Kestrel Investment Management Corp Lowers stake in ONE Gas Inc (OGS)

ONE Gas Inc (OGS) : Kestrel Investment Management Corp reduced its stake in ONE Gas Inc by 1.48% during the most recent quarter end. The investment management company now holds a total of 246,350 shares of ONE Gas Inc which is valued at $14.9 Million after selling 3,700 shares in ONE Gas Inc , the firm said in a disclosure report filed with the SEC on May 12, 2016.ONE Gas Inc makes up approximately 5.75% of Kestrel Investment Management Corp’s portfolio.

Other Hedge Funds, Including , Raymond James Associates sold out all of its stake in OGS during the most recent quarter. The investment firm sold 15,331 shares of OGS which is valued $924,766.Pax World Management reduced its stake in OGS by selling 320,350 shares or 79.88% in the most recent quarter. The Hedge Fund company now holds 80,671 shares of OGS which is valued at $4.9 Million. ONE Gas Inc makes up approx 0.26% of Pax World Management’s portfolio. Numeric Investors added OGS to its portfolio by purchasing 217,900 company shares during the most recent quarter which is valued at $13.1 Million. ONE Gas Inc makes up approx 0.14% of Numeric Investors’s portfolio. Nordea Investment Management Ab added OGS to its portfolio by purchasing 17,600 company shares during the most recent quarter which is valued at $1 Million.

ONE Gas Inc opened for trading at $57.47 and hit $57.75 on the upside on Friday, eventually ending the session at $57.73, with a gain of 0.94% or 0.54 points. The heightened volatility saw the trading volume jump to 2,36,545 shares. Company has a market cap of $3,011,255 M.

On the company’s financial health, ONE Gas Inc reported $1.22 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on May 2, 2016. Analyst had a consensus of $1.20.Analysts expectations of $ 731.66.During the same quarter in the previous year, the company posted $1.13 EPS.

Many Wall Street Analysts have commented on ONE Gas Inc. ONE Gas Inc was Downgraded by Morgan Stanley to ” Underweight” on Mar 18, 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 Company’s 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 Company’s 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.

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