Northern Trust Corp Has $56.62 Million Holdings in ONE Gas, Inc. $OGS

Key Points

• Northern Trust Corp reduced its stake in ONE Gas, Inc. by 3.7%, now holding approximately $56.62 million worth of the company's stock.
• One Gas announced a quarterly dividend of $0.67 per share, which provides an annualized yield of 3.6%, set to be paid on September 3rd.
• Several analysts upgraded their ratings on ONE Gas, with a consensus average target price of $77.64 and four analysts giving a "Buy" rating.

Northern Trust Corp lowered its position in shares of ONE Gas, Inc. (NYSE:OGS - Free Report) by 3.7% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 748,999 shares of the utilities provider's stock after selling 28,560 shares during the period. Northern Trust Corp owned 1.25% of ONE Gas worth $56,617,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Raymond James Financial Inc. bought a new stake in shares of ONE Gas during the fourth quarter valued at about $2,346,000. Dimensional Fund Advisors LP raised its stake in shares of ONE Gas by 1.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 964,965 shares of the utilities provider's stock valued at $66,824,000 after purchasing an additional 15,976 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of ONE Gas by 58.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 7,239 shares of the utilities provider's stock valued at $501,000 after purchasing an additional 2,666 shares in the last quarter. Hsbc Holdings PLC raised its stake in shares of ONE Gas by 528.5% during the fourth quarter. Hsbc Holdings PLC now owns 41,365 shares of the utilities provider's stock valued at $2,856,000 after purchasing an additional 34,783 shares in the last quarter. Finally, Susquehanna International Group LLP raised its stake in shares of ONE Gas by 942.1% during the fourth quarter. Susquehanna International Group LLP now owns 24,188 shares of the utilities provider's stock valued at $1,675,000 after purchasing an additional 21,867 shares in the last quarter. Institutional investors own 88.71% of the company's stock.

ONE Gas Trading Up 0.5%

Shares of ONE Gas stock traded up $0.37 on Friday, reaching $76.59. 409,602 shares of the company were exchanged, compared to its average volume of 499,351. The stock has a fifty day moving average price of $73.89 and a 200-day moving average price of $74.43. The firm has a market capitalization of $4.60 billion, a price-to-earnings ratio of 18.28, a price-to-earnings-growth ratio of 3.17 and a beta of 0.82. The company has a current ratio of 0.52, a quick ratio of 0.42 and a debt-to-equity ratio of 0.74. ONE Gas, Inc. has a fifty-two week low of $66.38 and a fifty-two week high of $82.25.

ONE Gas (NYSE:OGS - Get Free Report) last issued its earnings results on Tuesday, August 5th. The utilities provider reported $0.53 EPS for the quarter, hitting the consensus estimate of $0.53. The business had revenue of $423.70 million during the quarter, compared to analysts' expectations of $432.69 million. ONE Gas had a return on equity of 8.07% and a net margin of 10.63%.ONE Gas's revenue was up 19.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.48 earnings per share. ONE Gas has set its FY 2025 guidance at 4.320-4.420 EPS. On average, analysts expect that ONE Gas, Inc. will post 4.26 EPS for the current year.

ONE Gas Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 3rd. Stockholders of record on Monday, August 18th will be given a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Monday, August 18th. ONE Gas's dividend payout ratio (DPR) is 63.96%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Wells Fargo & Company lifted their price objective on shares of ONE Gas from $82.00 to $89.00 and gave the company an "overweight" rating in a research note on Wednesday, May 7th. Morgan Stanley set a $71.00 target price on ONE Gas and gave the company an "outperform" rating in a research note on Thursday, August 21st. LADENBURG THALM/SH SH raised ONE Gas to a "hold" rating in a research note on Friday, May 9th. Wall Street Zen raised ONE Gas from a "sell" rating to a "hold" rating in a research note on Wednesday, May 14th. Finally, Guggenheim raised their target price on ONE Gas from $69.00 to $73.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, ONE Gas currently has a consensus rating of "Moderate Buy" and an average price target of $77.64.

About ONE Gas

ONE Gas, Inc, together with its subsidiaries, operates as a regulated natural gas distribution company in the United States. The company provides natural gas distribution services to approximately 2.3 million customers in Oklahoma, Kansas, and Texas. It serves residential, commercial, and transportation customers.