ONE Gas, Inc. (NYSE:OGS) Announces $0.66 Quarterly Dividend

ONE Gas, Inc. (NYSE:OGS) declared a quarterly dividend on Monday, November 4th, NASDAQ reports. Investors of record on Tuesday, November 19th will be paid a dividend of 0.66 per share by the utilities provider on Wednesday, December 4th. This represents a $2.64 annualized dividend and a dividend yield of 3.74%. The ex-dividend date of this dividend is Tuesday, November 19th.

ONE Gas has raised its dividend by an average of 6.4% annually over the last three years. ONE Gas has a dividend payout ratio of 63.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect ONE Gas to earn $4.20 per share next year, which means the company should continue to be able to cover its $2.64 annual dividend with an expected future payout ratio of 62.9%.

ONE Gas Stock Performance

NYSE:OGS traded up $0.62 during mid-day trading on Tuesday, hitting $70.59. The company’s stock had a trading volume of 579,727 shares, compared to its average volume of 402,878. The business’s fifty day moving average is $72.08 and its two-hundred day moving average is $67.20. The stock has a market cap of $4.00 billion, a price-to-earnings ratio of 18.17, a PEG ratio of 3.63 and a beta of 0.67. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.41 and a quick ratio of 0.32. ONE Gas has a 1 year low of $55.50 and a 1 year high of $74.99.

ONE Gas (NYSE:OGS) last announced its quarterly earnings results on Monday, November 4th. The utilities provider reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.07). ONE Gas had a net margin of 10.83% and a return on equity of 8.04%. The company had revenue of $340.40 million for the quarter, compared to analysts’ expectations of $287.48 million. During the same quarter in the prior year, the business posted $0.45 earnings per share. The firm’s revenue was up 1.4% compared to the same quarter last year. Analysts anticipate that ONE Gas will post 3.86 EPS for the current fiscal year.

Analyst Ratings Changes

OGS has been the subject of a number of research analyst reports. Morgan Stanley upped their price objective on shares of ONE Gas from $63.00 to $69.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. Wells Fargo & Company raised their target price on ONE Gas from $80.00 to $82.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Finally, StockNews.com lowered ONE Gas from a “hold” rating to a “sell” rating in a research note on Saturday, July 20th. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $68.30.

ONE Gas Company Profile

ONE Gas, Inc, together with its subsidiaries, operates as a regulated natural gas distribution company in the United States. The company provides natural gas distribution services to approximately 2.3 million customers in Oklahoma, Kansas, and Texas. It serves residential, commercial, and transportation customers.