On average, equities research analysts anticipate that ONE Gas, Inc. will post 4.72 earnings per share for the current year.

ONE Gas Announces Dividend

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

Wall Street Analyst Weigh In

Several research analysts recently issued reports on OGS shares. Mizuho cut their target price 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. Morgan Stanley set a $82.00 target price on ONE Gas in a research note on Thursday, May 21st. Wells Fargo & Company began coverage on ONE Gas in a research note on Monday, May 11th. They issued an “underweight” rating and a $85.00 target price for the company. Wolfe Research started coverage on shares of ONE Gas in a research note on Tuesday, May 26th. They set a “peer perform” rating on the stock. Finally, Truist Financial lowered their price objective on shares of ONE Gas from $99.00 to $95.00 and set a “buy” rating for the company in a report on Monday, May 18th. Five research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $89.38.

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.