ONEOK (NYSE:OKE) Announces Quarterly Earnings Results

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

ONEOK Price Performance

Shares of OKE traded up $1.62 during mid-day trading on Friday, reaching $82.55. The company had a trading volume of 2,662,738 shares, compared to its average volume of 3,199,211. The company's 50 day simple moving average is $90.93 and its 200 day simple moving average is $98.68. The company has a market capitalization of $51.56 billion, a price-to-earnings ratio of 17.25, a P/E/G ratio of 3.77 and a beta of 1.20. ONEOK has a 1-year low of $75.48 and a 1-year high of $118.07. 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 Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Monday, May 5th will be given a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 4.99%. The ex-dividend date of this dividend is Monday, May 5th. ONEOK's dividend payout ratio is presently 79.69%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. US Capital Advisors raised ONEOK from a "moderate buy" rating to a "strong-buy" rating in a research report on Monday, February 3rd. Scotiabank cut their price target on ONEOK from $101.00 to $100.00 and set a "sector outperform" rating for the company in a report on Tuesday. Barclays lowered their target price on ONEOK from $105.00 to $101.00 and set an "equal weight" rating for the company in a research note on Friday, March 7th. Wells Fargo & Company dropped their price target on shares of ONEOK from $102.00 to $93.00 and set an "equal weight" rating for the company in a research note on Thursday. Finally, Morgan Stanley upped their price objective on ONEOK from $111.00 to $133.00 and gave the company an "overweight" rating in a report on Tuesday, March 25th. Seven investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $105.62.

Institutional Trading of ONEOK

An institutional investor recently raised its position in ONEOK stock. Brighton Jones LLC grew its position in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 137.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,278 shares of the utilities provider's stock after purchasing 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 SEC filing. 69.13% of the stock is owned by hedge funds and other institutional investors.

ONEOK Company Profile

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.