ONEOK, Inc. (NYSE:OKE) Given Consensus Rating of “Hold” by Analysts

Shares of ONEOK, Inc. (NYSE:OKE) have earned an average rating of “Hold” from the eighteen ratings firms that are currently covering the stock, MarketBeat Ratings reports. Ten analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $92.4375.

Several research firms have weighed in on OKE. Scotiabank downgraded shares of ONEOK from a “sector outperform” rating to a “sector perform” rating and dropped their target price for the stock from $92.00 to $89.00 in a research report on Thursday, April 30th. Barclays lowered their price objective on shares of ONEOK from $90.00 to $88.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 8th. Jefferies Financial Group boosted their price objective on shares of ONEOK from $98.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, April 8th. Weiss Ratings upgraded ONEOK from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 18th. Finally, JPMorgan Chase & Co. lifted their price target on ONEOK from $91.00 to $92.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th.

Hedge Funds Weigh In On ONEOK

Hedge funds and other institutional investors have recently bought and sold shares of the business. Zions Bancorporation National Association UT lifted its stake in ONEOK by 73.3% during the 4th quarter. Zions Bancorporation National Association UT now owns 338 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 143 shares during the period. Elyxium Wealth LLC acquired a new stake in ONEOK during the 4th quarter worth about $29,000. Cornerstone Financial Management LLC acquired a new stake in ONEOK during the 4th quarter worth about $29,000. SRH Advisors LLC raised its stake in shares of ONEOK by 122.3% during the 4th quarter. SRH Advisors LLC now owns 438 shares of the utilities provider’s stock valued at $32,000 after buying an additional 241 shares during the last quarter. Finally, Portus Wealth Advisors LLC acquired a new position in shares of ONEOK in the 1st quarter valued at about $33,000. Institutional investors and hedge funds own 69.13% of the company’s stock.

ONEOK Price Performance

Shares of OKE stock opened at $93.13 on Monday. ONEOK has a fifty-two week low of $64.02 and a fifty-two week high of $96.07. The firm has a market capitalization of $58.69 billion, a price-to-earnings ratio of 16.60, a PEG ratio of 5.01 and a beta of 0.73. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.56 and a current ratio of 0.71. The stock’s 50-day simple moving average is $89.48 and its 200-day simple moving average is $86.05.

ONEOK (NYSE:OKE) last posted its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.30 by ($0.07). The company had revenue of $9.62 billion for the quarter, compared to analyst estimates of $8.23 billion. ONEOK had a net margin of 10.03% and a return on equity of 16.06%. During the same quarter last year, the company earned $1.04 EPS. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. As a group, equities analysts forecast that ONEOK will post 5.68 earnings per share for the current fiscal year.

ONEOK Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Monday, August 3rd will be issued a dividend of $1.07 per share. The ex-dividend date of this dividend is Monday, August 3rd. This represents a $4.28 dividend on an annualized basis and a dividend yield of 4.6%. ONEOK’s payout ratio is 76.29%.

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.