ONEOK, Inc. (NYSE:OKE) – Research analysts at US Capital Advisors upped their Q1 2018 earnings per share (EPS) estimates for ONEOK in a note issued to investors on Wednesday. US Capital Advisors analyst B. Followill now expects that the utilities provider will earn $0.61 per share for the quarter, up from their prior estimate of $0.58. US Capital Advisors also issued estimates for ONEOK’s Q2 2018 earnings at $0.63 EPS, Q3 2018 earnings at $0.66 EPS, Q4 2018 earnings at $0.69 EPS, FY2018 earnings at $2.59 EPS and FY2019 earnings at $2.86 EPS.
ONEOK (NYSE:OKE) last announced its quarterly earnings data on Tuesday, October 31st. The utilities provider reported $0.43 EPS for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.06). ONEOK had a net margin of 3.76% and a return on equity of 9.25%. The firm had revenue of $2.91 billion during the quarter, compared to analysts’ expectations of $2.80 billion. During the same period in the prior year, the company posted $0.43 earnings per share.
OKE has been the topic of a number of other reports. Credit Suisse Group began coverage on shares of ONEOK in a research report on Monday, January 8th. They issued an “outperform” rating and a $62.00 price objective on the stock. Zacks Investment Research downgraded shares of ONEOK from a “hold” rating to a “sell” rating in a research report on Tuesday, December 12th. Wells Fargo & Co raised shares of ONEOK from a “market perform” rating to an “outperform” rating in a research report on Thursday, January 11th. Bank of America began coverage on shares of ONEOK in a research report on Tuesday, January 9th. They issued a “neutral” rating on the stock. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $54.00 price objective on shares of ONEOK in a research report on Thursday, October 12th. Nine investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $59.93.
Shares of ONEOK (OKE) opened at $58.32 on Friday. ONEOK has a 52-week low of $47.14 and a 52-week high of $60.06. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.55 and a quick ratio of 0.41. The company has a market cap of $23,865.09, a P/E ratio of 36.45, a price-to-earnings-growth ratio of 2.18 and a beta of 1.25.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 14th. Stockholders of record on Monday, January 29th will be issued a $0.77 dividend. This is a boost from ONEOK’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Friday, January 26th. This represents a $3.08 annualized dividend and a dividend yield of 5.28%. ONEOK’s dividend payout ratio is presently 186.25%.
In related news, Director Brian L. Derksen bought 1,800 shares of the stock in a transaction dated Monday, November 20th. The stock was acquired at an average price of $51.00 per share, for a total transaction of $91,800.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 1.00% of the company’s stock.
Several institutional investors have recently modified their holdings of OKE. Ropes Wealth Advisors LLC acquired a new position in shares of ONEOK in the 2nd quarter valued at $103,000. Winslow Evans & Crocker Inc. boosted its stake in ONEOK by 462.9% during the 3rd quarter. Winslow Evans & Crocker Inc. now owns 1,970 shares of the utilities provider’s stock worth $109,000 after purchasing an additional 1,620 shares during the period. Mercer Capital Advisers Inc. boosted its stake in ONEOK by 229.8% during the 3rd quarter. Mercer Capital Advisers Inc. now owns 1,979 shares of the utilities provider’s stock worth $110,000 after purchasing an additional 1,379 shares during the period. Enterprise Financial Services Corp boosted its stake in ONEOK by 332.8% during the 3rd quarter. Enterprise Financial Services Corp now owns 2,268 shares of the utilities provider’s stock worth $126,000 after purchasing an additional 1,744 shares during the period. Finally, Fieldpoint Private Securities LLC acquired a new stake in ONEOK during the 3rd quarter worth $150,000. Institutional investors and hedge funds own 69.94% of the company’s stock.
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ONEOK, Inc is an energy midstream service provider in the United States. The Company owns and operates natural gas liquids (NGL) systems, and is engaged in the gathering, processing, storage and transportation of natural gas. THe Company’s operations include a 38,000-mile integrated network of NGL and natural gas pipelines, processing plants, fractionators and storage facilities in the Mid-Continent, Williston, Permian and Rocky Mountain regions.
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