Equities Analysts Issue Forecasts for ONEOK FY2025 Earnings

ONEOK, Inc. (NYSE:OKE) – US Capital Advisors raised their FY2025 earnings per share (EPS) estimates for ONEOK in a research report issued to clients and investors on Monday, April 28th. US Capital Advisors analyst J. Carreker now expects that the utilities provider will post earnings per share of $5.97 for the year, up from their previous estimate of $5.96. US Capital Advisors currently has a “Strong-Buy” rating on the stock. The consensus estimate for ONEOK’s current full-year earnings is $5.07 per share.

ONEOK (NYSE:OKE) last announced its quarterly earnings results on Tuesday, April 29th. The utilities provider reported $1.04 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $8.23 billion. During the same period in the prior year, the firm earned $1.09 EPS.

Several other research firms have also issued reports on OKE. Scotiabank dropped their price objective on ONEOK from $101.00 to $100.00 and set a “sector outperform” rating for the company in a research note on Tuesday. Wells Fargo & Company cut their target price on shares of ONEOK from $107.00 to $102.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 26th. Wolfe Research upgraded 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. Barclays reduced their price objective on ONEOK from $105.00 to $101.00 and set an “equal weight” rating on the stock in a research note on Friday, March 7th. Finally, Citigroup started coverage on ONEOK in a report on Friday, February 28th. They issued a “buy” rating and a $110.00 price target for the company. Seven investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $106.25.

ONEOK Stock Down 0.1 %

NYSE OKE opened at $87.81 on Tuesday. ONEOK has a twelve month low of $75.48 and a twelve month high of $118.07. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.59 and a current ratio of 0.81. The stock has a market cap of $54.85 billion, a PE ratio of 18.37, a PEG ratio of 3.77 and a beta of 1.20. The firm has a 50-day simple moving average of $91.59 and a 200 day simple moving average of $98.91.

ONEOK Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Monday, May 5th will be paid a dividend of $1.03 per share. The ex-dividend date of this dividend is Monday, May 5th. This represents a $4.12 annualized dividend and a dividend yield of 4.69%. ONEOK’s dividend payout ratio is currently 79.69%.

Institutional Investors Weigh In On ONEOK

A number of large investors have recently added to or reduced their stakes in the business. U.S. Capital Wealth Advisors LLC increased its position in ONEOK by 71.6% during the 1st quarter. U.S. Capital Wealth Advisors LLC now owns 101,705 shares of the utilities provider’s stock worth $10,091,000 after buying an additional 42,422 shares during the period. Financial Counselors Inc. grew its position in shares of ONEOK by 11.1% during the 1st quarter. Financial Counselors Inc. now owns 13,376 shares of the utilities provider’s stock worth $1,327,000 after purchasing an additional 1,333 shares in the last quarter. TD Private Client Wealth LLC increased its holdings in shares of ONEOK by 310.5% during the first quarter. TD Private Client Wealth LLC now owns 5,390 shares of the utilities provider’s stock worth $535,000 after purchasing an additional 4,077 shares during the period. Capital Advisors Inc. OK raised its position in shares of ONEOK by 15.4% in the first quarter. Capital Advisors Inc. OK now owns 91,079 shares of the utilities provider’s stock valued at $9,037,000 after buying an additional 12,125 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in shares of ONEOK by 7.5% in the first quarter. Envestnet Asset Management Inc. now owns 949,784 shares of the utilities provider’s stock valued at $94,238,000 after buying an additional 66,245 shares during the period. Institutional investors own 69.13% of the company’s stock.

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.