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

ONE Gas, Inc. (NYSE:OGS) declared a quarterly dividend on Tuesday, January 21st,RTT News reports. Investors of record on Friday, February 21st will be paid a dividend of 0.67 per share by the utilities provider on Friday, March 7th. This represents a $2.68 annualized dividend and a yield of 3.71%. This is a boost from ONE Gas’s previous quarterly dividend of $0.66.

ONE Gas has raised its dividend payment by an average of 4.4% per year over the last three years. ONE Gas has a payout ratio of 58.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect ONE Gas to earn $4.26 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 62.0%.

ONE Gas Stock Performance

NYSE:OGS opened at $72.30 on Wednesday. The company has a 50-day moving average of $72.18 and a 200-day moving average of $70.93. The firm has a market cap of $4.10 billion, a price-to-earnings ratio of 18.83, a price-to-earnings-growth ratio of 5.91 and a beta of 0.71. 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 has a twelve month low of $57.74 and a twelve month high of $78.89.

ONE Gas (NYSE:OGS) last issued its quarterly earnings results on Monday, November 4th. The utilities provider reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.05). ONE Gas had a return on equity of 7.71% and a net margin of 10.52%. The company had revenue of $340.40 million during the quarter, compared to analysts’ expectations of $287.48 million. During the same period in the prior year, the business posted $0.45 EPS. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. Analysts forecast that ONE Gas will post 3.89 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on OGS. Morgan Stanley increased their price objective on ONE Gas from $63.00 to $69.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th. StockNews.com lowered ONE Gas from a “hold” rating to a “sell” rating in a report on Saturday. Jefferies Financial Group initiated coverage on ONE Gas in a report on Monday, December 9th. They issued a “hold” rating and a $79.00 price objective on the stock. LADENBURG THALM/SH SH cut shares of ONE Gas from a “buy” rating to a “neutral” rating and set a $75.50 target price for the company. in a research note on Friday, December 6th. Finally, Wells Fargo & Company decreased their target price on shares of ONE Gas from $82.00 to $81.00 and set an “overweight” rating for the company in a research report on Wednesday, November 6th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $72.69.

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.