ONE Gas (OGS) Declares $0.68 Quarterly Dividend, 1.5% Increase
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: seekingalpha
- Dividend Increase: ONE Gas declares a quarterly dividend of $0.68 per share, marking a 1.5% increase from the previous $0.67, demonstrating the company's ongoing commitment to stable cash flow and shareholder returns.
- Yield Performance: The forward yield of 3.46% not only attracts income-seeking investors but also reflects the company's relative appeal in the current market environment, enhancing its investment attractiveness.
- Financial Outlook Adjustment: ONE Gas narrows its 2025 EPS guidance to $4.34 to $4.40, indicating progress in system capacity and capital execution despite facing market challenges, which may influence investor confidence.
- Market Engagement: ONE Gas participates in virtual conferences hosted by Jefferies and Mizuho, showcasing its proactive approach to engaging with investors and highlighting its growth potential in the energy sector.
Analyst Views on OGS
Wall Street analysts forecast OGS stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for OGS is 87.33 USD with a low forecast of 72.00 USD and a high forecast of 99.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Analyst Rating
3 Buy
3 Hold
0 Sell
Moderate Buy
Current: 78.580
Low
72.00
Averages
87.33
High
99.00
Current: 78.580
Low
72.00
Averages
87.33
High
99.00
About OGS
ONE Gas, Inc. is a regulated natural gas distribution utility in the United States. The Company operates through a single segment: regulated public utilities, which deliver natural gas to residential, commercial and transportation customers. The Company provides natural gas distribution services to approximately 2.3 million customers. The Company has three divisions: Oklahoma Natural Gas, Kansas Gas Service and Texas Gas Service. It primarily serves residential, commercial and transportation customers in all three states. The Company’s natural gas distribution markets in terms of customers are Oklahoma City and Tulsa, Oklahoma; Kansas City, Wichita and Topeka, Kansas; and Austin and El Paso, Texas. It distributes natural gas to approximately 89%, 71% and 13% of the natural gas distribution customers in Oklahoma, Kansas and Texas, respectively.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
