M&T Bank Corp Boosts Stake in ONE Gas, Inc. (OGS)

M&T Bank Corp lifted its stake in shares of ONE Gas, Inc. (NYSE:OGS) by 3.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,018 shares of the utilities provider’s stock after buying an additional 150 shares during the period. M&T Bank Corp’s holdings in ONE Gas were worth $280,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of ONE Gas by 0.3% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,654 shares of the utilities provider’s stock worth $534,000 after buying an additional 23 shares during the period. US Bancorp DE lifted its stake in shares of ONE Gas by 0.4% during the second quarter. US Bancorp DE now owns 7,589 shares of the utilities provider’s stock worth $530,000 after buying an additional 28 shares during the period. Capstone Asset Management Co. lifted its stake in shares of ONE Gas by 1.0% during the second quarter. Capstone Asset Management Co. now owns 4,152 shares of the utilities provider’s stock worth $290,000 after buying an additional 40 shares during the period. Amalgamated Bank lifted its stake in shares of ONE Gas by 1.4% during the second quarter. Amalgamated Bank now owns 7,428 shares of the utilities provider’s stock worth $519,000 after buying an additional 102 shares during the period. Finally, Public Employees Retirement System of Ohio lifted its stake in shares of ONE Gas by 0.8% during the first quarter. Public Employees Retirement System of Ohio now owns 12,850 shares of the utilities provider’s stock worth $869,000 after buying an additional 104 shares during the period. Institutional investors and hedge funds own 73.10% of the company’s stock.

TRADEMARK VIOLATION WARNING: “M&T Bank Corp Boosts Stake in ONE Gas, Inc. (OGS)” was first reported by Markets Daily and is the property of of Markets Daily. If you are accessing this piece on another website, it was illegally copied and reposted in violation of United States & international copyright & trademark law. The original version of this piece can be accessed at https://www.themarketsdaily.com/2017/10/13/mt-bank-corp-boosts-stake-in-one-gas-inc-ogs.html.

ONE Gas (NYSE:OGS) last issued its quarterly earnings results on Monday, July 31st. The utilities provider reported $0.39 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.03). The business had revenue of $279.69 million for the quarter, compared to analyst estimates of $257.87 million. ONE Gas had a return on equity of 7.98% and a net margin of 10.12%. The firm’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.38 EPS.

A number of research firms recently issued reports on OGS. BidaskClub upgraded shares of ONE Gas from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Morgan Stanley boosted their target price on shares of ONE Gas from $68.00 to $72.00 and gave the company an “underperform” rating in a research report on Thursday, August 10th. Zacks Investment Research downgraded shares of ONE Gas from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. UBS AG downgraded shares of ONE Gas from a “neutral” rating to a “sell” rating and boosted their target price for the company from $71.00 to $72.00 in a research report on Monday, October 2nd. Finally, Jefferies Group LLC restated a “sell” rating and set a $62.00 target price on shares of ONE Gas in a research report on Sunday, September 10th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $67.50.

About ONE Gas

ONE Gas, Inc is a regulated natural gas distribution utility in the United States. The Company provides natural gas distribution services. The Company distributes natural gas in Oklahoma, Kansas and Texas. The Company serves residential, commercial and industrial, transportation and wholesale and public authority 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).

Institutional Ownership by Quarter for ONE Gas (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.

Latest News

Leave a Reply