| ONE Gas Raises Q1 Dividend Rate by 5%, Gives 2016 View | |
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The increased rate raises the company’s annual dividend to $1.40 per share, which reflects a yield of 2.71% based on the closing share price of $51.65 on Jan 19, 2016. The company’s attempt to maximize shareholder wealth is evident from its projected targets. The company projects average dividend growth in the range of 8% to 10% annually from 2015 through 2020. The company also aims at a payout ratio of 55% to 65% of net income between 2015 and 2020, subject to its board’s approval. Tulsa, OK-based ONE Gas, previously a unit of ONEOK Inc. OKE, is a regulated utility provider. In Jan 2014, the company was officially separated from ONEOK and has been operating independently ever since. ONE Gas offers natural gas distribution services to over 2 million residential, commercial, industrial, transportation and wholesale customers. The company has a significant presence in Kansas, Oklahoma and Texas. ONE Gas has also provided its outlook for 2015 and 2016. The utility expects 2016 net income to be between $127 million and $137 million with earnings of $2.40–$2.60 per share. The guidance takes into account an expanding residential customer base and new rates, which the company anticipates will grow at an average of 5% per year from 2015 to 2020. However, these positives are partly offset by higher depreciation expense and employee-related costs. Net income is project to grow between 5–8% per year from 2015 to 2020. ONE Gas plans to invest $305 million in 2016 as capital expenditure. This includes a significant portion allocated for system replacement and integrity ventures. Disciplined investments in infrastructure projects will allow the company to serve more customers. ONE Gas increased its net income guidance for 2015 to $118–$120 million from the earlier estimate of $113–$118 million, primarily owing to lower-than-expected operating expenses. Zacks Rank ONE Gas currently carries a Zacks Rank #3 (Hold). A couple of better-ranked stocks in the same industry include AGL Resources Inc. GAS and Clean Energy Fuels Corp. CLNE, each sporting a Zacks Rank #1 (Strong Buy). Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report ONEOK INC (OKE): Free Stock Analysis Report AGL RESOURCES (GAS): Free Stock Analysis Report CLEAN EGY FUELS (CLNE): Free Stock Analysis Report ONE GAS INC (OGS): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research
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Oneok Inc.
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CODE : OKE |
ISIN : US6826801036 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Oneok Inc. est une société basée aux Etats-Unis D'Amerique. Oneok Inc. est cotée aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 39,3 milliards US$ (36,1 milliards €). La valeur de son action a atteint son plus bas niveau récent le 04 mai 1990 à 1,43 US$, et son plus haut niveau récent le 14 octobre 2024 à 96,87 US$. Oneok Inc. possède 410 634 227 actions en circulation. |