ONE Gas, Inc. (NYSE:OGS – Get Free Report) announced a quarterly dividend on Monday, July 15, The Wall Street Journal reports. Investors of record on Wednesday, August 14th will receive a dividend of 0.66 per share from the utility company on Friday, August 30th. This represents an annualized dividend of $2.64 and a yield of 3.90%. The ex-dividend date of this dividend is Wednesday, August 14th.
ONE Gas has increased its dividend payout by an average of 6.4% annually over the past three years. ONE Gas has a payout ratio of 63.8%, meaning the dividend is adequately covered by earnings. Analysts expect ONE Gas to generate $4.16 per share next year. This means the company should continue to be able to cover its annual dividend of $2.64 with an expected future payout ratio of 63.5%.
Performance of ONE Gas shares
NYSE OGS opened at $67.70 on Monday. ONE Gas has a 52-week low of $55.50 and a 52-week high of $77.04. The company has a 50-day moving average of $64.64 and a 200-day moving average of $63.07. The company has a debt-to-equity ratio of 0.76, a cash-to-equity 1.0 ratio of 0.39, and a cash-to-equity 2.0 ratio of 0.47. The company has a market cap of $3.83 billion, a P/E ratio of 16.72, a price-to-earnings-growth ratio of 3.62, and a beta of 0.66.
ONE Gas (NYSE:OGS – Get Free Report) last released its quarterly earnings results on Monday, August 5. The utility provider reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). ONE Gas had a return on equity of 8.37% and a net margin of 10.86%. The company posted revenue of $354.14 million for the quarter, compared to analysts’ expectations of $362.06 million. In the same quarter last year, the company reported earnings per share of $0.58. The company’s quarterly revenue declined 11.0% year-over-year. On average, research analysts forecast that ONE Gas will post earnings per share of $3.85 for the current year.
Upgrades and downgrades by analysts
Several research firms have recently commented on OGS. Morgan Stanley decreased their price target on shares of ONE Gas from $61.00 to $58.00 and gave the company an “equal weight” rating in a research note on Monday, June 24th. Mizuho increased their price target on shares of ONE Gas from $64.00 to $65.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 5th. Wells Fargo & Company increased their price target on shares of ONE Gas from $68.00 to $71.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 7th. Finally, StockNews.com downgraded shares of ONE Gas from a “hold” rating to a “sell” rating in a research note on Saturday, July 20th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $65.69.
Check out our latest stock analysis on ONE Gas
ONE Gas Company Profile
(Get free report)
ONE Gas, Inc., together with its subsidiaries, is a regulated natural gas utility in the United States. The company supplies natural gas to approximately 2.3 million customers in Oklahoma, Kansas and Texas. It serves residential, commercial and transportation customers.
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