ONEOK (NYSE:OKE) Hits New 12-Month Low - Should You Sell?

Key Points

• ONEOK shares hit a new 52-week low of $70.48, reflecting a significant decline as analysts adjust price targets downward, with Barclays setting a new target of $78.00.
• Despite recent struggles, ONEOK reported strong quarterly earnings with an EPS of $1.34, exceeding expectations and projecting FY 2025 guidance at $5.37.
• The company also announced a quarterly dividend of $1.03 per share, resulting in a **dividend yield of 5.8%** and a payout ratio of 80.31%.

Shares of ONEOK, Inc. (NYSE:OKE - Get Free Report) hit a new 52-week low on Friday . The stock traded as low as $70.62 and last traded at $70.48, with a volume of 996175 shares. The stock had previously closed at $71.25.

Analysts Set New Price Targets

OKE has been the topic of several recent research reports. Barclays reduced their price target on ONEOK from $83.00 to $78.00 and set an "equal weight" rating on the stock in a research note on Thursday. The Goldman Sachs Group initiated coverage on ONEOK in a research note on Tuesday, September 30th. They issued a "neutral" rating and a $75.00 price target on the stock. Morgan Stanley reduced their price target on ONEOK from $122.00 to $110.00 and set an "overweight" rating on the stock in a research note on Tuesday, August 26th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of ONEOK in a research note on Wednesday. Finally, TD Cowen initiated coverage on ONEOK in a research note on Monday, July 7th. They issued a "hold" rating and a $91.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $98.69.

ONEOK Stock Performance

The company has a quick ratio of 0.46, a current ratio of 0.59 and a debt-to-equity ratio of 1.35. The stock has a market capitalization of $44.36 billion, a P/E ratio of 13.74, a P/E/G ratio of 1.78 and a beta of 1.01. The business has a fifty day moving average price of $73.87 and a 200-day moving average price of $80.32.

ONEOK (NYSE:OKE - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The utilities provider reported $1.34 EPS for the quarter, beating the consensus estimate of $1.33 by $0.01. ONEOK had a return on equity of 14.90% and a net margin of 11.06%.The company had revenue of $8.21 billion for the quarter, compared to analysts' expectations of $7.20 billion. During the same period last year, the firm posted $1.33 earnings per share. ONEOK has set its FY 2025 guidance at 5.370-5.370 EPS. On average, sell-side analysts expect that ONEOK, Inc. will post 5.07 EPS for the current year.

ONEOK Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Friday, August 1st were given a dividend of $1.03 per share. The ex-dividend date of this dividend was Friday, August 1st. This represents a $4.12 annualized dividend and a dividend yield of 5.8%. ONEOK's dividend payout ratio (DPR) is 80.31%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. First Pacific Financial bought a new position in ONEOK in the first quarter valued at about $34,000. Financial Network Wealth Advisors LLC lifted its holdings in ONEOK by 2,466.7% in the first quarter. Financial Network Wealth Advisors LLC now owns 385 shares of the utilities provider's stock valued at $38,000 after acquiring an additional 370 shares during the period. Global Wealth Strategies & Associates bought a new position in ONEOK in the third quarter valued at about $29,000. MorganRosel Wealth Management LLC bought a new position in ONEOK in the first quarter valued at about $39,000. Finally, Financial Gravity Asset Management Inc. bought a new position in ONEOK in the first quarter valued at about $40,000. Institutional investors own 69.13% of the company's stock.

About ONEOK

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.

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