Wolfe Research Downgrades ONEOK (NYSE:OKE) to Peer Perform

ONEOK (NYSE:OKE) was downgraded by research analysts at Wolfe Research from an “outperform” rating to a “peer perform” rating in a research note issued on Wednesday, MarketBeat reports.

Several other analysts also recently weighed in on the stock. UBS Group decreased their price target on shares of ONEOK from $114.00 to $103.00 and set a “buy” rating for the company in a research note on Thursday, January 22nd. Wells Fargo & Company decreased their target price on ONEOK from $90.00 to $82.00 and set an “equal weight” rating for the company in a research report on Thursday, October 30th. The Goldman Sachs Group reissued a “neutral” rating and set a $72.00 price target on shares of ONEOK in a research report on Monday, November 3rd. Citigroup cut their price target on ONEOK from $102.00 to $95.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of ONEOK in a research note on Monday, December 29th. Seven research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $86.07.

ONEOK Trading Up 2.0%

OKE opened at $83.94 on Wednesday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.75 and a current ratio of 0.71. The stock’s 50 day moving average price is $77.96 and its 200-day moving average price is $73.92. ONEOK has a one year low of $64.02 and a one year high of $103.64. The stock has a market cap of $52.86 billion, a price-to-earnings ratio of 15.49, a P/E/G ratio of 4.85 and a beta of 0.96.

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

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of OKE. MidFirst Bank acquired a new position in ONEOK during the 4th quarter valued at about $9,533,000. Alternative Investment Advisors LLC. increased its holdings in shares of ONEOK by 1.4% during the fourth quarter. Alternative Investment Advisors LLC. now owns 12,832 shares of the utilities provider’s stock valued at $943,000 after acquiring an additional 183 shares in the last quarter. SG Trading Solutions LLC purchased a new position in shares of ONEOK in the 4th quarter valued at approximately $498,000. Pacer Advisors Inc. boosted its stake in ONEOK by 18.6% in the 4th quarter. Pacer Advisors Inc. now owns 129,728 shares of the utilities provider’s stock worth $9,535,000 after purchasing an additional 20,302 shares in the last quarter. Finally, Floyd Financial Group LLC grew its position in ONEOK by 3.2% during the 4th quarter. Floyd Financial Group LLC now owns 11,851 shares of the utilities provider’s stock worth $871,000 after purchasing an additional 373 shares during the last quarter. Institutional investors own 69.13% of the company’s stock.

Trending Headlines about ONEOK

Here are the key news stories impacting ONEOK this week:

• Positive Sentiment: Q4 earnings beat and revenue growth: OKE reported Q4 EPS above expectations and revenue jumped ~29% year-over-year, supporting near‑term earnings credibility despite margin pressure and a steady 2026 outlook. ONEOK Q4 Earnings Top Estimates
• Positive Sentiment: Strategic shift to multi‑commodity infrastructure: Coverage highlights ONEOK’s repositioning beyond NGLs toward multi‑commodity assets targeting AI data-center energy demand — a long-term growth narrative that could increase future EBITDA diversification. ONEOK Redefines Itself As Multi Commodity Player For AI Energy Demand
• Positive Sentiment: Dividend resilience: Coverage notes ONEOK’s high yield (~4.9%) and capacity to continue supporting the dividend after recent growth, which tends to attract income-focused investors. After A Recent Growth Spurt, This 4.9%-Yielding Dividend Stock is Slowing to A Crawl in 2026
• Neutral Sentiment: Aggregate analyst expectations: Compilations of analyst notes show mixed near‑term views — consensus sees 2026 as transitional with growth resuming in 2027; this leaves sentiment balanced between beat/upgrade catalysts and cautious guidance. Analyst Expectations For ONEOK’s Future
• Negative Sentiment: Price-target cut at Stifel: Stifel trimmed its price target to $91 (from $94) while keeping a Buy, citing 2026 guidance below Street expectations and viewing 2026 as a transition year — a modest near‑term headwind for sentiment. Oneok price target lowered to $91 from $94 at Stifel
• Negative Sentiment: Downgrade and caution from Wolfe/Wells Fargo: Wolfe Research downgraded OKE to peer‑perform and commentary (also reported by Seeking Alpha) flagged below‑average growth in a lower commodity-price backdrop; Wells Fargo cut its PT to $79 and moved to equal weight — these moves add selling pressure and weaken near‑term analyst support. ONEOK cut at Wolfe Wells Fargo price target cut (Benzinga)

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.