ONEOK (NYSE:OKE) Issues Earnings Results, Beats Estimates By $0.05 EPS

ONEOK (NYSE:OKE) posted its earnings results on Monday. The utilities provider reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.50 by $0.05, Zacks reports. The company had revenue of $9.07 billion during the quarter, compared to the consensus estimate of $8.77 billion. ONEOK had a net margin of 10.09% and a return on equity of 15.38%. During the same period in the previous year, the firm posted $1.57 earnings per share. ONEOK updated its FY 2026 guidance to 5.040-5.870 EPS.

ONEOK Price Performance

ONEOK stock opened at $82.89 on Wednesday. The stock has a market capitalization of $52.16 billion, a P/E ratio of 15.29, a P/E/G ratio of 4.90 and a beta of 0.96. The company’s fifty day moving average price is $77.52 and its 200 day moving average price is $73.79. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.75 and a current ratio of 0.90. ONEOK has a 1 year low of $64.02 and a 1 year high of $103.64.

ONEOK Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Monday, February 2nd were given a dividend of $1.07 per share. This is a positive change from ONEOK’s previous quarterly dividend of $1.03. The ex-dividend date was Monday, February 2nd. This represents a $4.28 dividend on an annualized basis and a dividend yield of 5.2%. ONEOK’s payout ratio is 78.97%.

Wall Street Analysts Forecast Growth

OKE has been the subject of several analyst reports. Citigroup decreased their price objective on ONEOK from $102.00 to $95.00 and set a “buy” rating for the company in a report on Friday, October 31st. Morgan Stanley reissued an “overweight” rating and issued a $104.00 price target on shares of ONEOK in a report on Wednesday, January 28th. Stifel Nicolaus set a $94.00 price objective on ONEOK in a research report on Thursday, October 30th. Barclays cut their target price on shares of ONEOK from $78.00 to $76.00 and set an “equal weight” rating for the company in a report on Thursday, January 15th. Finally, TD Cowen decreased their target price on shares of ONEOK from $78.00 to $76.00 and set a “hold” rating for the company in a research note on Thursday, October 30th. Seven analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, ONEOK presently has a consensus rating of “Hold” and an average price target of $86.27.

Institutional Investors Weigh In On ONEOK

Several institutional investors have recently bought and sold shares of OKE. Brighton Jones LLC raised its stake in ONEOK by 137.1% in the 4th quarter. Brighton Jones LLC now owns 15,278 shares of the utilities provider’s stock valued at $1,534,000 after purchasing an additional 8,834 shares during the last quarter. Safe Harbor Fiduciary LLC acquired a new stake in ONEOK during the 4th quarter worth $113,000. Kelleher Financial Advisors purchased a new stake in shares of ONEOK during the third quarter worth $119,000. Kestra Investment Management LLC raised its position in shares of ONEOK by 39.0% in the second quarter. Kestra Investment Management LLC now owns 3,384 shares of the utilities provider’s stock valued at $276,000 after buying an additional 949 shares during the last quarter. Finally, HM Payson & Co. raised its position in shares of ONEOK by 73.6% in the fourth quarter. HM Payson & Co. now owns 3,660 shares of the utilities provider’s stock valued at $269,000 after buying an additional 1,552 shares during the last quarter. 69.13% of the stock is currently owned by institutional investors and hedge funds.

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.