ONEOK (NYSE:OKE) Posts Earnings Results, Beats Estimates By $0.07 EPS

ONEOK (NYSE:OKE) posted its earnings results on Monday. The utilities provider reported $1.53 EPS for the quarter, topping the consensus estimate of $1.46 by $0.07, FiscalAI reports. ONEOK had a net margin of 9.29% and a return on equity of 16.53%. The company had revenue of $12.05 billion during the quarter, compared to the consensus estimate of $8.95 billion. During the same period in the previous year, the firm posted $1.34 earnings per share. ONEOK updated its FY 2026 guidance to 5.680-5.680 EPS.

ONEOK Stock Performance

Shares of ONEOK stock traded down $1.90 on Wednesday, reaching $85.75. 541,806 shares of the company traded hands, compared to its average volume of 4,422,266. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.71 and a quick ratio of 0.56. The firm has a market capitalization of $54.04 billion, a PE ratio of 15.29, a PEG ratio of 4.79 and a beta of 0.73. The company has a 50 day moving average of $88.91 and a 200 day moving average of $86.86. ONEOK has a 52 week low of $64.02 and a 52 week high of $96.07.

ONEOK Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Monday, August 3rd will be paid a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date is Monday, August 3rd. ONEOK’s payout ratio is presently 76.29%.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Jefferies Financial Group boosted their price objective on ONEOK from $98.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, April 8th. Truist Financial lifted their target price on ONEOK from $91.00 to $93.00 and gave the company a “hold” rating in a research report on Monday, May 4th. Wells Fargo & Company lowered their price target on ONEOK from $100.00 to $98.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Freedom Capital upgraded ONEOK from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 5th. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $92.00 price objective on shares of ONEOK in a report on Thursday, April 30th. Seven analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $91.81.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in OKE. Man Group plc increased its holdings in ONEOK by 292.1% in the 2nd quarter. Man Group plc now owns 1,558,993 shares of the utilities provider’s stock worth $127,261,000 after acquiring an additional 1,161,352 shares during the last quarter. Royal Bank of Canada lifted its stake in shares of ONEOK by 70.7% during the 4th quarter. Royal Bank of Canada now owns 2,306,880 shares of the utilities provider’s stock valued at $169,557,000 after buying an additional 955,100 shares in the last quarter. Nuveen LLC boosted its holdings in ONEOK by 17.8% in the 4th quarter. Nuveen LLC now owns 4,868,076 shares of the utilities provider’s stock worth $357,804,000 after buying an additional 736,647 shares during the period. State Street Corp grew its stake in ONEOK by 1.7% in the 4th quarter. State Street Corp now owns 38,450,591 shares of the utilities provider’s stock valued at $2,826,118,000 after buying an additional 648,647 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in ONEOK by 2.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 22,634,512 shares of the utilities provider’s stock valued at $1,663,637,000 after acquiring an additional 599,248 shares during the period. Hedge funds and other institutional investors own 69.13% of the company’s stock.

About ONEOK

ONEOK, Inc (NYSE: OKE) is a publicly traded midstream energy company headquartered in Tulsa, Oklahoma. The company owns and operates a portfolio of natural gas and natural gas liquids (NGL) pipelines, processing facilities, fractionators and storage and terminal assets. Its operations are focused on gathering, processing, transporting, fractionating and marketing NGLs and interstate natural gas, providing critical infrastructure that connects hydrocarbon production to refineries, petrochemical plants and other end markets.

ONEOK’s asset base includes pipeline systems and processing plants that move and condition natural gas, along with infrastructure for the transportation, storage and fractionation of NGLs such as ethane, propane and butane.