ONEOK, Inc. (NYSE:OKE) Shareholders to Get $1.07 Quarterly Dividend

ONEOK, Inc. (NYSE:OKE) announced a quarterly dividend on Wednesday, October 14th. Shareholders of record on Monday, November 2nd will be given a dividend of $1.07 per share by the utilities provider on Monday, November 16th. This represents a $4.28 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend is Monday, November 2nd.

ONEOK has a dividend payout ratio of 69.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect ONEOK to earn $6.14 per share next year, which means the company should continue to be able to cover its $4.28 annual dividend with an expected future payout ratio of 69.7%.

ONEOK Stock Down 1.5%

ONEOK stock opened at $91.94 on Thursday. ONEOK has a fifty-two week low of $64.02 and a fifty-two week high of $99.85. The firm has a market capitalization of $57.95 billion, a price-to-earnings ratio of 15.91, a price-to-earnings-growth ratio of 2.66 and a beta of 0.82. The stock’s fifty day moving average is $92.52 and its two-hundred day moving average is $90.13. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.59 and a current ratio of 0.74.

ONEOK (NYSE:OKE) last released its quarterly earnings results on Monday, August 3rd. The utilities provider reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.07. The business had revenue of $12.05 billion during the quarter, compared to the consensus estimate of $8.95 billion. ONEOK had a return on equity of 16.41% and a net margin of 9.29%. During the same quarter in the previous year, the company posted $1.34 EPS. ONEOK has set its FY 2026 guidance at 5.680-5.680 EPS. Analysts predict that ONEOK will post 5.72 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on OKE. Capital One Financial assumed coverage on shares of ONEOK in a report on Tuesday, September 22nd. They set an “overweight” rating and a $110.00 target price for the company. Raymond James Financial lifted their target price on shares of ONEOK from $92.00 to $95.00 and gave the stock an “outperform” rating in a research report on Friday, July 24th. TD Cowen upped their price target on shares of ONEOK from $90.00 to $93.00 and gave the company a “hold” rating in a report on Friday, September 11th. Citigroup upped their price target on shares of ONEOK from $97.00 to $108.00 and gave the company a “buy” rating in a report on Thursday, September 3rd. Finally, Seaport Research Partners increased their price target on shares of ONEOK from $95.00 to $100.00 and gave the company a “buy” rating in a research report on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat, ONEOK has an average rating of “Moderate Buy” and a consensus target price of $96.21.

ONEOK Company Profile

ONEOK, Inc (NYSE: OKE) is a diversified energy infrastructure company that owns and operates midstream assets in the United States. Its operations connect producers, processors, storage facilities and end-use markets across major energy-producing and consuming regions.

The company’s businesses include natural gas gathering, processing, transportation and storage, as well as natural gas liquids (NGL) gathering, fractionation, storage and transportation. ONEOK also operates infrastructure serving refined products and crude oil markets, including pipelines and terminals.