ONE Gas, Inc. (NYSE:OGS) Shareholders Set to Receive $0.68 Quarterly Dividend

ONE Gas, Inc. (NYSE:OGS – Get Free Report) announced a quarterly dividend on Monday, November 2nd. Shareholders of record on Monday, November 16th will be given a dividend of $0.68 per share by the utilities provider on Thursday, December 3rd. This represents a $2.72 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Monday, November 16th.

ONE Gas has a dividend payout ratio of 60.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect ONE Gas to earn $5.03 per share next year, which means the company should continue to be able to cover its $2.72 annual dividend with an expected future payout ratio of 54.1%.

ONE Gas Price Performance

OGS opened at $79.88 on Tuesday. ONE Gas has a 1 year low of $70.37 and a 1 year high of $90.78. The company’s 50 day simple moving average is $76.22 and its 200 day simple moving average is $80.82. The stock has a market capitalization of $5.02 billion, a PE ratio of 17.22, a P/E/G ratio of 2.04 and a beta of 0.64. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.37 and a current ratio of 0.48.

ONE Gas (NYSE:OGS – Get Free Report) last posted its quarterly earnings results on Monday, November 2nd. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.05. The firm had revenue of $391.31 million during the quarter, compared to the consensus estimate of $398.23 million. ONE Gas had a return on equity of 8.81% and a net margin of 12.47%. The firm’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.44 earnings per share. As a group, sell-side analysts expect that ONE Gas will post 4.91 EPS for the current year.

Institutional Trading of ONE Gas

Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new position in ONE Gas in the second quarter worth about $701,266,000. Energy Income Partners LLC acquired a new position in ONE Gas in the second quarter valued at approximately $135,948,000. Bank of New York Mellon Corp grew its holdings in shares of ONE Gas by 2.2% during the first quarter. Bank of New York Mellon Corp now owns 763,877 shares of the utilities provider’s stock valued at $65,793,000 after purchasing an additional 16,697 shares during the last quarter. Bank of America Corp DE bought a new position in shares of ONE Gas during the second quarter valued at approximately $44,011,000. Finally, Legal & General Group Plc bought a new position in shares of ONE Gas during the second quarter valued at approximately $23,103,000. 88.71% of the stock is owned by institutional investors and hedge funds.

ONE Gas Company Profile

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Further Reading

Dividend History for ONE Gas (NYSE:OGS)

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