ONEOK (NYSE:OKE) Posts Quarterly Earnings Results, Beats Expectations By $0.11 EPS

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

ONEOK Stock Up 0.0 %

Shares of OKE opened at $98.14 on Tuesday. The stock has a market cap of $57.33 billion, a price-to-earnings ratio of 20.53, a P/E/G ratio of 3.77 and a beta of 1.70. The company has a quick ratio of 0.59, a current ratio of 0.81 and a debt-to-equity ratio of 1.59. ONEOK has a 12 month low of $72.44 and a 12 month high of $118.07. The company has a 50-day moving average price of $101.09 and a two-hundred day moving average price of $98.96.

ONEOK Increases Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on OKE shares. Wolfe Research raised ONEOK from a “peer perform” rating to an “outperform” rating and set a $110.00 price target on the stock in a research report on Monday, February 10th. Mizuho raised ONEOK to a “hold” rating in a research report on Thursday, November 7th. Barclays started coverage on ONEOK in a research report on Thursday, February 6th. They issued an “equal weight” rating and a $105.00 price target on the stock. US Capital Advisors raised ONEOK from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday, February 3rd. Finally, Wells Fargo & Company downgraded ONEOK from an “overweight” rating to an “equal weight” rating and set a $107.00 price target on the stock. in a research report on Wednesday, December 18th. Seven analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price 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.