ONEOK, Inc. (NYSE:OKE) – US Capital Advisors issued their Q1 2019 earnings per share estimates for ONEOK in a research note issued on Wednesday, January 16th. US Capital Advisors analyst B. Followill expects that the utilities provider will post earnings per share of $0.70 for the quarter. US Capital Advisors has a “Buy” rating on the stock. US Capital Advisors also issued estimates for ONEOK’s Q2 2019 earnings at $0.68 EPS, Q3 2019 earnings at $0.70 EPS and Q4 2019 earnings at $0.77 EPS.
A number of other research firms also recently weighed in on OKE. Barclays downgraded shares of ONEOK from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $73.00 to $70.00 in a research report on Friday, October 12th. Citigroup raised shares of ONEOK from a “neutral” rating to a “buy” rating and set a $67.00 target price for the company in a research report on Thursday, November 29th. Goldman Sachs Group initiated coverage on shares of ONEOK in a research report on Monday, October 8th. They issued a “neutral” rating and a $68.00 target price for the company. ValuEngine raised shares of ONEOK from a “hold” rating to a “buy” rating in a research report on Friday, October 19th. Finally, Wolfe Research assumed coverage on shares of ONEOK in a research report on Thursday, December 13th. They issued an “outperform” rating and a $66.00 price objective for the company. Nine investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. ONEOK presently has an average rating of “Buy” and a consensus target price of $70.35.
ONEOK (NYSE:OKE) last released its earnings results on Tuesday, October 30th. The utilities provider reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.04. The business had revenue of $3.39 billion during the quarter, compared to the consensus estimate of $3.31 billion. ONEOK had a net margin of 6.96% and a return on equity of 16.32%. During the same quarter last year, the firm earned $0.43 earnings per share.
The business also recently announced a quarterly dividend, which will be paid on Thursday, February 14th. Investors of record on Monday, January 28th will be issued a dividend of $0.86 per share. This is an increase from ONEOK’s previous quarterly dividend of $0.86. The ex-dividend date of this dividend is Friday, January 25th. This represents a $3.44 annualized dividend and a dividend yield of 5.44%. ONEOK’s payout ratio is presently 194.32%.
Several hedge funds have recently made changes to their positions in OKE. JNBA Financial Advisors raised its stake in ONEOK by 827.4% in the 3rd quarter. JNBA Financial Advisors now owns 2,031 shares of the utilities provider’s stock worth $138,000 after purchasing an additional 1,812 shares in the last quarter. TRUE Private Wealth Advisors acquired a new stake in ONEOK in the 3rd quarter worth about $140,000. Meeder Asset Management Inc. acquired a new stake in ONEOK in the 4th quarter worth about $123,000. Rehmann Capital Advisory Group raised its stake in ONEOK by 205.6% in the 2nd quarter. Rehmann Capital Advisory Group now owns 2,442 shares of the utilities provider’s stock worth $171,000 after purchasing an additional 1,643 shares in the last quarter. Finally, Palo Capital Inc. acquired a new stake in ONEOK in the 3rd quarter worth about $175,000. 73.13% of the stock is owned by institutional investors and hedge funds.
ONEOK Company Profile
ONEOK, Inc, through its general partner interests in ONEOK Partners, L.P., engages in the gathering, processing, storage, and transportation of natural gas in the United States. The company operates through Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines segments.
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