US Capital Advisors Predicts Increased Earnings for ONEOK

ONEOK, Inc. (NYSE:OKE) – Equities researchers at US Capital Advisors upped their FY2025 earnings per share estimates for shares of ONEOK in a research report issued on Monday, April 28th. US Capital Advisors analyst J. Carreker now forecasts that the utilities provider will earn $5.97 per share for the year, up from their prior 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 released 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). The business had revenue of $6.49 billion for the quarter, compared to analysts’ expectations of $8.23 billion. ONEOK had a return on equity of 16.84% and a net margin of 14.05%. During the same quarter in the prior year, the company posted $1.09 earnings per share.

OKE has been the subject of a number of other reports. Morgan Stanley raised their target price on ONEOK from $111.00 to $133.00 and gave the company an “overweight” rating in a report on Tuesday, March 25th. Scotiabank lowered their target price on ONEOK from $101.00 to $100.00 and set a “sector outperform” rating for the company in a report on Tuesday. Wells Fargo & Company lowered their target price on ONEOK from $107.00 to $102.00 and set an “equal weight” rating for the company in a report on Wednesday, February 26th. Wolfe Research upgraded ONEOK from a “peer perform” rating to an “outperform” rating and set a $110.00 target price for the company in a report on Monday, February 10th. Finally, Barclays lowered their target price on ONEOK from $105.00 to $101.00 and set an “equal weight” rating for the company in a report on Friday, March 7th. Seven equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $106.25.

ONEOK Stock Performance

NYSE OKE opened at $82.10 on Tuesday. The stock has a market cap of $51.28 billion, a PE ratio of 17.18, a P/E/G ratio of 3.77 and a beta of 1.20. 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 twelve month low of $75.48 and a twelve month high of $118.07. The stock has a fifty day simple moving average of $91.28 and a 200-day simple moving average of $98.80.

Institutional Investors Weigh In On ONEOK

Hedge funds and other institutional investors have recently made changes to their positions in the business. Kieckhefer Group LLC acquired a new stake in shares of ONEOK during the 4th quarter worth about $30,000. Greenline Partners LLC acquired a new stake in shares of ONEOK during the 4th quarter worth about $32,000. First Pacific Financial acquired a new position in ONEOK during the first quarter worth approximately $34,000. Vermillion Wealth Management Inc. acquired a new position in ONEOK during the fourth quarter worth approximately $37,000. Finally, Marshall & Sterling Wealth Advisors Inc. purchased a new stake in ONEOK in the fourth quarter valued at approximately $39,000. Institutional investors and hedge funds own 69.13% of the company’s stock.

ONEOK Announces Dividend

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 given a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 5.02%. The ex-dividend date of this dividend is Monday, May 5th. ONEOK’s dividend payout ratio (DPR) is presently 79.69%.

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.