ONE Gas, Inc. (OGS) to Issue Quarterly Dividend of $0.66 on December 4th

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

ONE Gas has increased its dividend by an average of 6.4% per year over the last three years. ONE Gas has a dividend payout ratio of 63.0% 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 Performance

Shares of ONE Gas stock opened at $70.59 on Wednesday. The company has a 50 day moving average price of $72.12 and a 200 day moving average price of $67.24. The firm has a market capitalization of $4.00 billion, a P/E ratio of 18.38, a PEG ratio of 3.63 and a beta of 0.67. The company has a quick ratio of 0.32, a current ratio of 0.41 and a debt-to-equity ratio of 0.76. ONE Gas has a 52 week low of $55.50 and a 52 week high of $74.99.

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

Analysts Set New Price Targets

OGS has been the subject of several research analyst reports. Morgan Stanley raised their price objective on ONE Gas from $63.00 to $69.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 25th. StockNews.com raised shares of ONE Gas from a “sell” rating to a “hold” rating in a research report on Tuesday. Finally, Wells Fargo & Company upped their price objective on shares of ONE Gas from $80.00 to $82.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target 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.