ONEOK (NYSE:OKE) Stock Rating Upgraded by Jefferies Financial Group

ONEOK (NYSE:OKE) was upgraded by Jefferies Financial Group from a “hold” rating to a “buy” rating in a note issued to investors on Friday,Finviz reports. The brokerage presently has a $98.00 price target on the utilities provider’s stock. Jefferies Financial Group’s price objective indicates a potential upside of 11.03% from the stock’s current price.

Several other equities analysts have also recently issued reports on OKE. JPMorgan Chase & Co. cut shares of ONEOK from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $87.00 to $83.00 in a research report on Tuesday, January 27th. Barclays lifted their price objective on ONEOK from $76.00 to $82.00 and gave the company an “equal weight” rating in a research report on Thursday, March 5th. UBS Group reduced their target price on ONEOK from $114.00 to $103.00 and set a “buy” rating on the stock in a report on Thursday, January 22nd. Morgan Stanley reissued an “overweight” rating and issued a $104.00 target price on shares of ONEOK in a research report on Wednesday, January 28th. Finally, Wells Fargo & Company raised their target price on ONEOK from $79.00 to $81.00 and gave the company an “equal weight” rating in a research note on Friday, March 13th. Eight investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $87.53.

ONEOK Stock Performance

Shares of OKE stock opened at $88.27 on Friday. The firm has a market capitalization of $55.59 billion, a price-to-earnings ratio of 16.29, a PEG ratio of 6.56 and a beta of 0.93. The stock has a fifty day moving average of $81.76 and a 200 day moving average of $75.08. ONEOK has a 52 week low of $64.02 and a 52 week high of $103.64. The company has a quick ratio of 0.56, a current ratio of 0.71 and a debt-to-equity ratio of 1.36.

ONEOK (NYSE:OKE) last issued its quarterly earnings data on Monday, February 23rd. The utilities provider reported $1.55 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to the consensus estimate of $8.77 billion. During the same period in the previous year, the firm earned $1.57 EPS. ONEOK has set its FY 2026 guidance at 5.040-5.870 EPS. As a group, research analysts expect that ONEOK will post 5.07 earnings per share for the current year.

Hedge Funds Weigh In On ONEOK

Several large investors have recently made changes to their positions in OKE. Rockefeller Capital Management L.P. raised its stake in ONEOK by 17.8% during the fourth quarter. Rockefeller Capital Management L.P. now owns 395,776 shares of the utilities provider’s stock valued at $29,090,000 after buying an additional 59,666 shares during the last quarter. World Investment Advisors boosted its holdings in ONEOK by 78.8% in the fourth quarter. World Investment Advisors now owns 20,615 shares of the utilities provider’s stock worth $1,515,000 after acquiring an additional 9,083 shares in the last quarter. Brighton Securities CORP. grew its stake in shares of ONEOK by 58.4% in the fourth quarter. Brighton Securities CORP. now owns 5,355 shares of the utilities provider’s stock worth $394,000 after acquiring an additional 1,975 shares during the last quarter. Worthington Financial Partners LLC purchased a new stake in shares of ONEOK in the fourth quarter worth $220,000. Finally, Pure Financial Advisors LLC increased its holdings in shares of ONEOK by 6.7% during the fourth quarter. Pure Financial Advisors LLC now owns 6,810 shares of the utilities provider’s stock valued at $501,000 after acquiring an additional 428 shares in the last quarter. 69.13% of the stock is currently owned by hedge funds and other institutional investors.

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.