ONEOK, Inc. (NYSE:OKE) – Stock analysts at US Capital Advisors lifted their Q2 2019 EPS estimates for ONEOK in a report released on Friday, May 24th. US Capital Advisors analyst B. Followill now forecasts that the utilities provider will post earnings per share of $0.76 for the quarter, up from their previous estimate of $0.73. US Capital Advisors also issued estimates for ONEOK’s Q3 2019 earnings at $0.77 EPS, Q4 2019 earnings at $0.79 EPS, FY2019 earnings at $3.13 EPS, Q1 2020 earnings at $0.91 EPS, Q2 2020 earnings at $0.89 EPS, Q3 2020 earnings at $0.91 EPS, Q4 2020 earnings at $0.98 EPS, FY2020 earnings at $3.69 EPS and FY2021 earnings at $4.02 EPS.
ONEOK (NYSE:OKE) last announced its quarterly earnings data on Tuesday, April 30th. The utilities provider reported $0.81 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.08. The business had revenue of $2.78 billion for the quarter, compared to analysts’ expectations of $2.70 billion. ONEOK had a net margin of 9.98% and a return on equity of 18.47%. During the same quarter in the prior year, the company earned $0.64 earnings per share.
Shares of OKE opened at $65.66 on Monday. The stock has a market capitalization of $27.07 billion, a price-to-earnings ratio of 23.62, a price-to-earnings-growth ratio of 1.95 and a beta of 1.20. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.55 and a current ratio of 0.79. ONEOK has a fifty-two week low of $50.26 and a fifty-two week high of $71.99.
Institutional investors have recently modified their holdings of the stock. C J Advisory Inc bought a new position in ONEOK during the first quarter valued at approximately $26,000. Reilly Financial Advisors LLC lifted its position in ONEOK by 142.4% during the fourth quarter. Reilly Financial Advisors LLC now owns 497 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 292 shares during the period. PRW Wealth Management LLC bought a new position in ONEOK during the fourth quarter valued at approximately $27,000. Pinnacle Financial Partners Inc. bought a new position in ONEOK during the first quarter valued at approximately $27,000. Finally, Buffington Mohr McNeal bought a new position in ONEOK during the first quarter valued at approximately $28,000. Institutional investors own 74.30% of the company’s stock.
In other news, Director Eduardo A. Rodriguez sold 1,500 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $66.75, for a total transaction of $100,125.00. Following the sale, the director now owns 15,536 shares in the company, valued at $1,037,028. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.60% of the company’s stock.
The company also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Monday, April 29th were issued a dividend of $0.865 per share. This is a boost from ONEOK’s previous quarterly dividend of $0.86. The ex-dividend date of this dividend was Friday, April 26th. This represents a $3.46 dividend on an annualized basis and a dividend yield of 5.27%. ONEOK’s dividend payout ratio is presently 124.46%.
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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