ONEOK (NYSE:OKE) Issues FY 2026 Earnings Guidance

ONEOK (NYSE:OKE) updated its FY 2026 earnings guidance on Monday. The company provided EPS guidance of 5.680-5.680 for the period, compared to the consensus estimate of 5.720. The company issued revenue guidance of -.

ONEOK Stock Down 3.0%

OKE stock traded down $2.76 on Monday, hitting $88.05. 4,525,803 shares of the company’s stock were exchanged, compared to its average volume of 4,431,457. The firm has a 50 day moving average price of $89.09 and a two-hundred day moving average price of $86.68. ONEOK has a 12-month low of $64.02 and a 12-month high of $96.07. The stock has a market cap of $55.48 billion, a P/E ratio of 15.70, a price-to-earnings-growth ratio of 4.93 and a beta of 0.73. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.56 and a current ratio of 0.71.

ONEOK (NYSE:OKE) last released its quarterly earnings results on Monday, August 3rd. The utilities provider reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.07. ONEOK had a return on equity of 16.06% and a net margin of 10.03%.The company had revenue of $12.05 billion during the quarter, compared to analysts’ expectations of $8.95 billion. ONEOK has set its FY 2026 guidance at 5.680-5.680 EPS. As a group, equities research analysts expect that ONEOK will post 5.63 EPS for the current fiscal year.

ONEOK Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Monday, August 3rd will be issued a $1.07 dividend. The ex-dividend date of this dividend is Monday, August 3rd. This represents a $4.28 dividend on an annualized basis and a dividend yield of 4.9%. ONEOK’s dividend payout ratio (DPR) is currently 76.29%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Jefferies Financial Group boosted their price objective on shares of ONEOK from $98.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, April 8th. Wells Fargo & Company reduced their target price on ONEOK from $100.00 to $98.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. Citigroup lifted their price target on ONEOK from $95.00 to $97.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Morgan Stanley restated an “equal weight” rating and issued a $103.00 price objective (down from $113.00) on shares of ONEOK in a research note on Wednesday, July 29th. Finally, Barclays decreased their target price on ONEOK from $90.00 to $88.00 and set an “equal weight” rating for the company in a report on Wednesday, July 8th. Seven investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat, ONEOK has an average rating of “Hold” and a consensus target price of $91.81.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of OKE. Sunbelt Securities Inc. grew its stake in shares of ONEOK by 4.5% during the 4th quarter. Sunbelt Securities Inc. now owns 14,354 shares of the utilities provider’s stock worth $1,055,000 after purchasing an additional 617 shares during the period. Claris Financial LLC purchased a new stake in ONEOK during the fourth quarter worth $248,000. TMB Capital Partners LLC acquired a new stake in ONEOK during the fourth quarter valued at $294,000. Invesco Ltd. increased its holdings in ONEOK by 4.1% in the fourth quarter. Invesco Ltd. now owns 9,284,911 shares of the utilities provider’s stock valued at $682,441,000 after buying an additional 365,813 shares in the last quarter. Finally, Corient Private Wealth LLC increased its holdings in ONEOK by 64.0% in the fourth quarter. Corient Private Wealth LLC now owns 353,109 shares of the utilities provider’s stock valued at $25,954,000 after buying an additional 137,772 shares in the last quarter. 69.13% of the stock is currently owned by hedge funds and other 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.