FY2025 Earnings Forecast for ONEOK Issued By Seaport Res Ptn

ONEOK, Inc. (NYSE:OKE - Free Report) - Equities researchers at Seaport Res Ptn lifted their FY2025 earnings per share estimates for shares of ONEOK in a research report issued to clients and investors on Monday, April 28th. Seaport Res Ptn analyst S. Sibal now anticipates that the utilities provider will post earnings of $5.47 per share for the year, up from their prior estimate of $5.42. The consensus estimate for ONEOK's current full-year earnings is $5.07 per share.

ONEOK (NYSE:OKE - Get Free Report) last posted its earnings results on Tuesday, April 29th. The utilities provider reported $1.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.28 by ($0.24). ONEOK had a return on equity of 16.84% and a net margin of 14.05%. The firm had revenue of $6.49 billion during the quarter, compared to the consensus estimate of $8.23 billion. During the same quarter in the previous year, the company earned $1.09 EPS.

Other equities analysts have also issued reports about the company. Barclays reduced their price objective on ONEOK from $105.00 to $101.00 and set an "equal weight" rating for the company in a report on Friday, March 7th. Citigroup cut their target price on ONEOK from $110.00 to $102.00 and set a "buy" rating for the company in a research note on Tuesday. Morgan Stanley increased 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. Wells Fargo & Company cut 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, May 1st. Finally, US Capital Advisors raised shares of ONEOK from a "moderate buy" rating to a "strong-buy" rating in a research note on Monday, February 3rd. Seven 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 company. Based on data from MarketBeat, ONEOK currently has an average rating of "Moderate Buy" and an average price target of $105.00.

ONEOK Stock Performance

Shares of OKE stock traded down $0.86 during trading on Thursday, hitting $79.29. The company's stock had a trading volume of 1,957,840 shares, compared to its average volume of 3,212,816. The business has a fifty day moving average of $90.36 and a 200-day moving average of $98.52. 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 52 week low of $75.48 and a 52 week high of $118.07. The company has a market cap of $49.53 billion, a PE ratio of 16.59, a P/E/G ratio of 3.77 and a beta of 1.01.

ONEOK Dividend Announcement

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 issued a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 5.20%. The ex-dividend date of this dividend is Monday, May 5th. ONEOK's payout ratio is 80.47%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Kieckhefer Group LLC bought a new position in ONEOK during the fourth quarter valued at approximately $30,000. Greenline Partners LLC purchased a new position in shares of ONEOK in the fourth quarter valued at about $32,000. First Pacific Financial bought a new position in shares of ONEOK during the 1st quarter valued at about $34,000. Vermillion Wealth Management Inc. bought a new position in ONEOK during the fourth quarter valued at approximately $37,000. Finally, Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of ONEOK in the fourth quarter valued at $39,000. 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.