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

ONE Gas, Inc. (NYSE:OGS) declared a quarterly dividend on Monday, November 4th,NASDAQ Dividends reports. Investors of record on Tuesday, November 19th will be given 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 3.50%. The ex-dividend date is Tuesday, November 19th.

ONE Gas has raised its dividend by an average of 6.4% per year over the last three years. ONE Gas has a dividend payout ratio of 62.9% indicating that its dividend is sufficiently covered by earnings. Equities 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 Up 1.6 %

OGS stock opened at $75.40 on Monday. The company has a market cap of $4.27 billion, a price-to-earnings ratio of 19.64, a PEG ratio of 3.89 and a beta of 0.67. The firm has a 50-day moving average of $72.99 and a two-hundred day moving average of $67.78. ONE Gas has a 12 month low of $55.50 and a 12 month high of $76.34. The company has a current ratio of 0.50, a quick ratio of 0.37 and a debt-to-equity ratio of 0.85.

ONE Gas (NYSE:OGS) last posted its quarterly earnings results on Monday, November 4th. The utilities provider reported $0.34 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.05). ONE Gas had a net margin of 10.52% and a return on equity of 7.71%. The company had revenue of $340.40 million during the quarter, compared to analyst estimates of $287.48 million. During the same period in the prior year, the business posted $0.45 EPS. ONE Gas’s revenue for the quarter was up 1.4% compared to the same quarter last year. As a group, analysts forecast that ONE Gas will post 3.88 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Morgan Stanley boosted their target price on shares of ONE Gas from $63.00 to $69.00 and gave the company an “equal weight” rating in a report on Wednesday, September 25th. Wells Fargo & Company decreased their price objective on ONE Gas from $82.00 to $81.00 and set an “overweight” rating on the stock in a report on Wednesday, November 6th. Finally, StockNews.com cut ONE Gas from a “hold” rating to a “sell” rating in a research note on Wednesday, November 13th. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $68.10.

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.