ONEOK (NYSE:OKE) Issues Earnings Results

ONEOK (NYSE:OKE - Get Free Report) released its quarterly earnings results on Tuesday. The utilities provider reported $1.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.28 by ($0.24), Zacks reports. The firm had revenue of $6.49 billion for the quarter, compared to analyst estimates of $8.23 billion. ONEOK had a return on equity of 16.84% and a net margin of 14.05%. During the same period in the prior year, the business earned $1.09 earnings per share. ONEOK updated its FY 2025 guidance to 5.370-5.370 EPS.

ONEOK Stock Up 2.3 %

Shares of NYSE:OKE traded up $1.84 during midday trading on Friday, hitting $82.77. 5,505,793 shares of the company's stock traded hands, compared to its average volume of 3,216,069. The firm's fifty day moving average price is $90.67 and its two-hundred day moving average price is $98.62. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.59 and a current ratio of 0.81. ONEOK has a twelve month low of $75.48 and a twelve month high of $118.07. The company has a market cap of $51.70 billion, a PE ratio of 17.32, a P/E/G ratio of 3.77 and a beta of 1.20.

ONEOK Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Monday, May 5th will be given a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 4.98%. The ex-dividend date of this dividend is Monday, May 5th. ONEOK's payout ratio is currently 79.69%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in ONEOK stock. Brighton Jones LLC increased its stake in ONEOK, Inc. (NYSE:OKE - Free Report) by 137.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 15,278 shares of the utilities provider's stock after buying an additional 8,834 shares during the quarter. Brighton Jones LLC's holdings in ONEOK were worth $1,534,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 69.13% of the company's stock.

Wall Street Analyst Weigh In

OKE has been the topic of a number of analyst reports. US Capital Advisors upgraded shares of ONEOK from a "moderate buy" rating to a "strong-buy" rating in a research report on Monday, February 3rd. Stifel Nicolaus decreased their price objective on ONEOK from $110.00 to $107.00 and set a "buy" rating on the stock in a report on Thursday. Barclays reduced their target price on ONEOK from $105.00 to $101.00 and set an "equal weight" rating on the stock in a research report on Friday, March 7th. Morgan Stanley lifted their price target on ONEOK from $111.00 to $133.00 and gave the company an "overweight" rating in a report on Tuesday, March 25th. Finally, Scotiabank cut their price objective on shares of ONEOK from $101.00 to $100.00 and set a "sector outperform" rating on the stock in a report on Tuesday, April 29th. Seven analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $105.62.

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.