ONEOK (NYSE:OKE) Trading Down 5.5% – Here’s Why

ONEOK, Inc. (NYSE:OKE)’s stock price was down 5.5% during trading on Tuesday . The company traded as low as $81.94 and last traded at $82.5580. Approximately 1,859,911 shares traded hands during mid-day trading, a decline of 59% from the average daily volume of 4,533,821 shares. The stock had previously closed at $87.33.

More ONEOK News

Here are the key news stories impacting ONEOK this week:

• Positive Sentiment: Q4 results beat consensus — EPS topped estimates and revenue rose ~29% year‑over‑year, showing solid operating performance that supports near‑term cash flow and the dividend. ONEOK Q4 Earnings Top Estimates, Revenues Rise Year Over Year
• Positive Sentiment: Strategic repositioning toward a multi‑commodity infrastructure platform and explicit targeting of AI data‑center energy demand gives investors a growth narrative beyond legacy NGL exposure; management points to successful acquisition integration and balance‑sheet progress. ONEOK Redefines Itself As Multi Commodity Player For AI Energy Demand
• Neutral Sentiment: Income profile remains attractive — coverage pieces note ONEOK’s high dividend yield and continued ability to support payouts, which can stabilize valuation even as earnings growth pauses. After A Recent Growth Spurt, This 4.9%-Yielding Dividend Stock is Slowing to A Crawl in 2026. Is a Reacceleration Coming?
• Negative Sentiment: 2026 guidance disappointed — management described 2026 as a transition year with guidance roughly flat to 2025 and a ~$3B capex plan, which trimmed near‑term growth expectations and raised investor caution. ONEOK Inc (OKE) Q4 2025 Earnings Call Highlights: Strong Financial Performance and Strategic …
• Negative Sentiment: Analyst reactions have been mixed and slightly negative: Stifel trimmed its price target (but kept a Buy), Wolfe downgraded to peer‑perform, and other shops have trimmed targets or moved to neutral, adding pressure to sentiment even after the beat. Oneok price target lowered to $91 from $94 at Stifel ONEOK cut at Wolfe, seeing growth as below average in lower commodity price environment Analyst Expectations For ONEOK’s Future

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Wells Fargo & Company lowered their price objective on ONEOK from $82.00 to $79.00 and set an “equal weight” rating for the company in a research note on Wednesday. Barclays decreased their price target on ONEOK from $78.00 to $76.00 and set an “equal weight” rating on the stock in a report on Thursday, January 15th. Argus upgraded ONEOK from a “hold” rating to a “buy” rating and set a $79.00 price target for the company in a research report on Thursday, November 6th. Scotiabank reaffirmed an “outperform” rating and set a $91.00 price objective on shares of ONEOK in a research note on Friday, January 16th. Finally, Citigroup reduced their target price on shares of ONEOK from $102.00 to $95.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. Seven equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, ONEOK has an average rating of “Hold” and a consensus price target of $86.07.

ONEOK Stock Performance

The firm has a market capitalization of $52.82 billion, a P/E ratio of 15.49, a P/E/G ratio of 4.88 and a beta of 0.96. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.71 and a quick ratio of 0.75. The firm has a 50-day moving average price of $77.71 and a two-hundred day moving average price of $73.85.

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

ONEOK Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Monday, February 2nd were issued a $1.07 dividend. The ex-dividend date was Monday, February 2nd. This is a positive change from ONEOK’s previous quarterly dividend of $1.03. This represents a $4.28 dividend on an annualized basis and a dividend yield of 5.1%. ONEOK’s dividend payout ratio (DPR) is presently 78.97%.

Institutional Investors Weigh In On ONEOK

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Zions Bancorporation National Association UT raised its holdings in shares of ONEOK by 73.3% in the fourth quarter. Zions Bancorporation National Association UT now owns 338 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 143 shares in the last quarter. City Holding Co. bought a new position in ONEOK during the 3rd quarter worth about $28,000. Winnow Wealth LLC purchased a new position in ONEOK during the 3rd quarter valued at about $28,000. Global Wealth Strategies & Associates bought a new stake in shares of ONEOK in the 3rd quarter valued at about $29,000. Finally, Financial Consulate Inc. bought a new stake in shares of ONEOK in the 3rd quarter valued at about $29,000. 69.13% of the stock is owned by institutional investors.

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.