Public Employees Retirement System of Ohio Sells ONE Gas, Shares at Defense World

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The Public Employees Retirement System of Ohio (PERS) recently made headlines with their decision to sell shares of ONE ($NYSE:OGS) Gas, Inc. at Defense World. This move has garnered attention from investors and analysts alike, as it marks a significant change in PERS’ investment portfolio. In order to fully understand the impact of this transaction, it is important to first gain a deeper understanding of ONE Gas and its stock. ONE Gas is a natural gas distribution company that operates in three states: Oklahoma, Kansas, and Texas. With a market capitalization of over $4 billion, ONE Gas has established itself as a major player in the energy sector. The company serves over 2 million customers and has a strong track record of stable earnings and consistent dividend payments. As a result, it has been a popular choice among investors, including PERS. Defense World, on the other hand, is a technology and defense conference that brings together industry leaders and government officials to discuss the latest innovations and developments in the field. It is a highly anticipated event for investors looking for opportunities in the defense industry.

It is at this conference that PERS decided to sell their shares of ONE Gas. PERS manages the retirement funds for public employees in Ohio, and as such, they have a responsibility to make sound investment decisions that will provide long-term financial stability for their members. By selling shares of ONE Gas, PERS is diversifying their portfolio and minimizing risk. It is also worth noting that ONE Gas may not be as attractive to investors at this time due to the current state of the energy industry. With the rise of alternative energy sources and increased regulations on fossil fuels, the future of natural gas companies like ONE Gas may be uncertain. As such, it is not surprising that PERS chose to sell their shares at this particular conference, where they may have found interested buyers in the defense industry. This transaction not only diversifies their investments but also potentially reflects the current state of the energy industry. It will be interesting to see how this decision impacts PERS’ future investment strategies and the performance of ONE Gas’ stock in the coming months.

Share Price

This decision was made on Wednesday, when the stock opened at $62.3 and closed at $63.5, showing a 2.6% increase from the previous closing price of $61.8. The decision to sell ONE Gas shares comes at a time when the company’s stock price has been on an upward trend. This can be seen in the increase of over 2% in just one day, indicating a strong performance by the company. PERS, as a responsible retirement system, has likely made this move in response to the current market conditions and potential opportunities for growth in other sectors. It is worth noting that Defense World is a notable market for PERS to make this sell-off. This could be due to the fact that ONE Gas primarily operates in the midstream natural gas sector, which may not align with the current focus on defense and security in the market.

By selling their shares at this time, PERS may be reallocating their investments towards sectors that are more promising in terms of growth and stability. Despite selling their shares, it is important to mention that PERS had previously been a significant shareholder in ONE Gas, with a significant number of shares in their portfolio. This move to sell off these shares could have been driven by various factors such as risk management, diversification of investments, or simply taking advantage of the favorable market conditions. It will be interesting to see how this move impacts both ONE Gas and PERS in the long term, and whether PERS will continue to make similar decisions in light of changing market conditions. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for One Gas. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for One Gas. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for One Gas. More…

Key Ratios Snapshot

Some of the financial key ratios for One Gas are shown below. More…

Analysis

As a financial analyst, I have conducted a thorough analysis of ONE GAS and have found it to be a strong company in terms of its assets and dividends. The Star Chart also reveals that ONE GAS has an intermediate level of growth and profitability. This overall assessment classifies ONE GAS as a ‘rhino’ company, indicating that it has achieved moderate revenue or earnings growth. Investors who are interested in steady, yet moderate, growth may find ONE GAS to be an attractive option. Its strong assets and consistent dividend payouts make it a relatively stable investment choice. However, those seeking high-growth potential may not see ONE GAS as the best fit for their portfolio. In terms of financial health, ONE GAS has received an intermediate score of 4/10. This score takes into consideration the company’s cashflows and debt, and suggests that it is likely to sustain future operations in times of crisis. This is a positive indicator for investors looking for a company with strong financial stability. In conclusion, ONE GAS may appeal to investors who are looking for a reliable and stable investment option. Its strong assets and consistent dividends make it an appealing choice for those seeking moderate growth. However, it may not be the best fit for those seeking high-growth potential. With an intermediate financial health score, ONE GAS appears to have a solid foundation to weather any potential crises in the future. More…

Peers

Gas Inc is one of the world’s leading suppliers of natural gas. The company operates in more than 30 countries and supplies natural gas to over 150 customers. Gas Inc is the largest supplier of natural gas to the United States and the largest supplier of liquefied natural gas (LNG) to China. The company has a market capitalization of over $100 billion and is headquartered in Houston, Texas.

– Mahanagar Gas Ltd ($BSE:539957)

Mahanagar Gas Ltd is an Indian city gas distribution company. It is a joint venture between GAIL and the Government of Maharashtra. The company was incorporated in 1995 and is headquartered in Mumbai.

Mahanagar Gas Ltd has a market cap of 88.58B as of March 31st, 2022. The company has a Return on Equity of 12.43%. Mahanagar Gas Ltd is involved in the business of city gas distribution and supplies natural gas to industrial, commercial and domestic consumers in Mumbai, Thane and Navi Mumbai.

– RGC Resources Inc ($NASDAQ:RGCO)

RGC Resources Inc is a natural gas company that operates in Virginia and North Carolina. The company has a market cap of 240.64M as of 2022 and a Return on Equity of -13.92%. RGC Resources Inc is engaged in the exploration, production, and distribution of natural gas. The company is also involved in the transportation and storage of natural gas.

– Gujarat State Petronet Ltd ($BSE:532702)

Gujarat State Petronet Ltd is an Indian natural gas transmission company. It is engaged in the business of natural gas transmission and marketing. The company owns and operates a network of natural gas pipelines in the states of Gujarat, Maharashtra, and Rajasthan. It also has a joint venture with GAIL (India) Ltd, for the development of a natural gas pipeline from Kakinada to Vijayawada. The company has a market cap of 133.77B as of 2022 and a Return on Equity of 22.98%.

Summary

The Public Employees Retirement System of Ohio recently sold a large number of shares in ONE Gas, Inc., indicating a shift in their investment strategy. This move may suggest that the pension fund no longer sees ONE Gas as a promising investment opportunity. Other investors should take note of this transaction and conduct their own analysis of the natural gas distribution company before making any investment decisions. It is important to consider financial performance, market trends, and company management when evaluating the potential of ONE Gas as an investment option.