ONE Gas, Inc. (OGS) to Issue Quarterly Dividend of $0.67 on December 1st

ONE Gas, Inc. (NYSE:OGS) announced a quarterly dividend on Monday, November 3rd. Stockholders of record on Friday, November 14th will be given 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 of this dividend is Friday, November 14th.

ONE Gas has raised its dividend payment by an average of 0.1%annually over the last three years and has increased 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 Up 0.5%

ONE Gas stock opened at $81.93 on Wednesday. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.52 and a quick ratio of 0.42. The stock has a market capitalization of $4.92 billion, a price-to-earnings ratio of 19.10, a PEG ratio of 3.22 and a beta of 0.85. ONE Gas has a 1-year low of $66.38 and a 1-year high of $83.39. The business has a fifty day moving average price of $78.84 and a 200-day moving average price of $76.05.

ONE Gas (NYSE:OGS) last posted its quarterly earnings data on Monday, November 3rd. The utilities provider reported $0.44 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.44. The firm had revenue of $379.13 million during the quarter, compared to analysts’ expectations of $404.19 million. ONE Gas had a return on equity of 8.07% and a net margin of 10.76%.The business’s quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.34 EPS. ONE Gas has set its FY 2025 guidance at 4.340-4.400 EPS. Equities research analysts forecast that ONE Gas will post 4.26 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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