ONE Gas Inc (OGS) : Alpha Omega Wealth Management reduced its stake in ONE Gas Inc by 90.44% during the most recent quarter end. The investment management company now holds a total of 4,567 shares of ONE Gas Inc which is valued at $286,214 after selling 43,194 shares in ONE Gas Inc , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.ONE Gas Inc makes up approximately 0.23% of Alpha Omega Wealth Management’s portfolio.
Other Hedge Funds, Including , Gabelli Funds reduced its stake in OGS by selling 10,000 shares or 4.69% in the most recent quarter. The Hedge Fund company now holds 203,000 shares of OGS which is valued at $12,894,560. ONE Gas Inc makes up approx 0.08% of Gabelli Funds’s portfolio.
ONE Gas Inc closed down -0.66 points or -1.05% at $61.94 with 1,00,682 shares getting traded on Monday. Post opening the session at $62.69, the shares hit an intraday low of $61.89 and an intraday high of $63.1 and the price fluctuated in this range throughout the day.Shares ended Monday 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.