ONEOK, Inc. (OKE) – What Are Analysts Saying About This Stock?

Shares of ONEOK, Inc. (NYSE:OKE) have earned an average recommendation of “Moderate Buy” from the twenty ratings firms that are currently covering the stock, Marketbeat.com reports. Eleven investment analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has assigned a strong 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 $96.26.

A number of equities analysts recently weighed in on the stock. Scotiabank restated a “sector perform” rating and set a $96.00 target price on shares of ONEOK in a report on Thursday. Raymond James Financial increased their price objective on ONEOK from $92.00 to $95.00 and gave the stock an “outperform” rating in a research report on Friday, July 24th. TD Cowen restated a “hold” rating on shares of ONEOK in a research note on Friday. Royal Bank Of Canada boosted their target price on shares of ONEOK from $84.00 to $90.00 and gave the company a “sector perform” rating in a research report on Tuesday, July 21st. Finally, Barclays lowered their target price on ONEOK from $90.00 to $88.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 8th.

ONEOK Trading Up 3.0%

ONEOK stock traded up $2.73 during mid-day trading on Friday, hitting $93.38. The stock had a trading volume of 2,929,294 shares, compared to its average volume of 3,726,757. The stock has a 50-day simple moving average of $92.72 and a two-hundred day simple moving average of $90.13. The company has a current ratio of 0.74, a quick ratio of 0.59 and a debt-to-equity ratio of 1.34. The stock has a market capitalization of $58.87 billion, a PE ratio of 16.10, a P/E/G ratio of 1.81 and a beta of 0.82. ONEOK has a 12 month low of $64.02 and a 12 month high of $99.85.

ONEOK (NYSE:OKE) last released its quarterly earnings data on Monday, August 3rd. The utilities provider reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.07. ONEOK had a return on equity of 16.41% and a net margin of 9.29%. The business had revenue of $12.05 billion during the quarter, compared to the consensus estimate of $8.95 billion. During the same quarter in the prior year, the company posted $1.34 earnings per share. ONEOK has set its FY 2026 guidance at 5.680-5.680 EPS. As a group, sell-side analysts forecast that ONEOK will post 5.72 EPS for the current year.

ONEOK Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, November 16th. Shareholders of record on Monday, November 2nd will be given a dividend of $1.07 per share. The ex-dividend date of this dividend is Monday, November 2nd. This represents a $4.28 dividend on an annualized basis and a yield of 4.6%. ONEOK’s dividend payout ratio is 73.79%.

Institutional Trading of ONEOK

Several hedge funds have recently bought and sold shares of the business. Saudi Central Bank boosted its holdings in shares of ONEOK by 89.9% during the 2nd quarter. Saudi Central Bank now owns 44,102 shares of the utilities provider’s stock valued at $3,834,000 after buying an additional 20,876 shares in the last quarter. Empowered Funds LLC grew its position in shares of ONEOK by 21.8% in the 2nd quarter. Empowered Funds LLC now owns 73,242 shares of the utilities provider’s stock worth $6,368,000 after buying an additional 13,103 shares during the period. State Street Corp lifted its holdings in shares of ONEOK by 5.0% during the second quarter. State Street Corp now owns 43,633,749 shares of the utilities provider’s stock valued at $3,793,518,000 after purchasing an additional 2,059,368 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in ONEOK by 2.0% in the second quarter. The Manufacturers Life Insurance Company now owns 798,176 shares of the utilities provider’s stock worth $69,393,000 after acquiring an additional 15,796 shares in the last quarter. Finally, Matrix Trust Co purchased a new stake in ONEOK during the 2nd quarter valued at about $1,245,000. Institutional investors and hedge funds own 69.13% of the company’s stock.

ONEOK Company Profile

ONEOK, Inc (NYSE: OKE) is a diversified energy infrastructure company that owns and operates midstream assets in the United States. Its operations connect producers, processors, storage facilities and end-use markets across major energy-producing and consuming regions.

The company’s businesses include natural gas gathering, processing, transportation and storage, as well as natural gas liquids (NGL) gathering, fractionation, storage and transportation. ONEOK also operates infrastructure serving refined products and crude oil markets, including pipelines and terminals.