ONE Gas, Inc. (NYSE:OGS) Plans Quarterly Dividend of $0.66

ONE Gas, Inc. (NYSE:OGS - Get Free Report) announced a quarterly dividend on Tuesday, May 7th, Wall Street Journal reports. Shareholders of record on Monday, May 20th will be paid a dividend of 0.66 per share by the utilities provider on Tuesday, June 4th. This represents a $2.64 annualized dividend and a yield of 4.07%. The ex-dividend date of this dividend is Friday, May 17th.

ONE Gas has raised its dividend by an average of 6.4% annually over the last three years and has increased its dividend annually for the last 10 consecutive years. ONE Gas has a dividend payout ratio of 63.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect ONE Gas to earn $4.16 per share next year, which means the company should continue to be able to cover its $2.64 annual dividend with an expected future payout ratio of 63.5%.

ONE Gas Stock Down 0.4 %

Shares of OGS traded down $0.25 during midday trading on Tuesday, hitting $64.84. 751,329 shares of the company's stock traded hands, compared to its average volume of 420,612. The company has a current ratio of 0.52, a quick ratio of 0.39 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $3.67 billion, a price-to-earnings ratio of 15.66, a price-to-earnings-growth ratio of 3.39 and a beta of 0.65. ONE Gas has a 1 year low of $55.50 and a 1 year high of $83.89. The firm's fifty day moving average is $63.05 and its 200-day moving average is $61.99.

ONE Gas (NYSE:OGS - Get Free Report) last released its quarterly earnings results on Monday, May 6th. The utilities provider reported $1.75 EPS for the quarter, missing analysts' consensus estimates of $1.78 by ($0.03). ONE Gas had a net margin of 9.75% and a return on equity of 8.63%. The business had revenue of $758.32 million during the quarter, compared to analysts' expectations of $1.05 billion. During the same quarter last year, the business posted $1.84 earnings per share. The company's quarterly revenue was down 26.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that ONE Gas will post 3.86 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have issued reports on OGS. Mizuho raised their price target on shares of ONE Gas from $63.00 to $64.00 and gave the stock a "neutral" rating in a report on Friday, April 19th. Wells Fargo & Company boosted their price target on ONE Gas from $60.00 to $63.00 and gave the company an "equal weight" rating in a research note on Friday, February 23rd. Morgan Stanley increased their price objective on ONE Gas from $57.00 to $58.00 and gave the company an "equal weight" rating in a report on Thursday, March 21st. LADENBURG THALM/SH SH raised ONE Gas from a "neutral" rating to a "buy" rating and set a $64.50 target price for the company in a report on Tuesday, March 5th. Finally, UBS Group began coverage on shares of ONE Gas in a report on Friday, April 12th. They issued a "sell" rating and a $61.00 price target on the stock. Three research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $64.56.

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.