ONE Gas Inc (OGS) : Wright Investors Service Inc scooped up 1,030 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 1, 2016. The investment management firm now holds a total of 15,686 shares of ONE Gas Inc which is valued at $1,001,237.ONE Gas Inc makes up approximately 0.40% of Wright Investors Service Inc’s portfolio.
Other Hedge Funds, Including , California State Teachers Retirement System reduced its stake in OGS by selling 2,239 shares or 2.0% in the most recent quarter. The Hedge Fund company now holds 109,507 shares of OGS which is valued at $6,989,832. ONE Gas Inc makes up approx 0.01% of California State Teachers Retirement System’s portfolio.Clarivest Asset Management reduced its stake in OGS by selling 100 shares or 0.57% in the most recent quarter. The Hedge Fund company now holds 17,500 shares of OGS which is valued at $1,136,800. ONE Gas Inc makes up approx 0.03% of Clarivest Asset Management’s portfolio.Foundry Partners reduced its stake in OGS by selling 1,320 shares or 22.78% in the most recent quarter. The Hedge Fund company now holds 4,475 shares of OGS which is valued at $296,469. ONE Gas Inc makes up approx 0.03% of Foundry Partners’s portfolio. Ct Mason added OGS to its portfolio by purchasing 3,336 company shares during the most recent quarter which is valued at $220,109. ONE Gas Inc makes up approx 0.09% of Ct Mason’s portfolio.
ONE Gas Inc opened for trading at $63.83 and hit $64.45 on the upside on Thursday, eventually ending the session at $63.98, with a gain of 0.24% or 0.15 points. The heightened volatility saw the trading volume jump to 88,503 shares. Company has a market cap of $3,342 M.
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.
Investors should note that on Jul 25, 2016, ONE Gas Inc announced a cash dividend of $0.3500. The company’s management has announced Aug 11, 2016 as the ex-dividend date and fixed the record date on Aug 15, 2016. The payable date has been fixed on Sep 1, 2016.
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.