ONEOK (NYSE:OKE) Cut to “Sell” at Wall Street Zen

Wall Street Zen lowered shares of ONEOK (NYSE:OKE) from a hold rating to a sell rating in a research note published on Saturday.

A number of other research firms also recently weighed in on OKE. Morgan Stanley reaffirmed an “equal weight” rating and issued a $103.00 target price (down from $113.00) on shares of ONEOK in a research report on Wednesday, July 29th. Wells Fargo & Company cut their price target on shares of ONEOK from $100.00 to $98.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Weiss Ratings upgraded shares of ONEOK from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 18th. Raymond James Financial restated an “outperform” rating and issued a $92.00 price objective on shares of ONEOK in a report on Thursday, April 30th. Finally, Barclays lowered their target price on ONEOK from $90.00 to $88.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 8th. Seven analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $91.81.

ONEOK Stock Down 3.0%

Shares of ONEOK stock opened at $88.05 on Friday. The business’s 50 day simple moving average is $88.98 and its 200 day simple moving average is $86.77. ONEOK has a 52-week low of $64.02 and a 52-week high of $96.07. The firm has a market cap of $55.48 billion, a PE ratio of 15.70, a P/E/G ratio of 4.93 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.

ONEOK (NYSE:OKE) last released its quarterly earnings results on Monday, August 3rd. The utilities provider reported $1.53 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.07. The firm had revenue of $12.05 billion during the quarter, compared to the consensus estimate of $8.95 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 firm posted $1.34 EPS. ONEOK has set its FY 2026 guidance at 5.680-5.680 EPS. On average, analysts predict that ONEOK will post 5.63 earnings per share for the current fiscal year.

ONEOK Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Monday, August 3rd will be paid a $1.07 dividend. The ex-dividend date is Monday, August 3rd. This represents a $4.28 dividend on an annualized basis and a yield of 4.9%. ONEOK’s dividend payout ratio (DPR) is currently 76.29%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Zions Bancorporation National Association UT lifted its stake in ONEOK by 73.3% in the 4th quarter. Zions Bancorporation National Association UT now owns 338 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 143 shares during the last quarter. Portus Wealth Advisors LLC acquired a new position in ONEOK during the first quarter worth approximately $33,000. Elyxium Wealth LLC bought a new stake in ONEOK in the fourth quarter valued at approximately $29,000. Wilkerson Advisory Group LLC raised its stake in ONEOK by 51.4% in the first quarter. Wilkerson Advisory Group LLC now owns 392 shares of the utilities provider’s stock valued at $35,000 after buying an additional 133 shares during the period. Finally, Cornerstone Financial Management LLC acquired a new stake in shares of ONEOK in the fourth quarter valued at approximately $29,000. 69.13% of the stock is currently owned by institutional investors and hedge funds.

ONEOK News Summary

Here are the key news stories impacting ONEOK this week:

• Positive Sentiment: Second-quarter results beat expectations. ONEOK reported adjusted earnings of $1.53 per share, above consensus estimates of roughly $1.39–$1.46 and up from $1.34 a year earlier. Revenue reached $12.05 billion, well ahead of the approximately $8.95 billion estimate. Oneok Inc. Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: Operating performance strengthened. Net income increased 13% and adjusted EBITDA rose 7%, supported by record natural-gas-liquids raw-feed throughput volumes. Management also raised its 2026 earnings forecast for the second time this year, signaling confidence in demand and volumes. ONEOK boosts 2026 forecast as higher NGL volumes boost quarterly profit
• Positive Sentiment: The company’s second-quarter performance was also supported by a 10.03% net margin and 16.06% return on equity, reinforcing the earnings-quality improvement. ONEOK Announces Higher Second-Quarter 2026 Earnings
• Neutral Sentiment: ONEOK declared a $1.07-per-share cash dividend payable August 14. The August 3 ex-dividend date can create temporary technical pressure because new buyers are not entitled to the payment. ONEOK Inc’s Dividend Analysis
• Negative Sentiment: Updated guidance may have disappointed relative to expectations. ONEOK set 2026 EPS guidance at $5.68, slightly below the $5.72 analyst consensus, even though the forecast was increased. That modest shortfall likely limited the positive market reaction to the earnings beat. Compared to Estimates, Oneok Q2 Earnings

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.