ONE Gas, Inc. (NYSE:OGS) to Issue Quarterly Dividend of $0.68

ONE Gas, Inc. (NYSE:OGS) declared a quarterly dividend on Tuesday, January 20th. Shareholders of record on Friday, February 20th will be paid a dividend of 0.68 per share by the utilities provider on Friday, March 6th. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend 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 by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 2 consecutive years. ONE Gas has a payout ratio of 59.7% meaning 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 Trading Up 0.3%

Shares of NYSE:OGS traded up $0.25 during trading on Wednesday, reaching $78.83. The company’s stock had a trading volume of 28,685 shares, compared to its average volume of 350,607. The stock has a market capitalization of $4.73 billion, a PE ratio of 18.39, a price-to-earnings-growth ratio of 2.51 and a beta of 0.81. ONE Gas has a 12 month low of $68.19 and a 12 month high of $83.96. The company has a current ratio of 0.47, a quick ratio of 0.33 and a debt-to-equity ratio of 0.74. The firm’s 50 day simple moving average is $79.07 and its two-hundred day simple moving average is $77.77.

ONE Gas (NYSE:OGS) last issued its quarterly earnings data 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 8.06% and a net margin of 10.76%.The company’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.34 earnings per share. ONE Gas has set its FY 2025 guidance at 4.340-4.400 EPS. On average, research analysts predict that ONE Gas will post 4.26 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have commented on OGS shares. Bank of America lifted their price objective on shares of ONE Gas from $90.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday, December 4th. Weiss Ratings cut shares of ONE Gas from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 5th. UBS Group cut their price target on shares of ONE Gas from $86.00 to $83.00 and set a “neutral” rating on the stock in a report on Wednesday, December 17th. Mizuho raised their price objective on shares of ONE Gas from $87.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 3rd. Finally, Jefferies Financial Group boosted 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. Four investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $85.86.

ONE Gas Company Profile

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.