Q2 Earnings Estimate for ONEOK Issued By US Capital Advisors

ONEOK, Inc. (NYSE:OKE) – Equities researchers at US Capital Advisors raised their Q2 2026 earnings per share estimates for ONEOK in a note issued to investors on Friday, May 29th. US Capital Advisors analyst J. Carreker now expects that the utilities provider will earn $1.46 per share for the quarter, up from their previous forecast of $1.38. The consensus estimate for ONEOK’s current full-year earnings is $5.76 per share. US Capital Advisors also issued estimates for ONEOK’s Q3 2026 earnings at $1.43 EPS, Q4 2026 earnings at $1.49 EPS, Q1 2027 earnings at $1.43 EPS, Q4 2027 earnings at $1.62 EPS, FY2027 earnings at $6.03 EPS and FY2028 earnings at $6.88 EPS.

Other equities analysts also recently issued research reports about the company. Freedom Capital raised ONEOK from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th. JPMorgan Chase & Co. upped their target price on ONEOK from $91.00 to $92.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Jefferies Financial Group upped their target price on ONEOK from $98.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, April 8th. Truist Financial raised their price objective on ONEOK from $91.00 to $93.00 and gave the stock a “hold” rating in a research note on Monday, May 4th. Finally, Scotiabank lowered ONEOK from a “sector outperform” rating to a “sector perform” rating and lowered their price objective for the stock from $92.00 to $89.00 in a research note on Thursday, April 30th. Eight analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $91.88.

ONEOK Price Performance

ONEOK stock opened at $84.96 on Tuesday. ONEOK has a 12 month low of $64.02 and a 12 month high of $96.07. The stock’s 50 day moving average is $88.78 and its 200-day moving average is $81.47. The company has a current ratio of 0.71, a quick ratio of 0.56 and a debt-to-equity ratio of 1.37. The company has a market capitalization of $53.52 billion, a price-to-earnings ratio of 15.14, a PEG ratio of 6.23 and a beta of 0.74.

ONEOK (NYSE:OKE) last posted its earnings results on Tuesday, April 28th. The utilities provider reported $1.23 EPS for the quarter, missing the consensus estimate of $1.30 by ($0.07). ONEOK had a net margin of 10.03% and a return on equity of 16.06%. The firm had revenue of $9.62 billion during the quarter, compared to analyst estimates of $8.23 billion. During the same period in the previous year, the company posted $1.04 EPS. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS.

Institutional Investors Weigh In On ONEOK

Hedge funds have recently modified their holdings of the company. National Pension Service raised its position in ONEOK by 2.9% during the 3rd quarter. National Pension Service now owns 857,949 shares of the utilities provider’s stock worth $62,605,000 after purchasing an additional 24,003 shares during the last quarter. Legal & General Group Plc raised its position in ONEOK by 1.6% during the 3rd quarter. Legal & General Group Plc now owns 5,218,376 shares of the utilities provider’s stock worth $380,785,000 after purchasing an additional 80,683 shares during the last quarter. Jones Financial Companies Lllp raised its position in shares of ONEOK by 29.6% in the 3rd quarter. Jones Financial Companies Lllp now owns 534,285 shares of the utilities provider’s stock worth $39,401,000 after acquiring an additional 121,891 shares in the last quarter. WBI Investments LLC raised its position in shares of ONEOK by 221.5% in the 3rd quarter. WBI Investments LLC now owns 35,768 shares of the utilities provider’s stock worth $2,610,000 after acquiring an additional 24,643 shares in the last quarter. Finally, Aberdeen Group plc raised its position in shares of ONEOK by 46.0% in the 4th quarter. Aberdeen Group plc now owns 957,663 shares of the utilities provider’s stock worth $70,388,000 after acquiring an additional 301,654 shares in the last quarter. Institutional investors and hedge funds own 69.13% of the company’s stock.

ONEOK Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 4th were issued a dividend of $1.07 per share. The ex-dividend date of this dividend was Monday, May 4th. This represents a $4.28 annualized dividend and a dividend yield of 5.0%. ONEOK’s dividend payout ratio (DPR) is 76.29%.

About ONEOK

ONEOK, Inc (NYSE: OKE) is a publicly traded midstream energy company headquartered in Tulsa, Oklahoma. The company owns and operates a portfolio of natural gas and natural gas liquids (NGL) pipelines, processing facilities, fractionators and storage and terminal assets. Its operations are focused on gathering, processing, transporting, fractionating and marketing NGLs and interstate natural gas, providing critical infrastructure that connects hydrocarbon production to refineries, petrochemical plants and other end markets.

ONEOK’s asset base includes pipeline systems and processing plants that move and condition natural gas, along with infrastructure for the transportation, storage and fractionation of NGLs such as ethane, propane and butane.