Teacher Retirement System of Texas boosted its position in ONE Gas Inc. (NYSE:OGS) by 13.6% during the second quarter, Holdings Channel reports. The firm owned 7,382 shares of the company’s stock after buying an additional 883 shares during the period. Teacher Retirement System of Texas’ holdings in ONE Gas were worth $492,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. increased its stake in ONE Gas by 50.1% in the first quarter. Goldman Sachs Group Inc. now owns 206,384 shares of the company’s stock worth $12,610,000 after buying an additional 68,916 shares during the period. Affinity Wealth Management increased its stake in ONE Gas by 3.9% in the first quarter. Affinity Wealth Management now owns 4,744 shares of the company’s stock worth $290,000 after buying an additional 179 shares during the period. UBS Group AG increased its stake in ONE Gas by 1.7% in the first quarter. UBS Group AG now owns 19,012 shares of the company’s stock worth $1,162,000 after buying an additional 315 shares during the period. State Street Corp increased its stake in ONE Gas by 0.5% in the first quarter. State Street Corp now owns 1,717,404 shares of the company’s stock worth $104,933,000 after buying an additional 8,601 shares during the period. Finally, BlackRock Institutional Trust Company N.A. increased its stake in ONE Gas by 1.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,506,006 shares of the company’s stock worth $92,017,000 after buying an additional 24,210 shares during the period. 71.71% of the stock is owned by hedge funds and other institutional investors.
Shares of ONE Gas Inc. (NYSE:OGS) traded down 0.74% during mid-day trading on Thursday, hitting $57.99. The company had a trading volume of 95,556 shares. The firm has a 50-day moving average price of $61.93 and a 200 day moving average price of $61.70. The firm has a market capitalization of $3.03 billion, a P/E ratio of 23.31 and a beta of 0.11. ONE Gas Inc. has a 12 month low of $45.57 and a 12 month high of $67.35.
ONE Gas (NYSE:OGS) last released its quarterly earnings results on Monday, August 1st. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.07. The firm had revenue of $245.92 million for the quarter, compared to the consensus estimate of $289.73 million. ONE Gas had a return on equity of 7.12% and a net margin of 9.61%. The firm’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.23 EPS. On average, equities research analysts forecast that ONE Gas Inc. will post $2.60 earnings per share for the current fiscal year.
A number of research firms recently commented on OGS. Jefferies Group downgraded 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. Zacks Investment Research raised ONE Gas from a “hold” rating to a “buy” rating and set a $74.00 price target for the company in a report on Wednesday, July 13th. BB&T Corp. began coverage on ONE Gas in a report on Wednesday, June 22nd. They issued a “hold” rating for the company. Finally, Wells Fargo & Co. began coverage on ONE Gas in a report on Tuesday, August 30th. They issued a “market perform” rating for the company. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $59.00.
In other ONE Gas news, Director Eduardo A. Rodriguez sold 1,325 shares of the stock in a transaction that occurred on Friday, September 16th. The stock was 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 directly owns 8,060 shares of the company’s stock, valued at approximately $491,337.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company 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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