FY2025 EPS Estimates for ONEOK Lifted by US Capital Advisors

ONEOK, Inc. (NYSE:OKE) – Equities researchers at US Capital Advisors raised their FY2025 earnings per share (EPS) estimates for ONEOK in a report released on Monday, April 28th. US Capital Advisors analyst J. Carreker now forecasts that the utilities provider will post earnings of $5.97 per share for the year, up from their prior forecast 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.

Several other research firms have also commented on OKE. Wolfe Research raised ONEOK from a “peer perform” rating to an “outperform” rating and set a $110.00 target price on the stock in a report on Monday, February 10th. Barclays reduced their target price on shares of ONEOK from $105.00 to $101.00 and set an “equal weight” rating on the stock in a report on Friday, March 7th. Citigroup assumed coverage on shares of ONEOK in a report on Friday, February 28th. They issued a “buy” rating and a $110.00 target price for the company. Morgan Stanley increased their target price on shares of ONEOK from $111.00 to $133.00 and gave the company an “overweight” rating in a report on Tuesday, March 25th. Finally, Wells Fargo & Company decreased their price target on shares of ONEOK from $107.00 to $102.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 26th. Seven research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $106.42.

ONEOK Stock Performance

ONEOK stock opened at $87.85 on Tuesday. ONEOK has a 1-year low of $75.48 and a 1-year high of $118.07. The firm has a market capitalization of $54.88 billion, a P/E ratio of 18.38, a price-to-earnings-growth ratio of 3.77 and a beta of 1.20. The company’s 50-day moving average is $91.81 and its 200 day moving average is $98.99. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.81 and a quick ratio of 0.59.

ONEOK (NYSE:OKE) last issued its quarterly earnings results on Monday, February 24th. The utilities provider reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.11. The company had revenue of $7 billion during the quarter, compared to analyst estimates of $6.18 billion. ONEOK had a net margin of 14.05% and a return on equity of 16.84%.

ONEOK Announces Dividend

The company also recently disclosed 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. The ex-dividend date is Monday, May 5th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 4.69%. ONEOK’s payout ratio is 79.69%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of OKE. Astoria Portfolio Advisors LLC. boosted its holdings in ONEOK by 4.1% in the fourth quarter. Astoria Portfolio Advisors LLC. now owns 2,453 shares of the utilities provider’s stock worth $260,000 after acquiring an additional 96 shares in the last quarter. McAdam LLC increased its position in shares of ONEOK by 3.8% during the fourth quarter. McAdam LLC now owns 2,612 shares of the utilities provider’s stock valued at $262,000 after acquiring an additional 96 shares during the last quarter. Alliance Wealth Advisors LLC boosted its stake in shares of ONEOK by 0.8% in the fourth quarter. Alliance Wealth Advisors LLC now owns 12,569 shares of the utilities provider’s stock valued at $1,262,000 after purchasing an additional 100 shares during the period. Mutual Advisors LLC lifted its stake in ONEOK by 1.2% in the fourth quarter. Mutual Advisors LLC now owns 8,883 shares of the utilities provider’s stock worth $965,000 after acquiring an additional 103 shares during the last quarter. Finally, Morton Capital Management LLC CA lifted its position in shares of ONEOK by 1.4% during the 4th quarter. Morton Capital Management LLC CA now owns 7,313 shares of the utilities provider’s stock worth $734,000 after buying an additional 104 shares during the last quarter. Hedge funds and other 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.