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

ONE Gas, Inc. (NYSE:OGS) declared a quarterly dividend on Monday, November 3rd. Stockholders of record on Friday, November 14th will be paid a dividend of 0.67 per share by the utilities provider on Monday, December 1st. This represents a c) annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend is Friday, November 14th.

ONE Gas has increased 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 dividend payout ratio of 59.7% indicating that its dividend is sufficiently covered by earnings. Equities 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 Price Performance

Shares of NYSE OGS opened at $80.23 on Tuesday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.42 and a current ratio of 0.52. The firm has a fifty day moving average of $78.71 and a 200 day moving average of $76.01. The firm has a market cap of $4.81 billion, a PE ratio of 19.07, a PEG ratio of 3.17 and a beta of 0.85. ONE Gas has a one year low of $66.38 and a one year high of $83.39.

ONE Gas (NYSE:OGS) last announced its earnings results on Monday, November 3rd. The utilities provider reported $0.44 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.44. ONE Gas had a net margin of 10.63% and a return on equity of 8.07%. The business had revenue of $379.13 million for the quarter, compared to analyst estimates of $404.19 million. During the same quarter last year, the business earned $0.34 earnings per share. The company’s revenue for the quarter was up 11.4% compared to the same quarter last year. ONE Gas has set its FY 2025 guidance at 4.340-4.400 EPS. As a group, research analysts predict that ONE Gas will post 4.26 EPS for the current fiscal year.

Institutional Trading of ONE Gas

Hedge funds have recently made changes to their positions in the company. Caldwell Trust Co purchased a new stake in shares of ONE Gas in the 2nd quarter valued at approximately $33,000. Daiwa Securities Group Inc. purchased a new position in shares of ONE Gas during the 2nd quarter worth approximately $50,000. Avalon Trust Co purchased a new position in shares of ONE Gas during the 2nd quarter worth approximately $51,000. UMB Bank n.a. boosted its position in shares of ONE Gas by 36.1% during the 2nd quarter. UMB Bank n.a. now owns 856 shares of the utilities provider’s stock worth $62,000 after purchasing an additional 227 shares during the period. Finally, Hantz Financial Services Inc. boosted its position in shares of ONE Gas by 5,362.5% during the 2nd quarter. Hantz Financial Services Inc. now owns 874 shares of the utilities provider’s stock worth $63,000 after purchasing an additional 858 shares during the period. Hedge funds and other institutional investors own 88.71% of the company’s stock.

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.