Chicago Equity Partners LLC increased its position in ONE Gas Inc. (NYSE:OGS) by 45.7% during the second quarter, Holdings Channel reports. The institutional investor owned 26,380 shares of the company’s stock after buying an additional 8,270 shares during the period. Chicago Equity Partners LLC’s holdings in ONE Gas were worth $1,757,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. LS Investment Advisors LLC boosted its position in shares of ONE Gas by 72.5% in the second quarter. LS Investment Advisors LLC now owns 3,118 shares of the company’s stock valued at $208,000 after buying an additional 1,310 shares during the period. CT Mason acquired a new position in shares of ONE Gas during the second quarter valued at about $222,000. Winslow Evans & Crocker Inc. boosted its position in shares of ONE Gas by 2,595.5% in the second quarter. Winslow Evans & Crocker Inc. now owns 3,558 shares of the company’s stock valued at $237,000 after buying an additional 3,426 shares during the period. Invictus RG acquired a new position in shares of ONE Gas during the first quarter valued at about $254,000. Finally, Capstone Asset Management Co. boosted its position in shares of ONE Gas by 2.7% in the second quarter. Capstone Asset Management Co. now owns 4,532 shares of the company’s stock valued at $302,000 after buying an additional 120 shares during the period. 71.69% of the stock is owned by institutional investors and hedge funds.
Shares of ONE Gas Inc. (NYSE:OGS) traded up 0.86% during mid-day trading on Tuesday, hitting $60.76. 262,132 shares of the stock traded hands. The firm has a market cap of $3.17 billion, a price-to-earnings ratio of 24.42 and a beta of 0.12. The firm’s 50 day moving average price is $61.04 and its 200 day moving average price is $61.60. ONE Gas Inc. has a 12-month low of $45.57 and a 12-month high of $67.35.
ONE Gas (NYSE:OGS) last issued its quarterly earnings results on Monday, August 1st. The company reported $0.38 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.07. The firm earned $245.92 million during the quarter, compared to analysts’ expectations of $289.73 million. ONE Gas had a net margin of 9.61% and a return on equity of 7.12%. ONE Gas’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.23 EPS. On average, equities research analysts predict that ONE Gas Inc. will post $2.60 EPS for the current fiscal year.
Several research analysts recently issued reports on OGS shares. Wells Fargo & Co. started coverage on shares of ONE Gas in a report on Tuesday, August 30th. They set a “market perform” rating for the company. Zacks Investment Research cut shares of ONE Gas from a “buy” rating to a “hold” rating in a report on Thursday, July 28th. BB&T Corp. started coverage on shares of ONE Gas in a report on Wednesday, June 22nd. They set a “hold” rating for the company. Finally, Jefferies Group cut shares of ONE Gas from a “hold” rating to an “underperform” rating and set a $53.00 target price for the company. in a report on Monday, July 25th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. ONE Gas has a consensus rating of “Hold” and a consensus price target of $59.00.
In related news, Director Eduardo A. Rodriguez sold 1,325 shares of the stock in a transaction on Friday, September 16th. The shares were sold at an average price of $60.96, for a total transaction of $80,772.00. Following the completion of the sale, the director now owns 8,060 shares in the company, valued at approximately $491,337.60. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.25% of the company’s stock.
About ONE Gas
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 operates in one segment: regulated public utilities that deliver natural gas to residential, commercial, industrial and transportation customers.
Want to see what other hedge funds are holding OGS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ONE Gas Inc. (NYSE:OGS).
Receive News & Ratings for ONE Gas Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ONE Gas Inc. and related companies with MarketBeat.com's FREE daily email newsletter.