ONE Gas Inc (OGS) : Affinity Wealth Management scooped up 167 additional shares in ONE Gas Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 4,911 shares of ONE Gas Inc which is valued at $307,429.ONE Gas Inc makes up approximately 0.20% of Affinity Wealth Management’s portfolio.
Other Hedge Funds, Including , Blackrock Group Ltd reduced its stake in OGS by selling 20,991 shares or 33.93% in the most recent quarter. The Hedge Fund company now holds 40,866 shares of OGS which is valued at $2,558,212. Mesirow Financial Investment Management – Equity Management added OGS to its portfolio by purchasing 30,710 company shares during the most recent quarter which is valued at $1,924,596. ONE Gas Inc makes up approx 0.11% of Mesirow Financial Investment Management – Equity Management’s portfolio.Public Employees Retirement Association Of Colorado reduced its stake in OGS by selling 1,734 shares or 12.52% in the most recent quarter. The Hedge Fund company now holds 12,117 shares of OGS which is valued at $787,120. ONE Gas Inc makes up approx 0.01% of Public Employees Retirement Association Of Colorado’s portfolio.
ONE Gas Inc closed down -0.67 points or -1.07% at $61.99 with 2,40,522 shares getting traded on Friday. Post opening the session at $62.34, the shares hit an intraday low of $61.22 and an intraday high of $62.4167 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
On the company’s financial health, ONE Gas Inc reported $0.38 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Aug 1, 2016. Analyst had a consensus of $0.31. The company had revenue of $245.92 million for the quarter, compared to analysts expectations of $307.84 million. The company’s revenue was down -4.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.23 EPS.
Many Wall Street Analysts have commented on ONE Gas Inc. ONE Gas Inc was Downgraded by Jefferies to ” Underperform” on Jul 25, 2016. ONE Gas Inc was Initiated by BB&T Capital Mkts to “Hold” on Jun 22, 2016.
ONE Gas Inc. is an independent natural gas utility in the United States. The Company is a natural gas distributor in Oklahoma Kansas and Texas. The Company provides natural gas distribution services approximately to two million customers through its divisions in Oklahoma Kansas and Texas. The Companys distribution markets are in terms of customers are Oklahoma City and Tulsa Oklahoma; Kansas City Wichita and Topeka Kansas and Austin and El Paso Texas. The Companys divisions include Oklahoma Natural Gas Kansas Gas Service and Texas Gas Service. Its divisions Oklahoma Natural Gas Kansas Gas Service and Texas Gas Service distribute natural gas as public utilities to approximately 87 % 72 % and 14 % of the natural gas distribution customers in Oklahoma Kansas and Texas respectively.