ONEOK (NYSE:OKE) Upgraded by Freedom Capital to “Strong-Buy” Rating

Freedom Capital upgraded shares of ONEOK (NYSE:OKE) from a hold rating to a strong-buy rating in a report published on Wednesday morning,Zacks.com reports.

OKE has been the subject of several other research reports. Truist Financial upped their price target on shares of ONEOK from $91.00 to $93.00 and gave the company a “hold” rating in a research report on Monday, May 4th. Raymond James Financial reissued an “outperform” rating and issued a $92.00 price objective on shares of ONEOK in a report on Thursday, April 30th. Jefferies Financial Group boosted their target price on shares of ONEOK from $98.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, April 8th. Scotiabank cut shares of ONEOK from a “sector outperform” rating to a “sector perform” rating and reduced their target price for the company from $92.00 to $89.00 in a report on Thursday, April 30th. Finally, Weiss Ratings upgraded shares of ONEOK from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, May 18th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, ONEOK currently has a consensus rating of “Moderate Buy” and an average target price of $91.81.

ONEOK Stock Performance

Shares of OKE opened at $87.82 on Wednesday. The firm has a market capitalization of $55.36 billion, a P/E ratio of 15.14, a PEG ratio of 4.70 and a beta of 0.73. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.74 and a quick ratio of 0.56. ONEOK has a one year low of $64.02 and a one year high of $96.07. The business has a fifty day moving average of $88.91 and a 200 day moving average of $87.05.

ONEOK (NYSE:OKE) last posted its earnings results on Monday, August 3rd. The utilities provider reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.07. The company had revenue of $12.05 billion for the quarter, compared to the consensus estimate of $8.95 billion. ONEOK had a return on equity of 16.41% and a net margin of 9.29%.During the same quarter in the prior year, the company earned $1.34 earnings per share. ONEOK has set its FY 2026 guidance at 5.680-5.680 EPS. As a group, sell-side analysts anticipate that ONEOK will post 5.68 EPS for the current year.

ONEOK Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Monday, August 3rd will be paid a $1.07 dividend. The ex-dividend date of this dividend is Monday, August 3rd. This represents a $4.28 annualized dividend and a dividend yield of 4.9%. ONEOK’s dividend payout ratio (DPR) is 73.79%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in OKE. Vanguard Group Inc. boosted its position in shares of ONEOK by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 77,603,334 shares of the utilities provider’s stock worth $5,703,845,000 after purchasing an additional 380,744 shares during the period. State Street Corp increased its stake in shares of ONEOK by 1.7% in the fourth quarter. State Street Corp now owns 38,450,591 shares of the utilities provider’s stock worth $2,826,118,000 after purchasing an additional 648,647 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of ONEOK by 2.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 22,634,512 shares of the utilities provider’s stock valued at $1,663,637,000 after purchasing an additional 599,248 shares during the period. Geode Capital Management LLC raised its position in shares of ONEOK by 3.2% during the 4th quarter. Geode Capital Management LLC now owns 16,596,172 shares of the utilities provider’s stock valued at $1,215,107,000 after purchasing an additional 518,746 shares during the period. Finally, First Eagle Investment Management LLC lifted its stake in shares of ONEOK by 46.3% during the 4th quarter. First Eagle Investment Management LLC now owns 11,365,304 shares of the utilities provider’s stock valued at $835,350,000 after buying an additional 3,596,089 shares in the last quarter. 69.13% of the stock is currently owned by institutional investors.

Key Headlines Impacting ONEOK

Here are the key news stories impacting ONEOK this week:

• Positive Sentiment: ONEOK reported second-quarter adjusted earnings of $1.53 per share, ahead of the $1.46 consensus estimate, with revenue of $12.05 billion versus expectations of $8.95 billion. Results also improved from $1.34 per share in the year-ago quarter. Oneok Q2 Earnings: What Key Metrics Have to Say
• Positive Sentiment: Management raised its 2026 adjusted EBITDA guidance to an $8.35 billion midpoint and maintained full-year EPS guidance of $5.68. Record NGL throughput, project start-ups, stronger utilization and commercial wins are expected to support mid- to high-single-digit EBITDA growth. ONEOK Hikes Full-Year Guidance After Record NGL Volumes Drive Earnings Growth
• Positive Sentiment: Zacks characterized ONEOK as a strong value stock, which could appeal to investors seeking valuation support in the energy-infrastructure sector. Why ONEOK Is a Strong Value Stock
• Neutral Sentiment: ONEOK released its annual corporate sustainability report. The disclosure may support transparency and stakeholder confidence, but it does not materially change near-term earnings expectations. ONEOK Releases Annual Corporate Sustainability Report
• Neutral Sentiment: Jefferies reaffirmed a Hold rating, and broader analyst sentiment toward ONEOK remains mixed. This may limit upside from the strong earnings report unless execution and guidance continue to improve. Jefferies Reaffirms Hold Rating on ONEOK

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.