JPMorgan Chase & Co. increased its position in ONE Gas Inc. (NYSE:OGS) by 4,445.1% during the second quarter, Holdings Channel reports. The firm owned 60,722 shares of the company’s stock after buying an additional 59,386 shares during the period. JPMorgan Chase & Co. owned approximately 0.12% of ONE Gas worth $4,044,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of the company. LS Investment Advisors LLC increased 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 during the period. CT Mason bought a new position in shares of ONE Gas during the second quarter worth about $222,000. Winslow Evans & Crocker Inc. increased 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 during the period. Invictus RG bought a new position in shares of ONE Gas during the first quarter worth about $254,000. Finally, Affinity Wealth Management increased its position in shares of 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. Institutional investors own 71.73% of the company’s stock.
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 stock has a market cap of $3.11 billion, a price-to-earnings ratio of 23.90 and a beta of 0.11. The stock has a 50-day moving average price of $61.07 and a 200-day moving average price of $61.60. ONE Gas Inc. has a 52-week low of $45.57 and a 52-week high of $67.35.
ONE Gas (NYSE:OGS) last posted its quarterly earnings data 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. ONE Gas had a return on equity of 7.12% and a net margin of 9.61%. The firm earned $245.92 million during the quarter, compared to analysts’ expectations of $289.73 million. During the same period in the prior year, the business earned $0.23 EPS. The company’s revenue for the quarter was down 4.2% compared to the same quarter last year. Equities research analysts anticipate that ONE Gas Inc. will post $2.60 earnings per share for the current fiscal year.
A number of brokerages have recently issued reports on OGS. Jefferies Group upgraded ONE Gas from an “underperform” rating to a “hold” rating and set a $53.00 price objective for the company in a research report on Thursday. Zacks Investment Research upgraded ONE Gas from a “hold” rating to a “buy” rating and set a $69.00 target price for the company in a report on Friday, September 2nd. Wells Fargo & Co. assumed coverage on ONE Gas in a report on Tuesday, August 30th. They issued a “market perform” rating for the company. Finally, BB&T Corp. assumed coverage on ONE Gas in a report on Wednesday, June 22nd. They issued a “hold” rating for the company. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $59.00.
In other news, Director Eduardo A. Rodriguez sold 1,325 shares of the company’s stock in a transaction dated Friday, September 16th. The stock was 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 directly owns 8,060 shares in the company, valued at approximately $491,337.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.25% of the stock is owned by 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.
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