ONEOK, Inc. (NYSE:OKE) Receives Consensus Recommendation of “Hold” from Brokerages

ONEOK, Inc. (NYSE:OKE) has been given a consensus recommendation of “Hold” by the eighteen analysts that are presently covering the company, MarketBeat.com reports. Ten analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $91.75.

Several research analysts have issued reports on OKE shares. Freedom Capital upgraded shares of ONEOK from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 5th. Jefferies Financial Group upped their price target on shares of ONEOK from $98.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, April 8th. Citigroup increased their price objective on shares of ONEOK from $95.00 to $97.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Wells Fargo & Company cut their price objective on shares of ONEOK from $100.00 to $98.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Finally, Royal Bank Of Canada upped their target price on ONEOK from $79.00 to $84.00 and gave the stock a “sector perform” rating in a report on Thursday, March 19th.

Institutional Investors Weigh In On ONEOK

A number of institutional investors have recently added to or reduced their stakes in OKE. Brighton Jones LLC grew its stake in ONEOK by 137.1% in the fourth quarter. Brighton Jones LLC now owns 15,278 shares of the utilities provider’s stock valued at $1,534,000 after purchasing an additional 8,834 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of ONEOK by 0.8% in the 1st quarter. Empowered Funds LLC now owns 17,957 shares of the utilities provider’s stock valued at $1,782,000 after buying an additional 137 shares in the last quarter. Acadian Asset Management LLC bought a new stake in shares of ONEOK in the 1st quarter valued at about $216,000. Federated Hermes Inc. grew its position in shares of ONEOK by 14.0% in the 2nd quarter. Federated Hermes Inc. now owns 3,120 shares of the utilities provider’s stock worth $255,000 after buying an additional 383 shares during the last quarter. Finally, NewEdge Advisors LLC grew its position in shares of ONEOK by 3.9% in the 2nd quarter. NewEdge Advisors LLC now owns 130,347 shares of the utilities provider’s stock worth $10,640,000 after buying an additional 4,902 shares during the last quarter. Institutional investors own 69.13% of the company’s stock.

ONEOK Trading Up 0.6%

Shares of NYSE OKE opened at $91.21 on Thursday. ONEOK has a twelve month low of $64.02 and a twelve month high of $96.07. The firm has a market cap of $57.47 billion, a PE ratio of 16.26, a price-to-earnings-growth ratio of 6.78 and a beta of 0.73. The business has a fifty day simple moving average of $88.73 and a two-hundred day simple moving average of $84.46. The company has a quick ratio of 0.56, a current ratio of 0.71 and a debt-to-equity ratio of 1.37.

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

ONEOK Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 4th were given a $1.07 dividend. This represents a $4.28 annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend was Monday, May 4th. ONEOK’s payout ratio is presently 76.29%.

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.