Truist Financial Initiates Coverage on ONEOK (NYSE:OKE)

Research analysts at Truist Financial started coverage on shares of ONEOK (NYSE:OKE) in a report issued on Tuesday, MarketBeat reports. The brokerage set a “hold” rating and a $91.00 price target on the utilities provider’s stock. Truist Financial’s price objective points to a potential downside of 1.22% from the stock’s current price.

A number of other brokerages have also recently issued reports on OKE. Barclays upped their price objective on shares of ONEOK from $76.00 to $82.00 and gave the stock an “equal weight” rating in a report on Thursday, March 5th. Jefferies Financial Group upgraded 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. Royal Bank Of Canada boosted their price target on ONEOK from $79.00 to $84.00 and gave the stock a “sector perform” rating in a research report on Thursday, March 19th. Morgan Stanley reiterated an “overweight” rating and set a $104.00 price target on shares of ONEOK in a research note on Wednesday, January 28th. Finally, Wolfe Research downgraded ONEOK from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, February 25th. Nine investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $88.94.

ONEOK Price Performance

NYSE OKE opened at $92.12 on Tuesday. The company has a quick ratio of 0.56, a current ratio of 0.71 and a debt-to-equity ratio of 1.36. The stock has a market capitalization of $58.02 billion, a PE ratio of 17.00, a price-to-earnings-growth ratio of 6.90 and a beta of 0.93. The company has a 50 day moving average price of $83.10 and a two-hundred day moving average price of $75.54. ONEOK has a 12-month low of $64.02 and a 12-month high of $103.61.

ONEOK (NYSE:OKE) last announced its quarterly earnings results on Monday, February 23rd. The utilities provider reported $1.55 EPS for the quarter, topping the consensus estimate of $1.50 by $0.05. The company had revenue of $9.07 billion for the quarter, compared to analyst estimates of $8.77 billion. ONEOK had a net margin of 10.09% and a return on equity of 15.29%. During the same quarter in the prior year, the business posted $1.57 EPS. ONEOK has set its FY 2026 guidance at 5.040-5.870 EPS. As a group, equities analysts predict that ONEOK will post 5.07 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ONEOK

Hedge funds have recently made changes to their positions in the stock. Zions Bancorporation National Association UT lifted its position in shares of ONEOK by 73.3% in the 4th quarter. Zions Bancorporation National Association UT now owns 338 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 143 shares during the period. Winnow Wealth LLC bought a new stake in shares of ONEOK during the third quarter valued at approximately $28,000. City Holding Co. bought a new stake in shares of ONEOK during the third quarter valued at approximately $28,000. Elyxium Wealth LLC acquired a new position in shares of ONEOK in the fourth quarter valued at $29,000. Finally, Global Wealth Strategies & Associates acquired a new position in shares of ONEOK in the third quarter valued at $29,000. Institutional investors own 69.13% of the company’s stock.

Key Stories 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

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.