ONE Gas, Inc. (NYSE:OGS) declared a quarterly dividend on Tuesday, July 25th, Wall Street Journal reports. Shareholders of record on Monday, August 14th will be given a dividend of 0.42 per share by the utilities provider on Friday, September 1st. This represents a $1.68 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date of this dividend is Thursday, August 10th.
ONE Gas has a payout ratio of 56.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect ONE Gas to earn $3.11 per share next year, which means the company should continue to be able to cover its $1.68 annual dividend with an expected future payout ratio of 54.0%.
ONE Gas (NYSE OGS) traded up 0.19% on Wednesday, reaching $72.80. 17,095 shares of the company’s stock were exchanged. The stock has a market cap of $3.82 billion, a price-to-earnings ratio of 25.37 and a beta of 0.11. The firm has a 50 day moving average of $70.67 and a 200-day moving average of $67.66. ONE Gas has a one year low of $55.98 and a one year high of $72.97.
ONE Gas (NYSE:OGS) last announced its quarterly earnings data on Monday, May 1st. The utilities provider reported $1.44 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.35 by $0.09. The business had revenue of $550.41 million during the quarter, compared to analyst estimates of $582.25 million. ONE Gas had a return on equity of 8.02% and a net margin of 10.33%. During the same quarter in the prior year, the firm posted $1.22 earnings per share. Equities research analysts forecast that ONE Gas will post $2.97 EPS for the current fiscal year.
A number of equities research analysts have recently issued reports on the company. Zacks Investment Research raised ONE Gas from a “hold” rating to a “buy” rating and set a $77.00 target price on the stock in a research report on Thursday, July 13th. BidaskClub lowered ONE Gas from a “buy” rating to a “hold” rating in a research report on Saturday, June 24th. Jefferies Group LLC reaffirmed a “sell” rating and set a $59.00 target price on shares of ONE Gas in a research report on Friday, March 31st. Finally, Morgan Stanley boosted their target price on ONE Gas from $68.00 to $70.00 and gave the stock an “underweight” rating in a research report on Monday, May 8th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $65.33.
In other news, Director Michael G. Hutchinson sold 1,000 shares of the business’s stock in a transaction on Monday, May 8th. The stock was sold at an average price of $69.28, for a total transaction of $69,280.00. Following the sale, the director now directly owns 5,838 shares of the company’s stock, valued at $404,456.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.25% of the stock is owned by insiders.
About ONE Gas
ONE Gas, Inc is a regulated natural gas distribution utility in the United States. The Company provides natural gas distribution services. The Company distributes natural gas in Oklahoma, Kansas and Texas. The Company serves residential, commercial and industrial, transportation and wholesale and public authority customers.
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