ONEOK, Inc. (NYSE:OKE) – Equities research analysts at US Capital Advisors increased their Q1 2018 EPS estimates for ONEOK in a research report issued on Wednesday. US Capital Advisors analyst B. Followill now expects that the utilities provider will earn $0.61 per share for the quarter, up from their prior estimate of $0.58. US Capital Advisors also issued estimates for ONEOK’s Q2 2018 earnings at $0.63 EPS, Q3 2018 earnings at $0.66 EPS, Q4 2018 earnings at $0.69 EPS, FY2018 earnings at $2.59 EPS and FY2019 earnings at $2.86 EPS.

ONEOK (NYSE:OKE) last announced its quarterly earnings results on Tuesday, October 31st. The utilities provider reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.06). The firm had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.80 billion. ONEOK had a net margin of 3.76% and a return on equity of 9.25%. During the same quarter in the prior year, the business earned $0.43 EPS.

A number of other analysts have also recently commented on the stock. Barclays upgraded shares of ONEOK from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $58.00 to $67.00 in a research note on Wednesday. BMO Capital Markets restated a “buy” rating and set a $64.00 target price on shares of ONEOK in a research note on Tuesday. Royal Bank of Canada upgraded shares of ONEOK from a “sector perform” rating to an “outperform” rating in a research note on Tuesday. Wells Fargo & Co upgraded shares of ONEOK from a “market perform” rating to an “outperform” rating in a research note on Thursday, January 11th. Finally, Bank of America began coverage on shares of ONEOK in a research note on Tuesday, January 9th. They set a “neutral” rating for the company. Nine equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $59.93.

Shares of ONEOK (NYSE:OKE) traded down $1.27 during mid-day trading on Friday, reaching $58.14. 3,439,100 shares of the company’s stock were exchanged, compared to its average volume of 3,727,617. The firm has a market capitalization of $24,386.39, a PE ratio of 36.34, a P/E/G ratio of 2.25 and a beta of 1.25. The company has a current ratio of 0.55, a quick ratio of 0.41 and a debt-to-equity ratio of 1.47. ONEOK has a 12-month low of $47.14 and a 12-month high of $60.06.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 14th. Investors of record on Monday, January 29th will be given a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 5.30%. This is a positive change from ONEOK’s previous quarterly dividend of $0.75. The ex-dividend date is Friday, January 26th. ONEOK’s dividend payout ratio (DPR) is currently 186.25%.

In other ONEOK news, Director Brian L. Derksen purchased 1,800 shares of the stock in a transaction that occurred on Monday, November 20th. The shares were acquired at an average cost of $51.00 per share, with a total value of $91,800.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.00% of the stock is currently owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its holdings in ONEOK by 1.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 912,694 shares of the utilities provider’s stock valued at $47,603,000 after buying an additional 13,443 shares during the period. Starr International Co. Inc. acquired a new position in shares of ONEOK in the 3rd quarter worth approximately $8,089,000. New York State Common Retirement Fund lifted its position in shares of ONEOK by 1.6% in the 3rd quarter. New York State Common Retirement Fund now owns 552,700 shares of the utilities provider’s stock worth $30,625,000 after purchasing an additional 8,800 shares during the period. Shell Asset Management Co. lifted its position in shares of ONEOK by 240.1% in the 3rd quarter. Shell Asset Management Co. now owns 47,465 shares of the utilities provider’s stock worth $3,111,000 after purchasing an additional 33,507 shares during the period. Finally, Lincoln National Corp acquired a new position in shares of ONEOK in the 3rd quarter worth approximately $374,000. 69.94% of the stock is currently owned by hedge funds and other institutional investors.

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ONEOK Company Profile

ONEOK, Inc is an energy midstream service provider in the United States. The Company owns and operates natural gas liquids (NGL) systems, and is engaged in the gathering, processing, storage and transportation of natural gas. THe Company’s operations include a 38,000-mile integrated network of NGL and natural gas pipelines, processing plants, fractionators and storage facilities in the Mid-Continent, Williston, Permian and Rocky Mountain regions.

Earnings History and Estimates for ONEOK (NYSE:OKE)

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