FY2027 Earnings Estimate for ONEOK Issued By Seaport Res Ptn

ONEOK, Inc. (NYSE:OKE - Free Report) - Equities research analysts at Seaport Res Ptn boosted their FY2027 earnings per share estimates for shares of ONEOK in a research note issued on Tuesday, October 29th. Seaport Res Ptn analyst S. Sibal now anticipates that the utilities provider will earn $6.87 per share for the year, up from their previous forecast of $6.77. The consensus estimate for ONEOK's current full-year earnings is $5.10 per share.

ONEOK (NYSE:OKE - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The utilities provider reported $1.18 earnings per share for the quarter, missing the consensus estimate of $1.23 by ($0.05). ONEOK had a return on equity of 15.54% and a net margin of 13.41%. The business had revenue of $5.02 billion during the quarter, compared to the consensus estimate of $5.81 billion. During the same quarter in the previous year, the business posted $0.99 earnings per share.

Several other research analysts have also commented on the stock. Morgan Stanley raised shares of ONEOK from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $103.00 to $111.00 in a research note on Monday, September 16th. Citigroup boosted their target price on ONEOK from $85.00 to $102.00 and gave the company a "buy" rating in a research report on Tuesday, September 3rd. Wells Fargo & Company raised their price target on ONEOK from $91.00 to $100.00 and gave the stock an "overweight" rating in a research note on Friday, August 30th. Barclays lifted their target price on ONEOK from $82.00 to $94.00 and gave the stock an "equal weight" rating in a research report on Monday, September 16th. Finally, Truist Financial raised their price target on shares of ONEOK from $83.00 to $99.00 and gave the stock a "hold" rating in a research note on Wednesday. Eight equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat, ONEOK presently has an average rating of "Moderate Buy" and a consensus target price of $96.00.

ONEOK Price Performance

OKE stock traded up $1.87 during trading on Wednesday, reaching $97.42. The company's stock had a trading volume of 1,386,044 shares, compared to its average volume of 2,719,419. The company has a quick ratio of 0.41, a current ratio of 0.62 and a debt-to-equity ratio of 1.22. The company's fifty day moving average is $93.18 and its 200-day moving average is $85.56. ONEOK has a 1 year low of $63.33 and a 1 year high of $98.43. The company has a market capitalization of $56.90 billion, a P/E ratio of 20.98, a price-to-earnings-growth ratio of 4.17 and a beta of 1.67.

ONEOK Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Friday, November 1st will be given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 4.06%. The ex-dividend date of this dividend is Friday, November 1st. ONEOK's dividend payout ratio (DPR) is presently 86.27%.

Insider Buying and Selling

In other ONEOK news, Director Pattye L. Moore sold 3,379 shares of the company's stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $92.01, for a total value of $310,901.79. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On ONEOK

A number of large investors have recently bought and sold shares of OKE. Greenwood Capital Associates LLC purchased a new stake in ONEOK during the third quarter worth $1,617,000. PDS Planning Inc purchased a new stake in shares of ONEOK in the 3rd quarter worth about $207,000. QRG Capital Management Inc. grew its stake in ONEOK by 6.5% in the 3rd quarter. QRG Capital Management Inc. now owns 5,936 shares of the utilities provider's stock valued at $541,000 after acquiring an additional 364 shares during the last quarter. National Pension Service raised its position in ONEOK by 1.6% during the third quarter. National Pension Service now owns 763,833 shares of the utilities provider's stock worth $69,608,000 after acquiring an additional 12,349 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its position in shares of ONEOK by 50.3% in the third quarter. Robeco Institutional Asset Management B.V. now owns 151,844 shares of the utilities provider's stock valued at $13,838,000 after purchasing an additional 50,808 shares during the last quarter. Hedge funds and other institutional investors own 69.13% of the company's stock.

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.