ONE Gas, Inc. (NYSE:OGS) to Issue $0.67 Quarterly Dividend

Key Points

• ONE Gas, Inc. declared a quarterly dividend of $0.67 per share, payable on September 3rd, with a yield of 3.7%.
• The company's current payout ratio is 59.7%, indicating that its dividend is well-covered by earnings, with analysts expecting a future payout ratio of 60.5% based on projected earnings.
• ONE Gas reported a quarterly EPS of $1.98, surpassing analyst estimates, and achieved revenues of $935.19 million, up 23.3% year-over-year.

ONE Gas, Inc. (NYSE:OGS - Get Free Report) announced a quarterly dividend on Monday, August 4th, RTT News reports. Investors of record on Monday, August 18th will be given a dividend of 0.67 per share by the utilities provider on Wednesday, September 3rd. This represents a c) dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Monday, August 18th.

ONE Gas has a payout ratio of 59.7% meaning its dividend is sufficiently covered by earnings. 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 Performance

NYSE OGS traded up $1.24 during trading hours on Wednesday, reaching $73.88. 278,672 shares of the company were exchanged, compared to its average volume of 527,782. ONE Gas has a 1 year low of $66.28 and a 1 year high of $82.25. The business's 50 day simple moving average is $73.10 and its 200-day simple moving average is $73.81. The company has a quick ratio of 0.54, a current ratio of 0.59 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $4.43 billion, a P/E ratio of 17.85, a P/E/G ratio of 3.07 and a beta of 0.82.

ONE Gas (NYSE:OGS - Get Free Report) last issued its earnings results on Tuesday, August 5th. The utilities provider reported $0.53 earnings per share for the quarter, hitting analysts' consensus estimates of $0.53. ONE Gas had a net margin of 10.75% and a return on equity of 8.15%. The firm had revenue of $423.70 million during the quarter, compared to analyst estimates of $432.69 million. During the same quarter last year, the business earned $0.48 earnings per share. The company's quarterly revenue was up 19.7% on a year-over-year basis. On average, equities research analysts expect that ONE Gas will post 4.26 earnings per share for the current year.

Institutional Investors Weigh In On ONE Gas

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. KBC Group NV raised its stake in ONE Gas by 21.6% during the 1st quarter. KBC Group NV now owns 2,697 shares of the utilities provider's stock worth $204,000 after acquiring an additional 479 shares during the period. Teacher Retirement System of Texas raised its position in shares of ONE Gas by 369.2% during the first quarter. Teacher Retirement System of Texas now owns 20,172 shares of the utilities provider's stock valued at $1,525,000 after buying an additional 15,873 shares during the last quarter. GAMMA Investing LLC raised its position in shares of ONE Gas by 102.7% during the first quarter. GAMMA Investing LLC now owns 1,346 shares of the utilities provider's stock valued at $102,000 after buying an additional 682 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of ONE Gas by 1.8% during the first quarter. Principal Financial Group Inc. now owns 178,770 shares of the utilities provider's stock valued at $13,513,000 after buying an additional 3,085 shares during the last quarter. Finally, GSA Capital Partners LLP bought a new stake in shares of ONE Gas during the first quarter valued at approximately $733,000. Institutional investors own 88.71% of the company's stock.

About ONE Gas

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.