US Capital Advisors Increases Earnings Estimates for ONEOK

Key Points

• US Capital Advisors raised its FY2028 EPS estimate for ONEOK to $6.82 from $6.80, a small upward revision signaling modest analyst confidence in the company's longer‑term earnings power.
• ONEOK's Q1 results showed EPS of $1.23 (miss) versus a $1.29 consensus while revenue of $9.62 billion beat expectations, and management raised 2026 profit guidance but set FY2026 EPS at $5.53—below some analysts' ~$5.65–5.70 estimates, leaving mixed investor sentiment.
• The company declared a quarterly dividend of $1.07 (annualized yield ~4.8%), shares trade near $90, and analysts hold a consensus "Moderate Buy" with an average target of about $89.69.

ONEOK, Inc. (NYSE:OKE - Free Report) - Equities research analysts at US Capital Advisors increased their FY2028 earnings per share estimates for ONEOK in a research note issued to investors on Monday, April 27th. US Capital Advisors analyst J. Carreker now forecasts that the utilities provider will earn $6.82 per share for the year, up from their prior estimate of $6.80. The consensus estimate for ONEOK's current full-year earnings is $5.65 per share.

ONEOK (NYSE:OKE - Get Free Report) last announced its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $1.23 earnings per share for the quarter, missing analysts' consensus estimates of $1.29 by ($0.06). The firm had revenue of $9.62 billion during the quarter, compared to analyst estimates of $8.56 billion. ONEOK had a net margin of 10.09% and a return on equity of 15.29%. During the same period in the prior year, the company posted $1.04 earnings per share. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS.

A number of other research analysts have also weighed in on OKE. Barclays increased their price objective on ONEOK from $76.00 to $82.00 and gave the company an "equal weight" rating in a report on Thursday, March 5th. Jefferies Financial Group upped their target price on ONEOK from $98.00 to $100.00 and gave the stock a "buy" rating in a research note on Wednesday, April 8th. JPMorgan Chase & Co. downgraded ONEOK from an "overweight" rating to a "neutral" rating and lowered their target price for the stock from $87.00 to $83.00 in a research note on Tuesday, January 27th. Morgan Stanley upped their target price on ONEOK from $104.00 to $113.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 7th. Finally, Wolfe Research downgraded ONEOK from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, February 25th. Nine research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $89.69.

ONEOK Stock Up 2.4%

Shares of OKE stock opened at $89.88 on Wednesday. The stock's 50-day simple moving average is $86.95 and its 200-day simple moving average is $78.11. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.56 and a current ratio of 0.71. The firm has a market capitalization of $56.63 billion, a PE ratio of 16.58, a P/E/G ratio of 6.49 and a beta of 0.84. ONEOK has a fifty-two week low of $64.02 and a fifty-two week high of $95.30.

ONEOK Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Monday, May 4th will be given a dividend of $1.07 per share. The ex-dividend date is Monday, May 4th. This represents a $4.28 dividend on an annualized basis and a yield of 4.8%. ONEOK's dividend payout ratio is currently 78.97%.

Hedge Funds Weigh In On ONEOK

Hedge funds have recently bought and sold shares of the business. Zions Bancorporation National Association UT boosted its position in ONEOK by 73.3% during the fourth quarter. Zions Bancorporation National Association UT now owns 338 shares of the utilities provider's stock worth $25,000 after purchasing an additional 143 shares in the last quarter. City Holding Co. purchased a new position in ONEOK during the third quarter worth approximately $28,000. Winnow Wealth LLC purchased a new position in ONEOK during the third quarter worth approximately $28,000. Financial Consulate Inc. purchased a new position in ONEOK during the third quarter worth approximately $29,000. Finally, Elyxium Wealth LLC purchased a new position in ONEOK during the fourth quarter worth approximately $29,000. Hedge funds and other institutional investors own 69.13% of the company's stock.

Key Headlines Impacting ONEOK

Here are the key news stories impacting ONEOK this week:

• Positive Sentiment: ONEOK reported higher first‑quarter results, including a 12% increase in net income and a 13% rise in adjusted EBITDA, driven by higher volumes across NGLs, gas processing and pipelines. This operational strength is a primary catalyst for the rally. GlobeNewsWire: ONEOK Q1 results
• Positive Sentiment: Management raised ONEOK’s 2026 profit forecast after the quarter, citing higher volumes — investors view the guidance raise as evidence of durable demand in midstream markets. Reuters: ONEOK raises 2026 profit forecast
• Positive Sentiment: Several outlets flagged EPS/revenue beats or upside vs recent estimates (Zacks, Yahoo summary), which supports the positive momentum. Zacks: Q1 EPS beat Yahoo Finance: Q1 summary
• Positive Sentiment: An analyst update nudged longer‑term estimates slightly higher — US Capital Advisors raised its FY2028 EPS forecast to $6.82, a small vote of confidence about future earnings power. MarketBeat: analyst update
• Neutral Sentiment: Sector commentary notes ONEOK alongside peers as an early read on pipeline and export demand for the midstream earnings season — useful context but not company‑specific news. Seeking Alpha: sector context
• Neutral Sentiment: Transcripts and investor materials from the earnings call are available for deeper detail on volumes, capital plans and ops (useful for active investors doing due diligence). ONEOK press release / slide deck
• Negative Sentiment: ONEOK’s FY2026 EPS guidance was set at $5.53, which management says is higher than its prior outlook but sits below some analysts’ consensus (~$5.65–5.70). That gap creates uncertainty about upside vs expectations and caps the stock’s move. Conference materials: FY2026 guidance
• Negative Sentiment: Reported EPS figures were described as mixed across outlets (minor misses vs some consensus numbers), leaving some investors cautious despite strong revenue/volume trends. GlobeNewsWire: Q1 release

ONEOK Company Profile

ONEOK, Inc NYSE: OKE is a publicly traded midstream energy company headquartered in Tulsa, Oklahoma. The company owns and operates a portfolio of natural gas and natural gas liquids (NGL) pipelines, processing facilities, fractionators and storage and terminal assets. Its operations are focused on gathering, processing, transporting, fractionating and marketing NGLs and interstate natural gas, providing critical infrastructure that connects hydrocarbon production to refineries, petrochemical plants and other end markets.

ONEOK's asset base includes pipeline systems and processing plants that move and condition natural gas, along with infrastructure for the transportation, storage and fractionation of NGLs such as ethane, propane and butane.

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