ONEOK, Inc. (NYSE:OKE) Receives $91.94 Consensus Price Target from Brokerages

ONEOK, Inc. (NYSE:OKE) has been assigned an average rating of “Moderate Buy” from the nineteen research firms that are covering the company, MarketBeat Ratings reports. Ten investment analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $91.9375.

OKE has been the topic of several recent research reports. Royal Bank Of Canada increased their price target on ONEOK from $84.00 to $90.00 and gave the company a “sector perform” rating in a report on Tuesday, July 21st. Truist Financial boosted their price objective on shares of ONEOK from $91.00 to $93.00 and gave the company a “hold” rating in a research report on Monday, May 4th. Citigroup increased their target price on shares of ONEOK from $95.00 to $97.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Morgan Stanley raised their target price on shares of ONEOK from $103.00 to $105.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 18th. Finally, Raymond James Financial reiterated an “outperform” rating and set a $92.00 price target on shares of ONEOK in a report on Thursday, April 30th.

ONEOK Price Performance

OKE stock opened at $94.87 on Friday. ONEOK has a one year low of $64.02 and a one year high of $97.90. The company’s fifty day moving average price is $90.70 and its 200-day moving average price is $88.67. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.59 and a current ratio of 0.74. The company has a market capitalization of $59.81 billion, a PE ratio of 16.36, a price-to-earnings-growth ratio of 2.65 and a beta of 0.73.

ONEOK (NYSE:OKE) last released its quarterly earnings data on Monday, August 3rd. The utilities provider reported $1.53 EPS for the quarter, beating the consensus estimate of $1.46 by $0.07. ONEOK had a net margin of 9.29% and a return on equity of 16.41%. The business had revenue of $12.05 billion during the quarter, compared to analyst estimates of $8.95 billion. During the same quarter last year, the business earned $1.34 earnings per share. ONEOK has set its FY 2026 guidance at 5.680-5.680 EPS. On average, equities analysts anticipate that ONEOK will post 5.84 EPS for the current fiscal year.

ONEOK Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Monday, August 3rd were given a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a dividend yield of 4.5%. The ex-dividend date was Monday, August 3rd. ONEOK’s payout ratio is 73.79%.

Institutional Investors Weigh In On ONEOK

Several hedge funds and other institutional investors have recently modified their holdings of OKE. Corient Private Wealth LP grew its position in ONEOK by 6.1% in the 2nd quarter. Corient Private Wealth LP now owns 200,232 shares of the utilities provider’s stock valued at $17,408,000 after acquiring an additional 11,533 shares during the last quarter. Amundi lifted its position in shares of ONEOK by 7.0% during the second quarter. Amundi now owns 4,443,388 shares of the utilities provider’s stock worth $386,308,000 after purchasing an additional 289,297 shares during the last quarter. First Eagle Investment Management LLC lifted its position in shares of ONEOK by 1.3% during the second quarter. First Eagle Investment Management LLC now owns 11,834,827 shares of the utilities provider’s stock worth $1,028,920,000 after purchasing an additional 155,652 shares during the last quarter. California State Teachers Retirement System boosted its stake in shares of ONEOK by 6,935.8% during the second quarter. California State Teachers Retirement System now owns 119,843,399 shares of the utilities provider’s stock valued at $10,419,185,000 after purchasing an additional 118,140,062 shares during the period. Finally, Ameritas Advisory Services LLC grew its holdings in shares of ONEOK by 287.5% in the second quarter. Ameritas Advisory Services LLC now owns 41,444 shares of the utilities provider’s stock worth $3,603,000 after purchasing an additional 30,748 shares during 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.