ONEOK, Inc. (NYSE:OKE) – Analysts at US Capital Advisors increased their FY2018 earnings per share estimates for shares of ONEOK in a report released on Wednesday, October 17th, Zacks Investment Research reports. US Capital Advisors analyst C. Crosby now anticipates that the utilities provider will earn $2.84 per share for the year, up from their previous estimate of $2.75. US Capital Advisors currently has a “Buy” rating on the stock.
ONEOK (NYSE:OKE) last issued its earnings results on Tuesday, October 30th. The utilities provider reported $0.75 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.04. The company had revenue of $3.39 billion during the quarter, compared to the consensus estimate of $3.31 billion. ONEOK had a return on equity of 16.32% and a net margin of 6.96%. During the same period last year, the business posted $0.43 EPS.
Shares of OKE traded down $0.88 during trading hours on Friday, hitting $63.09. The stock had a trading volume of 2,410,421 shares, compared to its average volume of 2,515,783. The company has a market cap of $26.36 billion, a PE ratio of 35.85, a P/E/G ratio of 2.38 and a beta of 0.91. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.74 and a quick ratio of 0.51. ONEOK has a 1-year low of $49.65 and a 1-year high of $71.99.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 14th. Stockholders of record on Monday, November 5th will be paid a $0.855 dividend. This represents a $3.42 dividend on an annualized basis and a dividend yield of 5.42%. The ex-dividend date of this dividend is Friday, November 2nd. This is an increase from ONEOK’s previous quarterly dividend of $0.83. ONEOK’s payout ratio is presently 194.32%.
Several hedge funds and other institutional investors have recently made changes to their positions in OKE. BerganKDV Wealth Management LLC purchased a new position in shares of ONEOK in the 2nd quarter worth approximately $117,000. Private Capital Group LLC boosted its stake in shares of ONEOK by 12,150.0% in the 1st quarter. Private Capital Group LLC now owns 2,205 shares of the utilities provider’s stock worth $126,000 after buying an additional 2,187 shares during the last quarter. JNBA Financial Advisors boosted its stake in shares of 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 buying an additional 1,812 shares during the last quarter. TRUE Private Wealth Advisors bought a new stake in shares of ONEOK in the 3rd quarter worth approximately $140,000. Finally, Rehmann Capital Advisory Group raised its holdings in shares of 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 during the period. Hedge funds and other institutional investors own 73.46% of the company’s stock.
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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