ONEOK (NYSE:OKE) Issues FY 2022 Earnings Guidance

ONEOK (NYSE:OKEGet Rating) issued an update on its FY 2022 earnings guidance on Monday morning. The company provided EPS guidance of $3.45-$4.07 for the period, compared to the consensus EPS estimate of $3.94. The company issued revenue guidance of -.

NYSE:OKE traded down $3.89 during trading hours on Monday, hitting $61.71. The stock had a trading volume of 3,943,550 shares, compared to its average volume of 2,885,618. The business’s 50 day moving average is $68.46 and its 200-day moving average is $64.12. The company has a debt-to-equity ratio of 2.13, a quick ratio of 0.56 and a current ratio of 0.76. ONEOK has a one year low of $48.51 and a one year high of $75.07. The company has a market cap of $27.56 billion, a price-to-earnings ratio of 18.31, a P/E/G ratio of 2.03 and a beta of 1.75.

ONEOK (NYSE:OKEGet Rating) last issued its quarterly earnings data on Tuesday, May 3rd. The utilities provider reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.02). ONEOK had a return on equity of 25.33% and a net margin of 8.01%. During the same quarter in the prior year, the company posted $0.86 EPS. On average, sell-side analysts anticipate that ONEOK will post 3.86 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 16th. Investors of record on Monday, May 2nd will be issued a dividend of $0.935 per share. This represents a $3.74 annualized dividend and a yield of 6.06%. The ex-dividend date of this dividend is Friday, April 29th. ONEOK’s payout ratio is 110.98%.

A number of research firms recently commented on OKE. Morgan Stanley raised their price target on shares of ONEOK from $70.00 to $81.00 and gave the stock an equal weight rating in a research report on Tuesday, April 26th. Wells Fargo & Company lifted their price target on shares of ONEOK from $66.00 to $69.00 and gave the company an equal weight rating in a report on Tuesday, March 8th. Mizuho lifted their target price on shares of ONEOK from $61.00 to $63.00 and gave the stock a neutral rating in a research report on Wednesday, March 2nd. Credit Suisse Group boosted their price target on shares of ONEOK from $64.00 to $66.00 and gave the stock a neutral rating in a research report on Tuesday, March 15th. Finally, StockNews.com began coverage on shares of ONEOK in a research note on Thursday, March 31st. They issued a hold rating for the company. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of Hold and a consensus target price of $67.14.

In related news, Director Mark W. Helderman sold 30,000 shares of the company’s stock in a transaction on Thursday, March 3rd. The stock was sold at an average price of $67.27, for a total transaction of $2,018,100.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.65% of the stock is currently owned by corporate insiders.

Institutional investors have recently bought and sold shares of the stock. Parametric Portfolio Associates LLC lifted its position in shares of ONEOK by 0.4% in the fourth quarter. Parametric Portfolio Associates LLC now owns 2,539,501 shares of the utilities provider’s stock valued at $149,221,000 after acquiring an additional 10,720 shares in the last quarter. Barclays PLC lifted its position in ONEOK by 96.5% during the fourth quarter. Barclays PLC now owns 1,646,508 shares of the utilities provider’s stock worth $96,750,000 after buying an additional 808,702 shares in the last quarter. California State Teachers Retirement System lifted its position in ONEOK by 3.3% during the fourth quarter. California State Teachers Retirement System now owns 825,603 shares of the utilities provider’s stock worth $48,512,000 after buying an additional 26,416 shares in the last quarter. Metropolitan Life Insurance Co NY increased its stake in ONEOK by 16.0% during the fourth quarter. Metropolitan Life Insurance Co NY now owns 50,524 shares of the utilities provider’s stock worth $2,969,000 after acquiring an additional 6,975 shares during the last quarter. Finally, Allstate Corp increased its stake in ONEOK by 293.6% during the fourth quarter. Allstate Corp now owns 47,213 shares of the utilities provider’s stock worth $2,774,000 after acquiring an additional 35,217 shares during the last quarter. 65.46% of the stock is currently owned by hedge funds and other institutional investors.

About ONEOK (Get Rating)

ONEOK, Inc, together with its subsidiaries, engages in 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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Earnings History and Estimates for ONEOK (NYSE:OKE)

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