FY2027 Earnings Estimate for ONEOK Issued By Seaport Res Ptn

ONEOK, Inc. (NYSE:OKE) – Research analysts at Seaport Res Ptn raised their FY2027 earnings estimates for shares of ONEOK in a note issued to investors on Tuesday, October 29th. Seaport Res Ptn analyst S. Sibal now expects that the utilities provider will post earnings per share of $6.87 for the year, up from their prior estimate of $6.77. The consensus estimate for ONEOK’s current full-year earnings is $5.10 per share.

ONEOK (NYSE:OKE) last announced its quarterly earnings data on Monday, August 5th. The utilities provider reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.12. The business had revenue of $4.89 billion during the quarter, compared to the consensus estimate of $5.52 billion. ONEOK had a net margin of 13.41% and a return on equity of 15.54%. During the same quarter last year, the firm earned $1.04 earnings per share.

OKE has been the subject of several other research reports. Scotiabank raised their price objective on shares of ONEOK from $88.00 to $102.00 and gave the stock a “sector outperform” rating in a research note on Friday, August 30th. Morgan Stanley raised shares of ONEOK from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $103.00 to $111.00 in a research note on Monday, September 16th. Barclays raised their target price on shares of ONEOK from $82.00 to $94.00 and gave the stock an “equal weight” rating in a research report on Monday, September 16th. Tudor Pickering raised shares of ONEOK to a “hold” rating in a research report on Thursday, July 18th. Finally, Citigroup raised their target price on shares of ONEOK from $85.00 to $102.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Eight research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, ONEOK currently has a consensus rating of “Moderate Buy” and an average target price of $94.77.

ONEOK Stock Down 0.5 %

Shares of NYSE OKE opened at $95.54 on Wednesday. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.62 and a quick ratio of 0.41. The company has a market cap of $55.80 billion, a P/E ratio of 20.81, a PEG ratio of 4.17 and a beta of 1.67. ONEOK has a 1 year low of $63.33 and a 1 year high of $98.43. The firm has a 50-day simple moving average of $93.18 and a two-hundred day simple moving average of $85.56.

ONEOK Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Friday, November 1st will be issued a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 4.14%. The ex-dividend date is Friday, November 1st. ONEOK’s dividend payout ratio is currently 86.27%.

Insiders Place Their Bets

In other ONEOK news, Director Pattye L. Moore sold 3,379 shares of ONEOK 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 document filed with the SEC, which is available through this link. Corporate insiders own 0.20% of the company’s stock.

Hedge Funds Weigh In On ONEOK

Several institutional investors and hedge funds have recently bought and sold shares of OKE. Robeco Institutional Asset Management B.V. lifted its stake in shares of ONEOK by 50.3% during the third quarter. Robeco Institutional Asset Management B.V. now owns 151,844 shares of the utilities provider’s stock worth $13,838,000 after buying an additional 50,808 shares during the period. BSW Wealth Partners lifted its stake in shares of ONEOK by 11.9% during the third quarter. BSW Wealth Partners now owns 2,998 shares of the utilities provider’s stock worth $273,000 after buying an additional 319 shares during the period. Angeles Wealth Management LLC acquired a new stake in shares of ONEOK during the third quarter worth $250,000. Van ECK Associates Corp lifted its stake in shares of ONEOK by 14.3% during the third quarter. Van ECK Associates Corp now owns 196,855 shares of the utilities provider’s stock worth $19,048,000 after buying an additional 24,594 shares during the period. Finally, Janney Montgomery Scott LLC lifted its stake in shares of ONEOK by 1.7% during the third quarter. Janney Montgomery Scott LLC now owns 187,696 shares of the utilities provider’s stock worth $17,105,000 after buying an additional 3,139 shares during the period. 69.13% of the stock is owned by hedge funds and other institutional investors.

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.