ONEOK (NYSE:OKE) Earns Hold Rating from Analysts at Truist Financial

Analysts at Truist Financial assumed coverage on shares of ONEOK (NYSE:OKE) in a research report issued on Tuesday. The firm set a “hold” rating and a $91.00 price target on the utilities provider’s stock. Truist Financial’s price objective would suggest a potential upside of 1.22% from the company’s previous close.

A number of other analysts have also commented on OKE. Jefferies Financial Group raised shares of ONEOK from a “hold” rating to a “buy” rating and lifted their target price for the stock from $85.00 to $98.00 in a report on Friday. Morgan Stanley restated an “overweight” rating and issued a $104.00 price target on shares of ONEOK in a research report on Wednesday, January 28th. Mizuho set a $89.00 price objective on ONEOK in a research note on Monday, February 23rd. Royal Bank Of Canada upped their price objective on ONEOK from $79.00 to $84.00 and gave the company a “sector perform” rating in a report on Thursday, March 19th. Finally, Barclays increased their target price on ONEOK from $76.00 to $82.00 and gave the company an “equal weight” rating in a research note on Thursday, March 5th. Eight research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, ONEOK currently has a consensus rating of “Hold” and an average price target of $87.75.

ONEOK Stock Up 0.8%

Shares of NYSE OKE opened at $89.90 on Tuesday. The firm has a market capitalization of $56.62 billion, a PE ratio of 16.59, a price-to-earnings-growth ratio of 6.79 and a beta of 0.93. The company has a current ratio of 0.71, a quick ratio of 0.56 and a debt-to-equity ratio of 1.36. ONEOK has a 1 year low of $64.02 and a 1 year high of $103.64. The firm’s 50-day moving average is $82.44 and its 200-day moving average is $75.29.

ONEOK (NYSE:OKE) last posted its quarterly earnings results on Monday, February 23rd. The utilities provider reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.50 by $0.05. ONEOK had a net margin of 10.09% and a return on equity of 15.29%. The business had revenue of $9.07 billion during the quarter, compared to the consensus estimate of $8.77 billion. During the same period in the previous year, the firm posted $1.57 earnings per share. ONEOK has set its FY 2026 guidance at 5.040-5.870 EPS. Equities analysts expect that ONEOK will post 5.07 EPS for the current year.

Hedge Funds Weigh In On ONEOK

Institutional investors and hedge funds have recently modified their holdings of the business. Zions Bancorporation National Association UT boosted its holdings in shares of ONEOK by 73.3% in the fourth quarter. Zions Bancorporation National Association UT now owns 338 shares of the utilities provider’s stock valued at $25,000 after buying an additional 143 shares during the period. Winnow Wealth LLC bought a new stake in shares of ONEOK during the third quarter worth $28,000. City Holding Co. acquired a new stake in shares of ONEOK during the third quarter worth $28,000. Elyxium Wealth LLC acquired a new stake in shares of ONEOK during the fourth quarter worth $29,000. Finally, Global Wealth Strategies & Associates bought a new stake in ONEOK in the 3rd quarter valued at $29,000. 69.13% of the stock is currently owned by institutional investors and hedge funds.

ONEOK News Roundup

Here are the key news stories impacting ONEOK this week:

• Positive Sentiment: Jefferies upgraded ONEOK, a move that often boosts investor confidence and buying interest for pipeline/utilities names. Article Title
• Positive Sentiment: ONEOK earned membership in a “95-plus composite rating club” (strong composite score), a positive third‑party signal on quality/consistency that can attract yield‑seeking and quality‑focused investors. Article Title
• Neutral Sentiment: US Capital Advisors published a multi‑year forecast that shows long‑run upside (FY2028 EPS projected at $6.80), indicating they still see growth farther out even as near‑term trims were made.
• Negative Sentiment: US Capital Advisors cut multiple near‑term estimates (Q1 2026 to $1.32 from $1.44; Q2 2026 to $1.38 from $1.45; Q3 2026 to $1.42 from $1.49; Q4 2026 to $1.50 from $1.58) and reduced FY2026 (to $5.63 from $5.96) and FY2027 (to $6.01 from $6.34). Those downward revisions create headline risk and may weigh on sentiment for the remainder of the year.

ONEOK Company Profile

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.