ONEOK, Inc. (NYSE:OKE – Free Report) – Analysts at US Capital Advisors dropped their Q1 2026 EPS estimates for ONEOK in a research report issued on Monday, March 23rd. US Capital Advisors analyst J. Carreker now expects that the utilities provider will post earnings of $1.32 per share for the quarter, down from their previous forecast of $1.44. The consensus estimate for ONEOK’s current full-year earnings is $5.07 per share. US Capital Advisors also issued estimates for ONEOK’s Q2 2026 earnings at $1.38 EPS, Q3 2026 earnings at $1.42 EPS, Q4 2026 earnings at $1.50 EPS, FY2026 earnings at $5.63 EPS, Q1 2027 earnings at $1.42 EPS, Q2 2027 earnings at $1.46 EPS, Q3 2027 earnings at $1.52 EPS, Q4 2027 earnings at $1.61 EPS, FY2027 earnings at $6.01 EPS and FY2028 earnings at $6.80 EPS.
Several other research firms have also recently commented on OKE. Wells Fargo & Company raised ONEOK from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $81.00 to $100.00 in a report on Wednesday. Weiss Ratings reiterated a “hold (c)” rating on shares of ONEOK in a research report on Monday, December 29th. Jefferies Financial Group raised ONEOK from a “hold” rating to a “buy” rating and raised their target price for the company from $85.00 to $98.00 in a report on Friday, March 20th. Mizuho set a $89.00 target price on shares of ONEOK in a research report on Monday, February 23rd. Finally, Truist Financial began coverage on shares of ONEOK in a report on Tuesday. They issued a “hold” rating and a $91.00 price target for the company. Nine analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $88.94.
ONEOK Price Performance
Shares of OKE opened at $92.12 on Tuesday. The company has a current ratio of 0.71, a quick ratio of 0.56 and a debt-to-equity ratio of 1.36. The stock’s 50 day moving average is $83.10 and its two-hundred day moving average is $75.54. ONEOK has a twelve month low of $64.02 and a twelve month high of $103.61. The firm has a market capitalization of $58.02 billion, a PE ratio of 17.00, a P/E/G ratio of 6.90 and a beta of 0.93.
ONEOK (NYSE:OKE – Get Free Report) last posted its quarterly earnings results on Monday, February 23rd. The utilities provider reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.50 by $0.05. The firm had revenue of $9.07 billion during the quarter, compared to analysts’ expectations of $8.77 billion. ONEOK had a net margin of 10.09% and a return on equity of 15.29%. During the same period in the prior year, the company posted $1.57 earnings per share. ONEOK has set its FY 2026 guidance at 5.040-5.870 EPS.
Hedge Funds Weigh In On ONEOK
Several institutional investors and hedge funds have recently bought and sold shares of OKE. National Pension Service boosted its stake in shares of ONEOK by 2.9% in the third quarter. National Pension Service now owns 857,949 shares of the utilities provider’s stock valued at $62,605,000 after purchasing an additional 24,003 shares during the period. Hudson Edge Investment Partners Inc. increased its stake in ONEOK by 34.1% during the 3rd quarter. Hudson Edge Investment Partners Inc. now owns 87,667 shares of the utilities provider’s stock worth $6,397,000 after buying an additional 22,282 shares during the period. Nordea Investment Management AB lifted its holdings in ONEOK by 7.5% in the 3rd quarter. Nordea Investment Management AB now owns 777,262 shares of the utilities provider’s stock worth $55,885,000 after buying an additional 54,444 shares in the last quarter. Tectonic Advisors LLC lifted its holdings in ONEOK by 41.1% in the 3rd quarter. Tectonic Advisors LLC now owns 188,842 shares of the utilities provider’s stock worth $13,780,000 after buying an additional 55,024 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its position in ONEOK by 29.6% in the 3rd quarter. Jones Financial Companies Lllp now owns 534,285 shares of the utilities provider’s stock valued at $39,401,000 after buying an additional 121,891 shares during the last quarter. Institutional investors and hedge funds own 69.13% of the company’s stock.
ONEOK Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Monday, February 2nd were given a $1.07 dividend. This is a boost from ONEOK’s previous quarterly dividend of $1.03. This represents a $4.28 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend was Monday, February 2nd. ONEOK’s dividend payout ratio is 78.97%.
Key Headlines Impacting ONEOK
Here are the key news stories impacting ONEOK this week:
- Positive Sentiment: Wells Fargo upgraded ONEOK to Overweight and raised its price target to $100 (from $81), signaling increased upside and likely driving buying interest. Wall Street Raises ONEOK Price Target to $100
- Positive Sentiment: Analysts/Wells Fargo note geopolitical developments (war-related demand) could boost U.S. LPG exporters, supporting volumes and margins for midstream owners like ONEOK. Enterprise Products, ONEOK raised at Wells Fargo as war boost seen for US LPG exporters
- Positive Sentiment: Feature pieces highlight ONEOK’s pipeline and infrastructure role in energy distribution — a steady earnings and cash-flow driver that supports dividend and valuation multiple resilience. ONEOK Pipeline Infrastructure Drives Energy Distribution
- Neutral Sentiment: Truist initiated coverage with a Hold rating and $91 price target — a vote for stability but not an immediate catalyst. Truist initiates coverage of ONEOK with Hold
- Neutral Sentiment: Energy-sector action was mixed broadly, so sector flows may temper or amplify OKE moves depending on oil/gas/LPG headlines. Sector Update: Energy Stocks Mixed Late Afternoon
- Neutral Sentiment: ONEOK announced board transitions (two directors retiring) — typical governance update; watch for any strategic commentary but not an immediate earnings impact. ONEOK Announces Board Transitions
- Negative Sentiment: US Capital Advisors trimmed short‑term and FY estimates (Q1–Q4 and FY2026/FY2027), cutting several quarterly EPS forecasts — a downside to near-term expectations that could cap multiple expansion. Market analyst estimate updates for ONEOK
- Neutral Sentiment: Market momentum note: OKE has risen notably since the February earnings release, which may attract momentum traders but also raises the bar for further near-term gains. Oneok Up 9.7% Since Last Earnings Report
About ONEOK
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.
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