ONE Gas, Inc. (NYSE:OGS) Announces $0.67 Quarterly Dividend

ONE Gas, Inc. (NYSE:OGS) announced a quarterly dividend on Monday, November 3rd. Stockholders of record on Friday, November 14th will be paid a dividend of 0.67 per share by the utilities provider on Monday, December 1st. This represents a c) dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Friday, November 14th.

ONE Gas has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 2 consecutive years. ONE Gas has a dividend payout ratio of 59.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect ONE Gas to earn $4.43 per share next year, which means the company should continue to be able to cover its $2.68 annual dividend with an expected future payout ratio of 60.5%.

ONE Gas Stock Down 1.1%

Shares of NYSE:OGS traded down $0.90 during midday trading on Tuesday, reaching $80.60. The company had a trading volume of 41,053 shares, compared to its average volume of 495,055. The company has a quick ratio of 0.42, a current ratio of 0.52 and a debt-to-equity ratio of 0.74. The business’s 50 day moving average price is $78.71 and its 200 day moving average price is $76.01. The stock has a market cap of $4.84 billion, a PE ratio of 19.24, a P/E/G ratio of 3.17 and a beta of 0.85. ONE Gas has a 1-year low of $66.38 and a 1-year high of $83.39.

ONE Gas (NYSE:OGS) last released its earnings results on Monday, November 3rd. The utilities provider reported $0.44 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.44. The business had revenue of $379.13 million for the quarter, compared to the consensus estimate of $404.19 million. ONE Gas had a return on equity of 8.07% and a net margin of 10.63%.ONE Gas’s quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.34 earnings per share. ONE Gas has set its FY 2025 guidance at 4.340-4.400 EPS. Research analysts forecast that ONE Gas will post 4.26 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Morgan Stanley reaffirmed an “outperform” rating and issued a $72.00 target price on shares of ONE Gas in a research report on Wednesday, October 22nd. Jefferies Financial Group upped their target price on ONE Gas from $89.00 to $99.00 and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of ONE Gas in a research report on Wednesday, October 8th. Finally, Mizuho upgraded ONE Gas from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $77.00 to $86.00 in a research note on Friday, September 26th. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, ONE Gas currently has an average rating of “Moderate Buy” and an average target price of $80.69.

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.