FY2025 Earnings Estimate for ONEOK Issued By Seaport Res Ptn

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

OKE has been the subject of a number of other research reports. US Capital Advisors raised ONEOK from a "moderate buy" rating to a "strong-buy" rating in a report on Monday, February 3rd. Stifel Nicolaus lowered their target price on shares of ONEOK from $110.00 to $107.00 and set a "buy" rating on the stock in a research note on Thursday. Citigroup assumed coverage on shares of ONEOK in a research report on Friday, February 28th. They issued a "buy" rating and a $110.00 target price for the company. Wolfe Research upgraded shares of ONEOK from a "peer perform" rating to an "outperform" rating and set a $110.00 price target on the stock in a research report on Monday, February 10th. Finally, Wells Fargo & Company cut their price objective on shares of ONEOK from $102.00 to $93.00 and set an "equal weight" rating for the company in a report on Thursday. Seven analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $105.62.

ONEOK Price Performance

Shares of OKE stock traded up $1.84 during trading hours on Thursday, hitting $82.77. 5,505,793 shares of the company's stock were exchanged, compared to its average volume of 3,216,069. ONEOK has a fifty-two week low of $75.48 and a fifty-two week high of $118.07. The firm has a market cap of $51.70 billion, a P/E ratio of 17.32, a P/E/G ratio of 3.77 and a beta of 1.20. The company has a quick ratio of 0.59, a current ratio of 0.81 and a debt-to-equity ratio of 1.59. The firm has a 50 day moving average of $90.67 and a two-hundred day moving average of $98.62.

ONEOK (NYSE:OKE - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The utilities provider reported $1.04 earnings per share 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 company had revenue of $6.49 billion for the quarter, compared to analyst estimates of $8.23 billion. During the same period in the prior year, the business posted $1.09 earnings per share.

ONEOK Dividend Announcement

The company 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. The ex-dividend date of this dividend is Monday, May 5th. This represents a $4.12 dividend on an annualized basis and a yield of 4.98%. ONEOK's dividend payout ratio (DPR) is 79.69%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of OKE. Norges Bank purchased a new position in shares of ONEOK during the 4th quarter worth about $539,554,000. Wellington Management Group LLP boosted its holdings in shares of ONEOK by 433.4% in the 4th quarter. Wellington Management Group LLP now owns 4,206,906 shares of the utilities provider's stock valued at $422,373,000 after purchasing an additional 3,418,207 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of ONEOK by 240.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,790,760 shares of the utilities provider's stock valued at $280,194,000 after buying an additional 1,971,147 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of ONEOK during the 4th quarter worth $182,694,000. Finally, ClearBridge Investments Ltd purchased a new position in shares of ONEOK in the 4th quarter worth $177,045,000. 69.13% of the stock is currently owned by institutional investors and hedge funds.

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.