ONEOK (NYSE:OKE) Upgraded at Wall Street Zen

ONEOK (NYSE:OKE) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday.

A number of other brokerages have also recently weighed in on OKE. Weiss Ratings upgraded shares of ONEOK from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 18th. Scotiabank cut shares of ONEOK from a “sector outperform” rating to a “sector perform” rating and decreased their price target for the stock from $92.00 to $89.00 in a research note on Thursday, April 30th. JPMorgan Chase & Co. increased their price target on shares of ONEOK from $91.00 to $92.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Wolfe Research cut shares of ONEOK from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, February 25th. Finally, Mizuho set a $89.00 price target on shares of ONEOK in a research note on Monday, February 23rd. Eight analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $91.88.

ONEOK Trading Down 0.1%

NYSE OKE opened at $93.98 on Tuesday. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.71 and a quick ratio of 0.56. The firm’s fifty day moving average price is $88.72 and its 200 day moving average price is $80.79. The company has a market capitalization of $59.21 billion, a price-to-earnings ratio of 16.75, a price-to-earnings-growth ratio of 6.84 and a beta of 0.78. ONEOK has a 12 month low of $64.02 and a 12 month high of $96.07.

ONEOK (NYSE:OKE) last issued its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $1.23 earnings per share for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.07). The business had revenue of $9.62 billion for the quarter, compared to analyst estimates of $8.23 billion. ONEOK had a return on equity of 16.06% and a net margin of 10.03%.During the same quarter in the prior year, the company earned $1.04 EPS. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. On average, sell-side analysts expect that ONEOK will post 5.76 earnings per share for the current fiscal year.

Institutional Trading of ONEOK

Several hedge funds have recently made changes to their positions in OKE. Capital International Investors acquired a new stake in shares of ONEOK in the 4th quarter worth $586,500,000. Norges Bank acquired a new stake in shares of ONEOK in the 4th quarter worth $564,867,000. First Eagle Investment Management LLC lifted its stake in shares of ONEOK by 46.3% in the 4th quarter. First Eagle Investment Management LLC now owns 11,365,304 shares of the utilities provider’s stock worth $835,350,000 after acquiring an additional 3,596,089 shares during the period. Danske Bank A S lifted its stake in shares of ONEOK by 3,538.4% in the 4th quarter. Danske Bank A S now owns 1,691,433 shares of the utilities provider’s stock worth $124,320,000 after acquiring an additional 1,644,945 shares during the period. Finally, Man Group plc lifted its stake in shares of ONEOK by 292.1% in the 2nd quarter. Man Group plc now owns 1,558,993 shares of the utilities provider’s stock worth $127,261,000 after acquiring an additional 1,161,352 shares during the period. Institutional investors and hedge funds own 69.13% of the company’s stock.

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.