ONEOK (NYSE:OKE) Issues Quarterly Earnings Results

ONEOK (NYSE:OKE) released its quarterly earnings results on Monday. The utilities provider reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.11, Zacks reports. ONEOK had a net margin of 14.05% and a return on equity of 16.84%. ONEOK updated its FY 2025 guidance to 5.370-5.370 EPS.

ONEOK Stock Up 0.0 %

OKE traded up $0.04 during mid-day trading on Monday, reaching $98.14. 4,543,086 shares of the stock were exchanged, compared to its average volume of 3,922,945. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.59 and a current ratio of 0.81. The stock has a market capitalization of $57.33 billion, a PE ratio of 20.53, a price-to-earnings-growth ratio of 3.77 and a beta of 1.70. The company has a 50 day moving average price of $101.19 and a two-hundred day moving average price of $98.87. ONEOK has a 1 year low of $72.44 and a 1 year high of $118.07.

ONEOK Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 4.20%. This is an increase from ONEOK’s previous quarterly dividend of $0.99. The ex-dividend date of this dividend was Monday, February 3rd. ONEOK’s payout ratio is currently 86.19%.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Wolfe Research upgraded shares of ONEOK from a “peer perform” rating to an “outperform” rating and set a $110.00 price objective for the company in a research note on Monday, February 10th. UBS Group lifted their price objective on shares of ONEOK from $112.00 to $132.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Wells Fargo & Company lowered shares of ONEOK from an “overweight” rating to an “equal weight” rating and set a $107.00 price objective for the company. in a research note on Wednesday, December 18th. US Capital Advisors upgraded shares of ONEOK from a “moderate buy” rating to a “strong-buy” rating in a research note on Monday, February 3rd. Finally, Scotiabank assumed coverage on shares of ONEOK in a research note on Friday, January 10th. They issued a “sector outperform” rating and a $109.00 price objective for the company. Seven equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $103.92.

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.