ONEOK, Inc. (OKE) To Go Ex-Dividend on November 2nd

ONEOK, Inc. (NYSE:OKE) declared a quarterly dividend on Wednesday, October 14th. Investors of record on Monday, November 2nd will be paid a dividend of $1.07 per share by the utilities provider on Monday, November 16th. This represents a $4.28 annualized dividend and a yield of 4.7%. The ex-dividend date is Monday, November 2nd.

ONEOK has a dividend payout ratio of 69.6% meaning its dividend is sufficiently covered by earnings. Analysts expect ONEOK to earn $6.14 per share next year, which means the company should continue to be able to cover its $4.28 annual dividend with an expected future payout ratio of 69.7%.

ONEOK Stock Down 1.4%

ONEOK stock opened at $90.71 on Friday. The firm has a market cap of $57.18 billion, a price-to-earnings ratio of 15.67, a P/E/G ratio of 2.62 and a beta of 0.82. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.74 and a quick ratio of 0.59. ONEOK has a fifty-two week low of $64.02 and a fifty-two week high of $99.85. The firm has a fifty day moving average price of $92.58 and a two-hundred day moving average price of $90.10.

ONEOK (NYSE:OKE) last released its quarterly earnings results on Monday, August 3rd. The utilities provider reported $1.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.07. The company had revenue of $12.05 billion during the quarter, compared to analysts’ expectations of $8.95 billion. ONEOK had a net margin of 9.29% and a return on equity of 16.41%. During the same period in the prior year, the company earned $1.34 earnings per share. ONEOK has set its FY 2026 guidance at 5.680-5.680 EPS. As a group, analysts forecast that ONEOK will post 5.72 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently weighed in on OKE. Scotiabank reissued a “sector perform” rating and set a $96.00 price objective on shares of ONEOK in a research report on Thursday. Wall Street Zen raised ONEOK from a “sell” rating to a “hold” rating in a report on Sunday, August 9th. TD Cowen raised their target price on ONEOK from $90.00 to $93.00 and gave the company a “hold” rating in a report on Friday, September 11th. Royal Bank Of Canada lifted their price target on ONEOK from $84.00 to $90.00 and gave the stock a “sector perform” rating in a research report on Tuesday, July 21st. Finally, Weiss Ratings lowered ONEOK from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, October 6th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $96.26.

ONEOK Company Profile

ONEOK, Inc (NYSE: OKE) is a diversified energy infrastructure company that owns and operates midstream assets in the United States. Its operations connect producers, processors, storage facilities and end-use markets across major energy-producing and consuming regions.

The company’s businesses include natural gas gathering, processing, transportation and storage, as well as natural gas liquids (NGL) gathering, fractionation, storage and transportation. ONEOK also operates infrastructure serving refined products and crude oil markets, including pipelines and terminals.