ONEOK, Inc. (NYSE:OKE - Free Report) - Equities research analysts at US Capital Advisors increased their FY2025 earnings per share estimates for shares of ONEOK in a note issued to investors on Monday, April 28th. US Capital Advisors analyst J. Carreker now expects that the utilities provider will earn $5.97 per share for the year, up from their prior estimate of $5.96. US Capital Advisors currently has a "Strong-Buy" rating on the stock. The consensus estimate for ONEOK's current full-year earnings is $5.07 per share.
A number of other equities analysts have also recently issued reports on OKE. Stifel Nicolaus cut their target price on shares of ONEOK from $110.00 to $107.00 and set a "buy" rating for the company in a research report on Thursday. Scotiabank reduced their target price on ONEOK from $101.00 to $100.00 and set a "sector outperform" rating on the stock in a research note on Tuesday, April 29th. Morgan Stanley increased their target price on ONEOK from $111.00 to $133.00 and gave the company an "overweight" rating in a report on Tuesday, March 25th. Barclays cut their price target on ONEOK from $105.00 to $101.00 and set an "equal weight" rating for the company in a report on Friday, March 7th. Finally, Citigroup initiated coverage on ONEOK in a research note on Friday, February 28th. They set a "buy" rating and a $110.00 price objective on the stock. Seven research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $105.62.
View Our Latest Stock Report on ONEOK
ONEOK Price Performance
Shares of OKE stock traded up $1.84 during mid-day trading on Tuesday, reaching $82.77. The stock had a trading volume of 5,505,793 shares, compared to its average volume of 3,216,069. ONEOK has a 12-month low of $75.48 and a 12-month high of $118.07. The company has a current ratio of 0.81, a quick ratio of 0.59 and a debt-to-equity ratio of 1.59. The business has a 50-day simple moving average of $90.67 and a 200 day simple moving average of $98.62. The company has a market cap of $51.70 billion, a P/E ratio of 17.32, a price-to-earnings-growth ratio of 3.77 and a beta of 1.20.
ONEOK (NYSE:OKE - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The utilities provider reported $1.04 earnings per share for the quarter, missing the consensus estimate of $1.28 by ($0.24). The firm had revenue of $6.49 billion during the quarter, compared to analysts' expectations of $8.23 billion. ONEOK had a net margin of 14.05% and a return on equity of 16.84%. During the same period in the previous year, the business earned $1.09 earnings per share.
ONEOK Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Monday, May 5th will be paid a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 4.98%. The ex-dividend date of this dividend is Monday, May 5th. ONEOK's dividend payout ratio is currently 79.69%.
Hedge Funds Weigh In On ONEOK
A number of hedge funds have recently made changes to their positions in OKE. Astoria Portfolio Advisors LLC. boosted its holdings in ONEOK by 4.1% in the fourth quarter. Astoria Portfolio Advisors LLC. now owns 2,453 shares of the utilities provider's stock valued at $260,000 after acquiring an additional 96 shares during the last quarter. McAdam LLC lifted its stake in shares of ONEOK by 3.8% in the 4th quarter. McAdam LLC now owns 2,612 shares of the utilities provider's stock valued at $262,000 after purchasing an additional 96 shares in the last quarter. Alliance Wealth Advisors LLC grew its holdings in shares of ONEOK by 0.8% during the 4th quarter. Alliance Wealth Advisors LLC now owns 12,569 shares of the utilities provider's stock worth $1,262,000 after purchasing an additional 100 shares during the period. Mutual Advisors LLC increased its position in ONEOK by 1.2% during the 4th quarter. Mutual Advisors LLC now owns 8,883 shares of the utilities provider's stock worth $965,000 after purchasing an additional 103 shares in the last quarter. Finally, Morton Capital Management LLC CA raised its holdings in ONEOK by 1.4% in the fourth quarter. Morton Capital Management LLC CA now owns 7,313 shares of the utilities provider's stock valued at $734,000 after buying an additional 104 shares during the period. Institutional investors and hedge funds own 69.13% of the company's stock.
About ONEOK
(
Get Free Report)
ONEOK, Inc engages in gathering, processing, fractionation, storage, transportation, and marketing of natural gas and natural gas liquids (NGL) in the United States. It operates through four segments: Natural Gas Gathering and Processing, Natural Gas Liquids, Natural Gas Pipelines, and Refined Products and Crude.
Further Reading
Before you consider ONEOK, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ONEOK wasn't on the list.
While ONEOK currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
