Analysts expect ONEOK, Inc. (NYSE:OKE) to post $0.78 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for ONEOK’s earnings, with the lowest EPS estimate coming in at $0.73 and the highest estimate coming in at $0.81. ONEOK posted earnings of $0.70 per share during the same quarter last year, which suggests a positive year over year growth rate of 11.4%. The business is scheduled to report its next earnings results on Monday, February 24th.
According to Zacks, analysts expect that ONEOK will report full year earnings of $3.09 per share for the current year, with EPS estimates ranging from $3.00 to $3.18. For the next financial year, analysts anticipate that the business will report earnings of $3.75 per share, with EPS estimates ranging from $3.44 to $4.04. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that follow ONEOK.
ONEOK (NYSE:OKE) last posted its quarterly earnings results on Tuesday, October 29th. The utilities provider reported $0.74 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.74. The firm had revenue of $2.26 billion for the quarter, compared to analysts’ expectations of $2.36 billion. ONEOK had a net margin of 11.76% and a return on equity of 19.56%. During the same quarter in the prior year, the company posted $0.75 earnings per share.
NYSE OKE traded up $0.62 during mid-day trading on Friday, reaching $70.81. The stock had a trading volume of 620,602 shares, compared to its average volume of 1,595,683. The stock has a market cap of $29.35 billion, a PE ratio of 25.47, a price-to-earnings-growth ratio of 2.16 and a beta of 1.16. ONEOK has a 1 year low of $50.26 and a 1 year high of $77.21. The company has a debt-to-equity ratio of 2.01, a current ratio of 1.26 and a quick ratio of 0.95. The company has a fifty day moving average price of $70.67 and a 200 day moving average price of $69.69.
The business also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 4th were given a dividend of $0.915 per share. The ex-dividend date of this dividend was Friday, November 1st. This is a positive change from ONEOK’s previous quarterly dividend of $0.89. This represents a $3.66 dividend on an annualized basis and a dividend yield of 5.17%. ONEOK’s dividend payout ratio (DPR) is 131.65%.
In related news, CAO Mary M. Spears sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $71.85, for a total value of $143,700.00. Following the completion of the sale, the chief accounting officer now owns 10,263 shares in the company, valued at $737,396.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.60% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the stock. Institutional & Family Asset Management LLC raised its holdings in shares of ONEOK by 83.5% in the 3rd quarter. Institutional & Family Asset Management LLC now owns 8,528 shares of the utilities provider’s stock valued at $628,000 after purchasing an additional 3,880 shares in the last quarter. IHT Wealth Management LLC grew its holdings in shares of ONEOK by 71.6% in the third quarter. IHT Wealth Management LLC now owns 8,684 shares of the utilities provider’s stock valued at $640,000 after purchasing an additional 3,623 shares in the last quarter. Regal Investment Advisors LLC grew its holdings in shares of ONEOK by 56.2% in the third quarter. Regal Investment Advisors LLC now owns 5,600 shares of the utilities provider’s stock valued at $413,000 after purchasing an additional 2,014 shares in the last quarter. National Pension Service increased its stake in ONEOK by 5.0% during the 3rd quarter. National Pension Service now owns 523,238 shares of the utilities provider’s stock worth $38,557,000 after buying an additional 24,862 shares during the period. Finally, Coldstream Capital Management Inc. purchased a new stake in ONEOK during the 3rd quarter worth approximately $1,055,000. 73.32% of the stock is owned by institutional investors.
ONEOK, Inc, together with its subsidiaries, engages in the gathering, processing, storage, and transportation of natural gas in the United States. It operates through Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines segments. The company owns natural gas gathering pipelines and processing plants in the Mid-Continent and Rocky Mountain regions.
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