ONEOK (NYSE:OKE) Coverage Initiated at Truist Financial

Equities researchers at Truist Financial initiated coverage on shares of ONEOK (NYSE:OKE) in a research note issued on Tuesday. The firm set a “hold” rating and a $91.00 price target on the utilities provider’s stock. Truist Financial’s target price indicates a potential upside of 1.22% from the stock’s previous close.

A number of other research firms also recently issued reports on OKE. UBS Group cut their price objective on shares of ONEOK from $114.00 to $103.00 and set a “buy” rating on the stock in a research report on Thursday, January 22nd. Scotiabank reaffirmed an “outperform” rating and issued a $91.00 target price on shares of ONEOK in a research report on Friday, January 16th. JPMorgan Chase & Co. lowered shares of ONEOK from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $87.00 to $83.00 in a research note on Tuesday, January 27th. Mizuho set a $89.00 price target on shares of ONEOK in a research report on Monday, February 23rd. Finally, Wells Fargo & Company increased their price objective on shares of ONEOK from $79.00 to $81.00 and gave the stock an “equal weight” rating in a research note on Friday, March 13th. Eight equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $87.75.

ONEOK Stock Up 0.8%

NYSE:OKE opened at $89.90 on Tuesday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.56 and a current ratio of 0.71. The company has a market cap of $56.62 billion, a PE ratio of 16.59, a PEG ratio of 6.79 and a beta of 0.93. ONEOK has a 52-week low of $64.02 and a 52-week high of $103.64. The stock has a 50-day simple moving average of $82.44 and a 200 day simple moving average of $75.29.

ONEOK (NYSE:OKE) last released its earnings results on Monday, February 23rd. The utilities provider reported $1.55 EPS for the quarter, beating the consensus estimate of $1.50 by $0.05. ONEOK had a return on equity of 15.29% and a net margin of 10.09%.The firm had revenue of $9.07 billion for the quarter, compared to analysts’ expectations of $8.77 billion. During the same quarter in the previous year, the business posted $1.57 EPS. ONEOK has set its FY 2026 guidance at 5.040-5.870 EPS. On average, sell-side analysts expect that ONEOK will post 5.07 EPS for the current fiscal year.

Institutional Trading of ONEOK

A number of hedge funds have recently made changes to their positions in the business. Rockefeller Capital Management L.P. increased its holdings in shares of ONEOK by 17.8% during the 4th quarter. Rockefeller Capital Management L.P. now owns 395,776 shares of the utilities provider’s stock worth $29,090,000 after acquiring an additional 59,666 shares during the last quarter. World Investment Advisors lifted its holdings in ONEOK by 78.8% during the 4th quarter. World Investment Advisors now owns 20,615 shares of the utilities provider’s stock valued at $1,515,000 after purchasing an additional 9,083 shares during the last quarter. Brighton Securities CORP. boosted its position in ONEOK by 58.4% during the fourth quarter. Brighton Securities CORP. now owns 5,355 shares of the utilities provider’s stock worth $394,000 after purchasing an additional 1,975 shares during the period. Worthington Financial Partners LLC bought a new position in ONEOK during the fourth quarter worth $220,000. Finally, Pure Financial Advisors LLC increased its holdings in shares of ONEOK by 6.7% in the fourth quarter. Pure Financial Advisors LLC now owns 6,810 shares of the utilities provider’s stock valued at $501,000 after purchasing an additional 428 shares during the last quarter. 69.13% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting ONEOK

Here are the key news stories impacting ONEOK this week:

• Positive Sentiment: Jefferies upgraded ONEOK, a move that often boosts investor confidence and buying interest for pipeline/utilities names. Article Title
• Positive Sentiment: ONEOK earned membership in a “95-plus composite rating club” (strong composite score), a positive third‑party signal on quality/consistency that can attract yield‑seeking and quality‑focused investors. Article Title
• Neutral Sentiment: US Capital Advisors published a multi‑year forecast that shows long‑run upside (FY2028 EPS projected at $6.80), indicating they still see growth farther out even as near‑term trims were made.
• Negative Sentiment: US Capital Advisors cut multiple near‑term estimates (Q1 2026 to $1.32 from $1.44; Q2 2026 to $1.38 from $1.45; Q3 2026 to $1.42 from $1.49; Q4 2026 to $1.50 from $1.58) and reduced FY2026 (to $5.63 from $5.96) and FY2027 (to $6.01 from $6.34). Those downward revisions create headline risk and may weigh on sentiment for the remainder of the year.

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.