Brokerages Set ONEOK, Inc. (NYSE:OKE) PT at $96.06

Shares of ONEOK, Inc. (NYSE:OKE) have received a consensus rating of “Hold” from the nineteen ratings firms that are covering the stock, MarketBeat.com reports. Twelve analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $96.0625.

Several research analysts recently issued reports on the company. Wells Fargo & Company upped their target price on ONEOK from $98.00 to $106.00 and gave the company an “overweight” rating in a research report on Wednesday, September 2nd. Scotiabank raised their price target on ONEOK from $89.00 to $95.00 and gave the stock a “sector perform” rating in a report on Tuesday, September 1st. Weiss Ratings upgraded ONEOK from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, August 31st. JPMorgan Chase & Co. upped their price objective on shares of ONEOK from $95.00 to $106.00 and gave the company a “neutral” rating in a report on Tuesday, September 1st. Finally, Stifel Nicolaus initiated coverage on shares of ONEOK in a research report on Thursday, September 10th. They issued a “hold” rating and a $105.00 price objective for the company.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. GTS Securities LLC raised its stake in ONEOK by 4.3% during the 2nd quarter. GTS Securities LLC now owns 2,573 shares of the utilities provider’s stock worth $224,000 after buying an additional 105 shares during the period. Meridian Wealth Management LLC boosted its holdings in ONEOK by 1.8% in the second quarter. Meridian Wealth Management LLC now owns 6,598 shares of the utilities provider’s stock worth $574,000 after acquiring an additional 115 shares in the last quarter. Clearstead Trust LLC grew its stake in ONEOK by 4.7% in the first quarter. Clearstead Trust LLC now owns 2,632 shares of the utilities provider’s stock valued at $238,000 after acquiring an additional 117 shares during the period. Welch Group LLC increased its holdings in shares of ONEOK by 0.8% during the first quarter. Welch Group LLC now owns 14,859 shares of the utilities provider’s stock valued at $1,343,000 after acquiring an additional 122 shares in the last quarter. Finally, Pine Valley Investments Ltd Liability Co increased its holdings in shares of ONEOK by 0.5% during the first quarter. Pine Valley Investments Ltd Liability Co now owns 26,261 shares of the utilities provider’s stock valued at $2,374,000 after acquiring an additional 122 shares in the last quarter. Hedge funds and other institutional investors own 69.13% of the company’s stock.

ONEOK Price Performance

Shares of OKE opened at $91.84 on Tuesday. The company has a 50 day moving average of $93.00 and a two-hundred day moving average of $89.89. The company has a quick ratio of 0.59, a current ratio of 0.74 and a debt-to-equity ratio of 1.34. ONEOK has a twelve month low of $64.02 and a twelve month high of $99.85. The company has a market cap of $57.89 billion, a price-to-earnings ratio of 15.83, a price-to-earnings-growth ratio of 2.65 and a beta of 0.74.

ONEOK (NYSE:OKE) last issued its quarterly earnings results on Monday, August 3rd. The utilities provider reported $1.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.07. The business had revenue of $12.05 billion for the quarter, compared to the consensus estimate of $8.95 billion. ONEOK had a return on equity of 16.41% and a net margin of 9.29%.During the same period in the prior year, the firm posted $1.34 earnings per share. ONEOK has set its FY 2026 guidance at 5.680-5.680 EPS. As a group, analysts predict that ONEOK will post 5.74 earnings per share for the current fiscal year.

ONEOK Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Monday, August 3rd were paid a dividend of $1.07 per share. The ex-dividend date was Monday, August 3rd. This represents a $4.28 dividend on an annualized basis and a yield of 4.7%. ONEOK’s dividend payout ratio is presently 73.79%.

About ONEOK

ONEOK, Inc (NYSE: OKE) is an energy infrastructure company that gathers, processes, stores and transports natural gas and natural gas liquids (NGLs). Its operations connect production areas with domestic and international markets through pipelines, processing facilities, fractionation plants, storage assets and export infrastructure.

The company’s services include natural gas gathering and processing, interstate and intrastate natural gas transportation and storage, and the gathering, fractionation, storage and transportation of NGLs such as ethane, propane, normal butane, isobutane and natural gasoline.