ONE Gas Inc (OGS) : Alpha Omega Wealth Management reduced its stake in ONE Gas Inc by 13.67% during the most recent quarter end. The investment management company now holds a total of 47,761 shares of ONE Gas Inc which is valued at $2,734,317 after selling 7,565 shares in ONE Gas Inc , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.ONE Gas Inc makes up approximately 2.28% of Alpha Omega Wealth Management’s portfolio.
ONE Gas Inc opened for trading at $58.08 and hit $58.472 on the upside on Wednesday, eventually ending the session at $58.26, with a gain of 0.62% or 0.36 points. The heightened volatility saw the trading volume jump to 2,48,816 shares. Company has a market cap of $3,047 M.
Other Hedge Funds, Including , Advocacy Wealth Management Services reduced its stake in OGS by selling 500 shares or 83.33% in the most recent quarter. The Hedge Fund company now holds 100 shares of OGS which is valued at $5,725.Gemmer Asset Management boosted its stake in OGS in the latest quarter, The investment management firm added 58 additional shares and now holds a total of 162 shares of ONE Gas Inc which is valued at $9,683. ONE Gas Inc makes up approx 0.01% of Gemmer Asset Management’s portfolio. Gradient Investments added OGS to its portfolio by purchasing 18 company shares during the most recent quarter which is valued at $1,076.
On the company’s financial health, ONE Gas Inc reported $0.74 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Feb 17, 2016. Analyst had a consensus of $0.73.Analysts expectations of $ 552.90.During the same quarter in the previous year, the company posted $0.69 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 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.