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

ONEOK, Inc. (NYSE:OKE) has been given a consensus recommendation of “Hold” by the eighteen ratings firms that are covering the company, MarketBeat Ratings reports. Ten investment analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $91.8750.

Several research analysts have weighed in on OKE shares. JPMorgan Chase & Co. lifted their target price on ONEOK from $91.00 to $92.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Freedom Capital raised ONEOK from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 5th. Raymond James Financial reissued an “outperform” rating and issued a $92.00 price target on shares of ONEOK in a report on Thursday, April 30th. Wells Fargo & Company reduced their price target on ONEOK from $100.00 to $98.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. Finally, Wall Street Zen raised ONEOK from a “sell” rating to a “hold” rating in a report on Tuesday, May 26th.

ONEOK Trading Down 0.8%

Shares of OKE stock opened at $88.26 on Friday. The business’s 50 day moving average is $88.56 and its two-hundred day moving average is $81.89. ONEOK has a twelve month low of $64.02 and a twelve month high of $96.07. The company has a market capitalization of $55.61 billion, a P/E ratio of 15.73, a price-to-earnings-growth ratio of 6.60 and a beta of 0.74. The company has a current ratio of 0.71, a quick ratio of 0.56 and a debt-to-equity ratio of 1.37.

ONEOK (NYSE:OKE) last announced its earnings results on Tuesday, April 28th. The utilities provider reported $1.23 earnings per share for the quarter, missing the consensus estimate of $1.30 by ($0.07). ONEOK had a net margin of 10.03% and a return on equity of 16.06%. The company had revenue of $9.62 billion during the quarter, compared to analysts’ expectations of $8.23 billion. During the same quarter last year, the business posted $1.04 earnings per share. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. Equities analysts forecast that ONEOK will post 5.72 EPS for the current year.

ONEOK Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 4th were issued a $1.07 dividend. This represents a $4.28 annualized dividend and a dividend yield of 4.8%. The ex-dividend date of this dividend was Monday, May 4th. ONEOK’s dividend payout ratio (DPR) is currently 76.29%.

Institutional Trading of ONEOK

Several hedge funds have recently modified their holdings of OKE. Capital International Investors acquired a new stake in shares of ONEOK in the 4th quarter valued at approximately $586,500,000. Norges Bank acquired a new stake in shares of ONEOK in the 4th quarter valued at approximately $564,867,000. First Eagle Investment Management LLC lifted its holdings 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 valued at $835,350,000 after buying an additional 3,596,089 shares during the period. Danske Bank A S lifted its holdings 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 valued at $124,320,000 after buying an additional 1,644,945 shares during the period. Finally, Man Group plc lifted its holdings 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 valued at $127,261,000 after buying an additional 1,161,352 shares during the period. 69.13% of the stock is owned by institutional investors and hedge funds.

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.