Analysts Set ONEOK, Inc. (NYSE:OKE) Target Price at $91.88

ONEOK, Inc. (NYSE:OKE) has been given an average rating of “Hold” by the eighteen brokerages that are presently covering the firm, 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 12-month price target among brokers that have issued ratings on the stock in the last year is $91.8750.

A number of equities analysts have weighed in on the company. Royal Bank Of Canada boosted their target price on ONEOK from $79.00 to $84.00 and gave the stock a “sector perform” rating in a research report on Thursday, March 19th. Barclays boosted their target price on ONEOK from $82.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 30th. Weiss Ratings raised ONEOK from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, May 18th. Wall Street Zen raised ONEOK from a “sell” rating to a “hold” rating in a research report on Tuesday, May 26th. Finally, Raymond James Financial reissued an “outperform” rating and issued a $92.00 target price on shares of ONEOK in a research report on Thursday, April 30th.

ONEOK Price Performance

Shares of NYSE:OKE opened at $89.22 on Friday. ONEOK has a fifty-two week low of $64.02 and a fifty-two week high of $96.07. The business has a 50-day simple moving average of $88.25 and a two-hundred day simple moving average of $82.52. 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 firm has a market cap of $56.21 billion, a price-to-earnings ratio of 15.90, a price-to-earnings-growth ratio of 6.77 and a beta of 0.74.

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

ONEOK Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Monday, May 4th were paid a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date was Monday, May 4th. ONEOK’s payout ratio is currently 76.29%.

Institutional Investors Weigh In On ONEOK

A number of large investors have recently made changes to their positions in the company. FAS Wealth Partners Inc. grew its stake in shares of ONEOK by 2.1% during the 1st quarter. FAS Wealth Partners Inc. now owns 6,057 shares of the utilities provider’s stock valued at $548,000 after purchasing an additional 123 shares during the period. Pine Valley Investments Ltd Liability Co grew its stake in shares of ONEOK by 0.5% during the 1st quarter. Pine Valley Investments Ltd Liability Co now owns 26,261 shares of the utilities provider’s stock valued at $2,374,000 after purchasing an additional 122 shares during the period. CoreFirst Bank & Trust grew its stake in shares of ONEOK by 10.3% during the 1st quarter. CoreFirst Bank & Trust now owns 4,082 shares of the utilities provider’s stock valued at $369,000 after purchasing an additional 382 shares during the period. Parallel Advisors LLC grew its stake in shares of ONEOK by 10.0% during the 1st quarter. Parallel Advisors LLC now owns 7,149 shares of the utilities provider’s stock valued at $646,000 after purchasing an additional 650 shares during the period. Finally, NewEdge Advisors LLC grew its stake in shares of ONEOK by 19.2% during the 1st quarter. NewEdge Advisors LLC now owns 202,714 shares of the utilities provider’s stock valued at $18,323,000 after purchasing an additional 32,619 shares during the period. 69.13% of the stock is currently owned by institutional investors.

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.