ONEOK (NYSE:OKE) Issues Quarterly Earnings Results

ONEOK (NYSE:OKE) issued its quarterly earnings results on Monday. The utilities provider reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.07, FiscalAI reports. The firm had revenue of $12.05 billion for the quarter, compared to analyst estimates of $8.95 billion. ONEOK had a return on equity of 16.06% and a net margin of 10.03%. ONEOK updated its FY 2026 guidance to 5.680-5.680 EPS.

ONEOK Stock Down 3.0%

Shares of NYSE OKE traded down $2.76 during midday trading on Monday, hitting $88.05. 4,522,248 shares of the stock traded hands, compared to its average volume of 4,431,419. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.56 and a current ratio of 0.71. ONEOK has a one year low of $64.02 and a one year high of $96.07. The business has a 50 day moving average price of $89.09 and a two-hundred day moving average price of $86.68. The company has a market cap of $55.48 billion, a PE ratio of 15.70, a P/E/G ratio of 4.93 and a beta of 0.73.

ONEOK Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Monday, August 3rd will be issued a dividend of $1.07 per share. The ex-dividend date is Monday, August 3rd. This represents a $4.28 annualized dividend and a dividend yield of 4.9%. ONEOK’s payout ratio is currently 76.29%.

Institutional Trading of ONEOK

A number of hedge funds and other institutional investors have recently bought and sold shares of OKE. Zions Bancorporation National Association UT grew its holdings in shares of ONEOK by 73.3% during the fourth quarter. Zions Bancorporation National Association UT now owns 338 shares of the utilities provider’s stock valued at $25,000 after buying an additional 143 shares during the last quarter. Garton & Associates Financial Advisors LLC acquired a new stake in shares of ONEOK in the 4th quarter worth about $37,000. J.Safra Asset Management Corp bought a new position in ONEOK in the 4th quarter valued at about $37,000. DV Equities LLC bought a new position in ONEOK in the 4th quarter valued at about $64,000. Finally, Loomis Sayles & Co. L P boosted its stake in ONEOK by 14.8% during the 4th quarter. Loomis Sayles & Co. L P now owns 1,034 shares of the utilities provider’s stock valued at $76,000 after purchasing an additional 133 shares during the last quarter. Institutional investors own 69.13% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Wall Street Zen lowered shares of ONEOK from a “hold” rating to a “sell” rating in a research note on Saturday. Wells Fargo & Company cut their target price on shares of ONEOK from $100.00 to $98.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Raymond James Financial restated an “outperform” rating and issued a $92.00 price target on shares of ONEOK in a report on Thursday, April 30th. Scotiabank cut shares of ONEOK from a “sector outperform” rating to a “sector perform” rating and reduced their price target for the stock from $92.00 to $89.00 in a report on Thursday, April 30th. Finally, Barclays decreased their price target on shares of ONEOK from $90.00 to $88.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 8th. Seven research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat.com, ONEOK presently has an average rating of “Hold” and an average target price of $91.81.

ONEOK Company Profile

ONEOK, Inc (NYSE: OKE) is a publicly traded midstream energy company headquartered in Tulsa, Oklahoma. The company owns and operates a portfolio of natural gas and natural gas liquids (NGL) pipelines, processing facilities, fractionators and storage and terminal assets. Its operations are focused on gathering, processing, transporting, fractionating and marketing NGLs and interstate natural gas, providing critical infrastructure that connects hydrocarbon production to refineries, petrochemical plants and other end markets.

ONEOK’s asset base includes pipeline systems and processing plants that move and condition natural gas, along with infrastructure for the transportation, storage and fractionation of NGLs such as ethane, propane and butane.