ONE Gas Inc Announces Quarterly Dividend of $0.50 (NYSE:OGS)

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ONE Gas Inc (NYSE:OGS) announced a quarterly dividend on Monday, October 28th, Zacks reports. Shareholders of record on Tuesday, November 12th will be given a dividend of 0.50 per share by the utilities provider on Monday, December 2nd. This represents a $2.00 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date of this dividend is Friday, November 8th.

NYSE:OGS traded up $0.06 on Wednesday, reaching $88.86. 4,078 shares of the stock traded hands, compared to its average volume of 167,751. The company has a market capitalization of $4.87 billion, a price-to-earnings ratio of 27.35, a PEG ratio of 4.30 and a beta of 0.26. The company has a current ratio of 0.57, a quick ratio of 0.40 and a debt-to-equity ratio of 0.61. ONE Gas has a 12 month low of $75.51 and a 12 month high of $96.66. The company’s fifty day simple moving average is $94.20 and its 200 day simple moving average is $90.89.

ONE Gas (NYSE:OGS) last released its quarterly earnings data on Monday, October 28th. The utilities provider reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.01). The firm had revenue of $248.56 million for the quarter, compared to the consensus estimate of $254.15 million. ONE Gas had a net margin of 10.83% and a return on equity of 8.63%. During the same quarter in the prior year, the business posted $0.31 earnings per share. Equities analysts anticipate that ONE Gas will post 3.5 EPS for the current fiscal year.

A number of research firms have weighed in on OGS. Morgan Stanley set a $82.00 price objective on shares of ONE Gas and gave the company a “sell” rating in a research note on Friday, August 16th. Mizuho began coverage on shares of ONE Gas in a research note on Wednesday, October 16th. They set a “neutral” rating and a $96.00 price objective for the company. ValuEngine lowered shares of ONE Gas from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, UBS Group upgraded shares of ONE Gas from a “sell” rating to a “neutral” rating and set a $90.00 price objective for the company in a research note on Tuesday, September 10th. Two research analysts have rated the stock with a sell rating and three have given a hold rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $89.33.

In other news, insider Jeffrey J. Husen sold 300 shares of ONE Gas stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $89.64, for a total value of $26,892.00. Following the completion of the sale, the insider now directly owns 1,787 shares in the company, valued at $160,186.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.76% of the company’s stock.

ONE Gas Company Profile

ONE Gas, Inc operates as a regulated natural gas distribution utility company in the United States. The company operates through three divisions: Oklahoma Natural Gas, Kansas Gas Service, and Texas Gas Service. It serves residential, commercial, and industrial and transportation customers, as well as provides natural gas distribution services to wholesale and public authority customers.

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Dividend History for ONE Gas (NYSE:OGS)

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