Affinity Wealth Management buys $286,158 stake in ONE Gas Inc (OGS)

ONE Gas Inc (OGS) : Affinity Wealth Management scooped up 179 additional shares in ONE Gas Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 4,744 shares of ONE Gas Inc which is valued at $286,158.ONE Gas Inc makes up approximately 0.18% of Affinity Wealth Management’s portfolio.

Other Hedge Funds, Including , Paradigm Asset Management Co added OGS to its portfolio by purchasing 70,600 company shares during the most recent quarter which is valued at $4.3 Million. ONE Gas Inc makes up approx 0.80% of Paradigm Asset Management Co’s portfolio.Hanseatic Management Services Inc reduced its stake in OGS by selling 21 shares or 7.75% in the most recent quarter. The Hedge Fund company now holds 250 shares of OGS which is valued at $15,038. ONE Gas Inc makes up approx 0.01% of Hanseatic Management Services Inc’s portfolio.Ingalls Snyder boosted its stake in OGS in the latest quarter, The investment management firm added 88 additional shares and now holds a total of 11,502 shares of ONE Gas Inc which is valued at $672,522. ONE Gas Inc makes up approx 0.04% of Ingalls Snyder’s portfolio. Asset Dedication added OGS to its portfolio by purchasing 87 company shares during the most recent quarter which is valued at $5,087.

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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