ONEOK (NYSE:OKE) Updates FY 2025 Earnings Guidance

Key Points

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ONEOK (NYSE:OKE - Get Free Report) issued an update on its FY 2025 earnings guidance on Monday morning. The company provided earnings per share guidance of 5.370-5.370 for the period, compared to the consensus earnings per share estimate of 5.434. The company issued revenue guidance of -.

ONEOK Trading Up 1.1%

Shares of OKE stock traded up $0.86 during trading on Monday, hitting $79.85. 3,435,483 shares of the stock traded hands, compared to its average volume of 3,957,355. The firm has a market capitalization of $50.27 billion, a P/E ratio of 15.60, a price-to-earnings-growth ratio of 1.87 and a beta of 0.99. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.67 and a quick ratio of 0.52. ONEOK has a 52-week low of $75.47 and a 52-week high of $118.07. The firm's fifty day moving average price is $81.42 and its 200-day moving average price is $88.50.

ONEOK (NYSE:OKE - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The utilities provider reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.03. ONEOK had a net margin of 12.15% and a return on equity of 15.58%. As a group, research analysts forecast that ONEOK will post 5.07 earnings per share for the current fiscal year.

ONEOK Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 14th. Stockholders of record on Friday, August 1st will be given a $1.03 dividend. The ex-dividend date is Friday, August 1st. This represents a $4.12 annualized dividend and a dividend yield of 5.2%. ONEOK's dividend payout ratio is currently 80.47%.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Scotiabank set a $92.00 target price on shares of ONEOK and gave the stock a "sector outperform" rating in a research report on Tuesday, July 15th. Wells Fargo & Company reduced their target price 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, May 1st. JPMorgan Chase & Co. increased their target price on shares of ONEOK from $94.00 to $97.00 and gave the company an "overweight" rating in a research note on Thursday, July 3rd. Barclays cut their price target on shares of ONEOK from $101.00 to $91.00 and set an "equal weight" rating on the stock in a report on Tuesday, June 3rd. Finally, Royal Bank Of Canada dropped their price objective on shares of ONEOK from $100.00 to $94.00 and set a "sector perform" rating on the stock in a research note on Friday. Six investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $104.57.

Institutional Trading of ONEOK

Hedge funds have recently bought and sold shares of the stock. Acadian Asset Management LLC bought a new stake in ONEOK during the 1st quarter worth about $216,000. Brighton Jones LLC raised its holdings in shares of ONEOK by 137.1% in the fourth quarter. Brighton Jones LLC now owns 15,278 shares of the utilities provider's stock valued at $1,534,000 after purchasing an additional 8,834 shares during the last quarter. Finally, Empowered Funds LLC increased its holdings in ONEOK by 0.8% during the first quarter. Empowered Funds LLC now owns 17,957 shares of the utilities provider's stock worth $1,782,000 after buying an additional 137 shares during the last quarter. 69.13% of the stock is owned by institutional investors.

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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