ONE Gas, Inc. (NYSE:OGS) to Issue Dividend Increase – $0.68 Per Share

ONE Gas, Inc. (NYSE:OGS) announced a quarterly dividend on Tuesday, January 20th. Shareholders of record on Friday, February 20th will be given a dividend of 0.68 per share by the utilities provider on Friday, March 6th. This represents a c) annualized dividend and a yield of 3.5%. The ex-dividend date is Friday, February 20th. This is a 1.5% increase from ONE Gas’s previous quarterly dividend of $0.67.

ONE Gas has raised its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 2 years. ONE Gas has a payout ratio of 59.7% indicating that its dividend is sufficiently covered by earnings. Equities 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 Price Performance

Shares of NYSE OGS opened at $78.54 on Wednesday. The firm has a market capitalization of $4.71 billion, a P/E ratio of 18.31, a P/E/G ratio of 2.51 and a beta of 0.81. The firm’s 50-day moving average price is $79.07 and its 200-day moving average price is $77.77. The company has a current ratio of 0.47, a quick ratio of 0.33 and a debt-to-equity ratio of 0.74. ONE Gas has a 1-year low of $68.19 and a 1-year high of $83.96.

ONE Gas (NYSE:OGS) last issued its earnings results on Monday, November 3rd. The utilities provider reported $0.44 EPS for the quarter, meeting analysts’ consensus estimates of $0.44. The business had revenue of $379.13 million during the quarter, compared to analyst estimates of $404.19 million. ONE Gas had a return on equity of 8.06% and a net margin of 10.76%.The firm’s revenue was up 11.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.34 EPS. ONE Gas has set its FY 2025 guidance at 4.340-4.400 EPS. Equities research analysts anticipate that ONE Gas will post 4.26 earnings per share for the current fiscal year.

Hedge Funds Weigh In On ONE Gas

Hedge funds and other institutional investors have recently modified their holdings of the business. Caldwell Trust Co purchased a new stake in shares of ONE Gas during the second quarter valued at approximately $33,000. American National Bank & Trust bought a new position in ONE Gas in the 4th quarter valued at $33,000. Advisory Services Network LLC purchased a new stake in shares of ONE Gas during the 3rd quarter valued at $36,000. Daiwa Securities Group Inc. bought a new stake in shares of ONE Gas during the 2nd quarter worth $50,000. Finally, Avalon Trust Co bought a new stake in shares of ONE Gas during the 2nd quarter worth $51,000. Hedge funds and other institutional investors own 88.71% of the company’s stock.

About ONE Gas

ONE Gas, Inc is a publicly traded natural gas utility company focused on the regulated distribution of natural gas to residential, commercial and industrial customers. Headquartered in Tulsa, Oklahoma, the company owns and operates an integrated system of transmission and distribution pipelines, storage facilities and compressor stations designed to deliver safe, reliable energy to end users. Its operations are governed by state utility commissions, which set rates and service standards in the markets the company serves.

The company’s service territory spans three states: Oklahoma, Kansas and the Texas Panhandle.