Retirement Systems of Alabama cut its position in ONE Gas Inc. (NYSE:OGS) by 0.2% during the second quarter, Holdings Channel reports. The institutional investor owned 67,285 shares of the company’s stock after selling 144 shares during the period. Retirement Systems of Alabama’s holdings in ONE Gas were worth $4,481,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in OGS. Strs Ohio boosted its position in shares of ONE Gas by 50.6% in the second quarter. Strs Ohio now owns 12,800 shares of the company’s stock worth $852,000 after buying an additional 4,300 shares in the last quarter. Bank of Montreal Can bought a new position in shares of ONE Gas during the second quarter worth approximately $1,546,000. Adams Diversified Equity Fund Inc. bought a new position in shares of ONE Gas during the second quarter worth approximately $513,000. 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 worth $237,000 after buying an additional 3,426 shares in the last quarter. Finally, 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 worth $208,000 after buying an additional 1,310 shares in the last quarter. 71.73% of the stock is currently owned by institutional investors.
Shares of ONE Gas Inc. (NYSE:OGS) traded up 0.44% during midday trading on Friday, reaching $59.46. The company’s stock had a trading volume of 208,685 shares. The firm has a market capitalization of $3.11 billion, a P/E ratio of 23.90 and a beta of 0.11. The stock has a 50-day moving average of $61.07 and a 200 day moving average of $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 posted its earnings results on Monday, August 1st. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.07. The company earned $245.92 million during the quarter, compared to the consensus estimate of $289.73 million. ONE Gas had a net margin of 9.61% and a return on equity of 7.12%. The firm’s quarterly revenue was down 4.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.23 earnings per share. Equities research analysts predict that ONE Gas Inc. will post $2.60 EPS for the current fiscal year.
A number of equities analysts recently commented on the company. Jefferies Group raised ONE Gas from an “underperform” rating to a “hold” rating and set a $53.00 target price on the stock in a report on Thursday. Zacks Investment Research upgraded ONE Gas from a “hold” rating to a “buy” rating and set a $69.00 price target for the company in a research note on Friday, September 2nd. Wells Fargo & Co. initiated coverage on ONE Gas in a research note on Tuesday, August 30th. They issued a “market perform” rating for the company. Finally, BB&T Corp. initiated coverage on ONE Gas in a research note on Wednesday, June 22nd. They issued a “hold” rating for the company. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $59.00.
In other ONE Gas news, Director Eduardo A. Rodriguez sold 1,325 shares of the company’s stock in a transaction dated Friday, September 16th. The shares were sold at an average price of $60.96, for a total value of $80,772.00. Following the completion of the transaction, the director now owns 8,060 shares in the company, valued at $491,337.60. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.25% of the stock is currently owned by company insiders.
ONE Gas Company Profile
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.