ONE Gas, Inc. (NYSE:OGS) declared a quarterly dividend on Tuesday, October 31st, Wall Street Journal reports. Investors of record on Monday, November 13th will be given a dividend of 0.42 per share by the utilities provider on Friday, December 1st. This represents a $1.68 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date is Friday, November 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 $3.13 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 53.7%.

ONE Gas (OGS) opened at 77.08 on Wednesday. The company has a market cap of $4.03 billion, a P/E ratio of 26.86 and a beta of 0.10. ONE Gas has a 52-week low of $56.64 and a 52-week high of $78.26. The company has a 50-day moving average of $74.81 and a 200-day moving average of $72.30.

ONE Gas (NYSE:OGS) last released its quarterly earnings data on Monday, October 30th. The utilities provider reported $0.36 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.08. ONE Gas had a net margin of 10.42% and a return on equity of 8.23%. The firm had revenue of $247.14 million for the quarter, compared to the consensus estimate of $242.75 million. During the same quarter in the prior year, the company posted $0.24 earnings per share. On average, equities research analysts expect that ONE Gas will post $2.99 earnings per share for the current fiscal year.

OGS has been the topic of several research reports. Zacks Investment Research downgraded shares of ONE Gas from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. BidaskClub upgraded shares of ONE Gas from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Morgan Stanley upped their price objective on shares of ONE Gas from $68.00 to $72.00 and gave the stock an “underperform” rating in a report on Thursday, August 10th. Jefferies Group LLC restated a “sell” rating and set a $62.00 price objective on shares of ONE Gas in a report on Sunday, September 10th. Finally, UBS AG downgraded shares of ONE Gas from a “neutral” rating to a “sell” rating and upped their price objective for the stock from $71.00 to $72.00 in a report on Monday, October 2nd. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $67.50.

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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.

Dividend History for ONE Gas (NYSE:OGS)

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