US Capital Advisors Research Analysts Raise Earnings Estimates for ONEOK, Inc. (NYSE:OKE)

ONEOK, Inc. (NYSE:OKE) – Analysts at US Capital Advisors raised their Q4 2024 EPS estimates for ONEOK in a research note issued on Tuesday, May 21st. US Capital Advisors analyst J. Carreker now expects that the utilities provider will post earnings per share of $1.34 for the quarter, up from their prior estimate of $1.33. US Capital Advisors has a “Hold” rating on the stock. The consensus estimate for ONEOK’s current full-year earnings is $4.92 per share. US Capital Advisors also issued estimates for ONEOK’s Q1 2025 earnings at $1.30 EPS.

A number of other research firms have also weighed in on OKE. UBS Group raised their price objective on shares of ONEOK from $80.00 to $87.00 and gave the company a “buy” rating in a research note on Tuesday, February 27th. Morgan Stanley raised their price target on shares of ONEOK from $84.00 to $85.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 26th. Seaport Res Ptn raised shares of ONEOK from a “neutral” rating to a “buy” rating in a research report on Thursday, February 8th. Citigroup raised their price target on shares of ONEOK from $73.00 to $83.00 and gave the company a “buy” rating in a research report on Tuesday, March 5th. Finally, Truist Financial raised their price target on shares of ONEOK from $71.00 to $81.00 and gave the company a “hold” rating in a research report on Thursday, March 21st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, ONEOK has an average rating of “Hold” and a consensus target price of $83.58.

ONEOK Stock Down 1.6 %

ONEOK stock opened at $81.66 on Thursday. ONEOK has a 1-year low of $56.19 and a 1-year high of $83.31. The firm has a market capitalization of $47.66 billion, a price-to-earnings ratio of 18.99, a price-to-earnings-growth ratio of 4.47 and a beta of 1.64. The firm’s fifty day moving average price is $79.57 and its two-hundred day moving average price is $73.32. The company has a current ratio of 0.70, a quick ratio of 0.48 and a debt-to-equity ratio of 1.24.

ONEOK (NYSE:OKE) last released its quarterly earnings data on Tuesday, April 30th. The utilities provider reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.03. ONEOK had a net margin of 12.54% and a return on equity of 15.94%. The firm had revenue of $4.78 billion for the quarter, compared to analyst estimates of $5.84 billion. During the same period last year, the firm earned $2.34 earnings per share.

Hedge Funds Weigh In On ONEOK

Several large investors have recently modified their holdings of OKE. Sheets Smith Wealth Management grew its stake in ONEOK by 0.3% during the first quarter. Sheets Smith Wealth Management now owns 52,199 shares of the utilities provider’s stock valued at $4,185,000 after acquiring an additional 139 shares in the last quarter. Venturi Wealth Management LLC grew its stake in ONEOK by 5.3% during the first quarter. Venturi Wealth Management LLC now owns 2,809 shares of the utilities provider’s stock valued at $225,000 after acquiring an additional 142 shares in the last quarter. Massmutual Trust Co. FSB ADV grew its stake in ONEOK by 4.7% during the first quarter. Massmutual Trust Co. FSB ADV now owns 3,199 shares of the utilities provider’s stock valued at $256,000 after acquiring an additional 144 shares in the last quarter. Presima Securities ULC grew its stake in ONEOK by 1.7% during the fourth quarter. Presima Securities ULC now owns 9,100 shares of the utilities provider’s stock valued at $639,000 after acquiring an additional 150 shares in the last quarter. Finally, Regal Investment Advisors LLC grew its stake in ONEOK by 3.6% in the 3rd quarter. Regal Investment Advisors LLC now owns 4,631 shares of the utilities provider’s stock worth $294,000 after buying an additional 159 shares in the last quarter. Hedge funds and other institutional investors own 69.13% of the company’s stock.

Insider Transactions at ONEOK

In other ONEOK news, Director Wayne Thomas Smith bought 2,700 shares of ONEOK stock in a transaction dated Friday, March 1st. The stock was purchased at an average price of $75.25 per share, for a total transaction of $203,175.00. Following the completion of the purchase, the director now directly owns 2,700 shares of the company’s stock, valued at $203,175. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.20% of the company’s stock.

ONEOK Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st were paid a $0.99 dividend. The ex-dividend date was Tuesday, April 30th. This represents a $3.96 annualized dividend and a dividend yield of 4.85%. ONEOK’s payout ratio is 92.09%.

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.