ONEOK (NYSE:OKE) Issues Earnings Results

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

ONEOK Stock Performance

ONEOK stock traded up $1.84 on Friday, reaching $82.77. 5,505,793 shares of the stock were exchanged, compared to its average volume of 3,216,069. The company has a current ratio of 0.81, a quick ratio of 0.59 and a debt-to-equity ratio of 1.59. ONEOK has a twelve month low of $75.48 and a twelve month high of $118.07. The firm has a fifty day moving average price of $90.67 and a two-hundred day moving average price of $98.62. The stock has a market cap of $51.70 billion, a PE ratio of 17.32, a PEG ratio of 3.77 and a beta of 1.20.

ONEOK Announces Dividend

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 issued a dividend of $1.03 per share. The ex-dividend date of this dividend is Monday, May 5th. This represents a $4.12 annualized dividend and a yield of 4.98%. ONEOK's dividend payout ratio (DPR) is presently 79.69%.

Analysts Set New Price Targets

OKE has been the topic of several recent analyst reports. Citigroup started coverage on ONEOK in a research note on Friday, February 28th. They set a "buy" rating and a $110.00 target price on the stock. 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. Scotiabank decreased their price target on ONEOK from $101.00 to $100.00 and set a "sector outperform" rating for the company in a research report on Tuesday, April 29th. Barclays reduced their price target on shares of ONEOK from $105.00 to $101.00 and set an "equal weight" rating for the company in a research report on Friday, March 7th. Finally, Morgan Stanley raised their price objective on ONEOK from $111.00 to $133.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 25th. Seven equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $105.62.

Hedge Funds Weigh In On ONEOK

A hedge fund recently raised its stake in ONEOK stock. Brighton Jones LLC grew its stake in ONEOK, Inc. (NYSE:OKE - Free Report) by 137.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,278 shares of the utilities provider's stock after purchasing an additional 8,834 shares during the period. Brighton Jones LLC's holdings in ONEOK were worth $1,534,000 as of its most recent SEC filing. Hedge funds and other 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.