Duff Phelps Investment Management Co buys $2,887,080 stake in ONE Gas Inc (OGS)

ONE Gas Inc (OGS) : Duff Phelps Investment Management Co scooped up 20,785 additional shares in ONE Gas Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 14, 2016. The investment management firm now holds a total of 48,555 shares of ONE Gas Inc which is valued at $2,887,080.ONE Gas Inc makes up approximately 0.04% of Duff Phelps Investment Management Co’s portfolio.

Other Hedge Funds, Including , Msi Financial Services Inc boosted its stake in OGS in the latest quarter, The investment management firm added 192 additional shares and now holds a total of 1,169 shares of ONE Gas Inc which is valued at $69,205.Legal General Group Plc boosted its stake in OGS in the latest quarter, The investment management firm added 17,704 additional shares and now holds a total of 161,592 shares of ONE Gas Inc which is valued at $9,170,346. ONE Gas Inc makes up approx 0.01% of Legal General Group Plc’s portfolio.

ONE Gas Inc opened for trading at $59.14 and hit $59.925 on the upside on Friday, eventually ending the session at $59.46, with a gain of 0.44% or 0.26 points. The heightened volatility saw the trading volume jump to 2,08,685 shares. Company has a market cap of $3,106 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.

Many Wall Street Analysts have commented on ONE Gas Inc. ONE Gas Inc was Upgraded by Jefferies to ” Hold” on Oct 13, 2016. ONE Gas Inc was Initiated by Wells Fargo to “Market Perform” on Aug 30, 2016. ONE Gas Inc was Downgraded by Jefferies to ” Underperform” on Jul 25, 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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