ONEOK, Inc. (NYSE:OKE – Free Report) – Equities research analysts at US Capital Advisors raised their Q4 2024 earnings estimates for shares of ONEOK in a report released on Tuesday, May 21st. US Capital Advisors analyst J. Carreker now forecasts that the utilities provider will post earnings of $1.34 per share for the quarter, up from their previous forecast 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.
Several other research firms have also recently weighed in on OKE. Stifel Nicolaus increased their price target on shares of ONEOK from $81.00 to $88.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Barclays raised their target price on shares of ONEOK from $73.00 to $80.00 and gave the company an “equal weight” rating in a research report on Thursday, March 7th. Truist Financial raised their target price 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. UBS Group raised their target price on shares of ONEOK from $80.00 to $87.00 and gave the company a “buy” rating in a research report on Tuesday, February 27th. Finally, Wells Fargo & Company raised their target price on shares of ONEOK from $81.00 to $85.00 and gave the company an “overweight” rating in a research report on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, ONEOK has a consensus rating of “Hold” and a consensus price target of $83.58.
ONEOK Stock Performance
Shares of OKE stock traded down $1.47 on Thursday, reaching $80.19. The stock had a trading volume of 2,093,714 shares, compared to its average volume of 2,869,930. The company has a quick ratio of 0.48, a current ratio of 0.70 and a debt-to-equity ratio of 1.24. The firm’s 50-day moving average is $79.57 and its two-hundred day moving average is $73.32. The firm has a market capitalization of $46.80 billion, a price-to-earnings ratio of 18.99, a P/E/G ratio of 4.47 and a beta of 1.64. ONEOK has a 12 month low of $56.19 and a 12 month high of $83.31.
ONEOK (NYSE:OKE – Get Free Report) last issued its quarterly earnings results on Tuesday, April 30th. The utilities provider reported $1.09 EPS for the quarter, topping the consensus estimate of $1.06 by $0.03. The firm had revenue of $4.78 billion for the quarter, compared to analysts’ expectations of $5.84 billion. ONEOK had a net margin of 12.54% and a return on equity of 15.94%. During the same period in the previous year, the firm posted $2.34 EPS.
ONEOK Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st were paid a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 4.94%. The ex-dividend date was Tuesday, April 30th. ONEOK’s dividend payout ratio is presently 92.09%.
Insider Buying and Selling
In other news, Director Wayne Thomas Smith bought 2,700 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was acquired at an average price of $75.25 per share, with a total value 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.20% of the stock is owned by insiders.
Institutional Investors Weigh In On ONEOK
Large investors have recently bought and sold shares of the stock. Rise Advisors LLC acquired a new position in shares of ONEOK during the first quarter valued at about $25,000. LifeSteps Financial Inc. purchased a new position in ONEOK during the first quarter worth about $26,000. American National Bank purchased a new position in ONEOK during the first quarter worth about $32,000. Beacon Capital Management LLC boosted its holdings in ONEOK by 90.7% during the fourth quarter. Beacon Capital Management LLC now owns 408 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 194 shares during the last quarter. Finally, HHM Wealth Advisors LLC purchased a new position in ONEOK during the fourth quarter worth about $32,000. 69.13% of the stock is currently owned by institutional investors and hedge funds.
ONEOK Company Profile
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.