Principal Financial Group Inc. increased its position in shares of ONE Gas Inc. (NYSE:OGS) by 12.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 200,522 shares of the company’s stock after buying an additional 21,815 shares during the period. Principal Financial Group Inc. owned approximately 0.38% of ONE Gas worth $13,353,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in OGS. LS Investment Advisors LLC boosted its stake 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 worth $208,000 after buying an additional 1,310 shares during the period. CT Mason bought a new stake in shares of ONE Gas during the second quarter worth approximately $222,000. Winslow Evans & Crocker Inc. boosted its stake 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 worth $237,000 after buying an additional 3,426 shares during the period. Invictus RG bought a new stake in shares of ONE Gas during the first quarter worth approximately $254,000. Finally, Capstone Asset Management Co. boosted its stake 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 worth $302,000 after buying an additional 120 shares during the period. 71.73% of the stock is owned by institutional investors.
ONE Gas Inc. (NYSE:OGS) opened at 56.94 on Monday. ONE Gas Inc. has a 52 week low of $45.57 and a 52 week high of $67.35. The company has a market capitalization of $2.97 billion, a PE ratio of 22.89 and a beta of 0.12. The stock’s 50 day moving average is $61.65 and its 200 day moving average is $61.66.
ONE Gas (NYSE:OGS) last announced its quarterly earnings results on Monday, August 1st. The company reported $0.38 EPS for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.07. ONE Gas had a return on equity of 7.12% and a net margin of 9.61%. The firm had revenue of $245.92 million for the quarter, compared to analyst estimates of $289.73 million. During the same period last year, the firm posted $0.23 earnings per share. The business’s revenue for the quarter was down 4.2% on a year-over-year basis. Analysts predict that ONE Gas Inc. will post $2.60 EPS for the current fiscal year.
A number of research firms recently issued reports on OGS. Zacks Investment Research raised ONE Gas from a “hold” rating to a “buy” rating and set a $71.00 target price for the company in a research note on Thursday, August 4th. Jefferies Group cut ONE Gas from a “hold” rating to an “underperform” rating and set a $53.00 target price for the company. in a research note on Monday, July 25th. BB&T Corp. began coverage on ONE Gas in a research note on Wednesday, June 22nd. They set a “hold” rating for the company. Finally, Wells Fargo & Co. began coverage on ONE Gas in a research note on Tuesday, August 30th. They set a “market perform” rating for the company. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. ONE Gas currently has an average rating of “Hold” and an average price target of $59.00.
In other news, Director Eduardo A. Rodriguez sold 1,325 shares of ONE Gas stock in a transaction dated Friday, September 16th. The stock was sold at an average price of $60.96, for a total transaction of $80,772.00. Following the sale, the director now directly owns 8,060 shares of the company’s stock, valued at $491,337.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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.
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