ONEOK (OKE) to Release Earnings on Tuesday

ONEOK (NYSE:OKE - Get Free Report) is expected to post its Q1 2025 quarterly earnings results after the market closes on Tuesday, April 29th. Analysts expect ONEOK to post earnings of $1.28 per share and revenue of $8.23 billion for the quarter. ONEOK has set its FY 2025 guidance at 5.370-5.370 EPS.

ONEOK (NYSE:OKE - Get Free Report) last released its quarterly earnings data on Monday, February 24th. The utilities provider reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.11. The firm had revenue of $7 billion for the quarter, compared to analyst estimates of $6.18 billion. ONEOK had a return on equity of 16.84% and a net margin of 14.05%. On average, analysts expect ONEOK to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

ONEOK Stock Performance

NYSE:OKE traded up $0.10 on Friday, hitting $86.38. The company's stock had a trading volume of 1,831,798 shares, compared to its average volume of 3,183,210. The company has a current ratio of 0.81, a quick ratio of 0.59 and a debt-to-equity ratio of 1.59. The stock has a fifty day moving average of $92.03 and a two-hundred day moving average of $99.05. The firm has a market capitalization of $53.95 billion, a P/E ratio of 18.07, a price-to-earnings-growth ratio of 3.77 and a beta of 1.20. ONEOK has a one year low of $75.48 and a one year high of $118.07.

ONEOK Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Monday, May 5th will be paid a $1.03 dividend. The ex-dividend date is Monday, May 5th. This represents a $4.12 annualized dividend and a yield of 4.77%. ONEOK's dividend payout ratio is 79.69%.

Analysts Set New Price Targets

Several analysts have issued reports on OKE shares. Morgan Stanley upped their price objective on ONEOK from $111.00 to $133.00 and gave the company an "overweight" rating in a research note on Tuesday, March 25th. Barclays lowered their price objective on ONEOK from $105.00 to $101.00 and set an "equal weight" rating on the stock in a research report on Friday, March 7th. Wells Fargo & Company reduced their target price on shares of ONEOK from $107.00 to $102.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 26th. Wolfe Research upgraded shares of ONEOK from a "peer perform" rating to an "outperform" rating and set a $110.00 price target on the stock in a research note on Monday, February 10th. Finally, Citigroup began coverage on shares of ONEOK in a research note on Friday, February 28th. They issued a "buy" rating and a $110.00 price target on the stock. Seven investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, ONEOK currently has a consensus rating of "Moderate Buy" and a consensus target price of $106.42.

Institutional Investors Weigh In On ONEOK

An institutional investor recently raised its position in ONEOK stock. Brighton Jones LLC raised its stake in ONEOK, Inc. (NYSE:OKE - Free Report) by 137.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,278 shares of the utilities provider's stock after acquiring an additional 8,834 shares during the quarter. Brighton Jones LLC's holdings in ONEOK were worth $1,534,000 as of its most recent SEC filing. 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.