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

ONE Gas, Inc. (NYSE:OGS) declared a quarterly dividend on Monday, November 4th, NASDAQ reports. Shareholders 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 dividend on an annualized basis and a yield of 3.74%. The ex-dividend date of this dividend is Tuesday, November 19th.

ONE Gas has raised its dividend payment by an average of 6.4% per year over the last three years. ONE Gas has a payout ratio of 63.0% indicating that its dividend is sufficiently covered by earnings. Equities 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 Trading Up 0.9 %

Shares of NYSE OGS traded up $0.62 during trading hours on Tuesday, reaching $70.59. The stock had a trading volume of 579,727 shares, compared to its average volume of 402,878. The business’s fifty day moving average price is $72.08 and its two-hundred day moving average price is $67.20. The firm has a market cap of $4.00 billion, a price-to-earnings ratio of 18.17, a P/E/G ratio of 3.63 and a beta of 0.67. ONE Gas has a 52-week low of $55.50 and a 52-week high of $74.99. The company has a current ratio of 0.41, a quick ratio of 0.32 and a debt-to-equity ratio of 0.76.

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

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Wells Fargo & Company boosted their price target on ONE Gas from $80.00 to $82.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Morgan Stanley lifted 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. Finally, StockNews.com cut shares of ONE Gas from a “hold” rating to a “sell” rating in a research report on Saturday, July 20th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, ONE Gas presently has a consensus rating of “Hold” and a consensus 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.