Analysts Set ONEOK, Inc. (NYSE:OKE) Target Price at $91.88

Shares of ONEOK, Inc. (NYSE:OKE) have been given a consensus rating of “Hold” by the eighteen brokerages that are presently covering the stock, MarketBeat Ratings reports. Eleven equities research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $91.8750.

Several research firms have recently commented on OKE. Weiss Ratings restated a “hold (c+)” rating on shares of ONEOK in a research note on Monday, May 4th. Wells Fargo & Company cut their price target on ONEOK from $100.00 to $98.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. Citigroup lifted their target price on shares of ONEOK from $95.00 to $97.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Mizuho set a $89.00 target price on shares of ONEOK in a report on Monday, February 23rd. Finally, Royal Bank Of Canada lifted their target price on shares of ONEOK from $79.00 to $84.00 and gave the company a “sector perform” rating in a report on Thursday, March 19th.

ONEOK Stock Up 1.4%

OKE stock opened at $92.31 on Wednesday. The company has a fifty day moving average price of $87.77 and a 200 day moving average price of $79.58. ONEOK has a 12 month low of $64.02 and a 12 month high of $95.30. The company has a market cap of $58.16 billion, a price-to-earnings ratio of 16.45, a price-to-earnings-growth ratio of 6.64 and a beta of 0.78. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.71 and a quick ratio of 0.56.

ONEOK (NYSE:OKE) last released its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $1.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.07). ONEOK had a return on equity of 16.06% and a net margin of 10.03%.The company had revenue of $9.62 billion for the quarter, compared to analysts’ expectations of $8.23 billion. During the same period in the prior year, the business earned $1.04 EPS. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. Sell-side analysts expect that ONEOK will post 5.73 earnings per share for the current year.

ONEOK Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 4th were paid a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date of this dividend was Monday, May 4th. ONEOK’s dividend payout ratio is 76.29%.

Institutional Investors Weigh In On ONEOK

Institutional investors have recently made changes to their positions in the stock. Brighton Jones LLC increased its position in ONEOK by 137.1% during the 4th quarter. Brighton Jones LLC now owns 15,278 shares of the utilities provider’s stock worth $1,534,000 after purchasing an additional 8,834 shares in the last quarter. Empowered Funds LLC increased its position in ONEOK by 0.8% during the 1st quarter. Empowered Funds LLC now owns 17,957 shares of the utilities provider’s stock worth $1,782,000 after purchasing an additional 137 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in ONEOK during the 1st quarter worth about $216,000. Federated Hermes Inc. increased its position in ONEOK by 14.0% during the 2nd quarter. Federated Hermes Inc. now owns 3,120 shares of the utilities provider’s stock worth $255,000 after purchasing an additional 383 shares in the last quarter. Finally, NewEdge Advisors LLC increased its position in ONEOK by 3.9% during the 2nd quarter. NewEdge Advisors LLC now owns 130,347 shares of the utilities provider’s stock worth $10,640,000 after purchasing an additional 4,902 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.