Analysts Set ONEOK, Inc. (NYSE:OKE) PT at $91.94

Shares of ONEOK, Inc. (NYSE:OKE) have been given a consensus rating of “Moderate Buy” by the nineteen analysts that are presently covering the stock, MarketBeat.com reports. Ten analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $91.9375.

Several research firms have issued reports on OKE. Royal Bank Of Canada upped their price target on shares of ONEOK from $84.00 to $90.00 and gave the stock a “sector perform” rating in a research report on Tuesday, July 21st. Citigroup lifted their price objective on shares of ONEOK from $95.00 to $97.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Barclays lowered their price objective on shares of ONEOK from $90.00 to $88.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 8th. Wall Street Zen upgraded shares of ONEOK from a “sell” rating to a “hold” rating in a research note on Sunday, August 9th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of ONEOK in a report on Thursday, August 13th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in OKE. GTS Securities LLC lifted its holdings in ONEOK by 4.3% in the 2nd quarter. GTS Securities LLC now owns 2,573 shares of the utilities provider’s stock worth $224,000 after buying an additional 105 shares in the last quarter. Meridian Wealth Management LLC grew its stake in shares of ONEOK by 1.8% during the second quarter. Meridian Wealth Management LLC now owns 6,598 shares of the utilities provider’s stock valued at $574,000 after acquiring an additional 115 shares in the last quarter. Clearstead Trust LLC increased its position in shares of ONEOK by 4.7% during the first quarter. Clearstead Trust LLC now owns 2,632 shares of the utilities provider’s stock worth $238,000 after acquiring an additional 117 shares during the last quarter. Hoxton Planning & Management LLC increased its position in shares of ONEOK by 2.3% during the fourth quarter. Hoxton Planning & Management LLC now owns 5,372 shares of the utilities provider’s stock worth $395,000 after acquiring an additional 120 shares during the last quarter. Finally, Welch Group LLC lifted its stake in shares of ONEOK by 0.8% in the first quarter. Welch Group LLC now owns 14,859 shares of the utilities provider’s stock worth $1,343,000 after acquiring an additional 122 shares in the last quarter. 69.13% of the stock is owned by institutional investors and hedge funds.

ONEOK Stock Performance

Shares of NYSE OKE opened at $91.74 on Friday. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.59 and a current ratio of 0.74. The stock has a 50 day moving average price of $90.31 and a 200 day moving average price of $88.48. The stock has a market capitalization of $57.83 billion, a PE ratio of 15.82, a price-to-earnings-growth ratio of 2.59 and a beta of 0.73. ONEOK has a 52 week low of $64.02 and a 52 week high of $97.90.

ONEOK (NYSE:OKE) last posted its quarterly earnings results on Monday, August 3rd. The utilities provider reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.07. ONEOK had a return on equity of 16.41% and a net margin of 9.29%.The firm had revenue of $12.05 billion for the quarter, compared to analyst estimates of $8.95 billion. During the same quarter in the previous year, the firm earned $1.34 EPS. ONEOK has set its FY 2026 guidance at 5.680-5.680 EPS. Analysts predict that ONEOK will post 5.84 earnings per share for the current fiscal year.

ONEOK Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Monday, August 3rd were given a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend was Monday, August 3rd. ONEOK’s dividend payout ratio (DPR) is presently 73.79%.

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.