ONEOK (NYSE:OKE) Releases FY 2026 Earnings Guidance

ONEOK (NYSE:OKE) issued an update on its FY 2026 earnings guidance on Monday morning. The company provided EPS guidance of 5.040-5.870 for the period, compared to the consensus EPS estimate of 5.830. The company issued revenue guidance of -.

ONEOK Stock Up 0.2%

Shares of NYSE:OKE traded up $0.20 during mid-day trading on Monday, hitting $87.53. 4,734,355 shares of the company traded hands, compared to its average volume of 4,630,926. The stock has a 50-day moving average price of $77.00 and a two-hundred day moving average price of $73.65. The company has a current ratio of 0.90, a quick ratio of 0.75 and a debt-to-equity ratio of 1.44. ONEOK has a 12-month low of $64.02 and a 12-month high of $103.64. The stock has a market cap of $55.08 billion, a P/E ratio of 16.09, a P/E/G ratio of 4.90 and a beta of 0.96.

ONEOK (NYSE:OKE) last issued its earnings results on Monday, February 23rd. The utilities provider reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.48 by $0.07. The firm had revenue of $9.07 billion during the quarter, compared to analyst estimates of $8.77 billion. ONEOK had a net margin of 10.58% and a return on equity of 15.12%. ONEOK has set its FY 2026 guidance at 5.040-5.870 EPS. On average, equities research analysts forecast that ONEOK will post 5.07 earnings per share for the current year.

ONEOK Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Monday, February 2nd were paid a $1.07 dividend. This represents a $4.28 annualized dividend and a dividend yield of 4.9%. The ex-dividend date was Monday, February 2nd. This is a positive change from ONEOK’s previous quarterly dividend of $1.03. ONEOK’s dividend payout ratio (DPR) is 78.68%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Morgan Stanley reissued an “overweight” rating and issued a $104.00 target price on shares of ONEOK in a report on Wednesday, January 28th. Jefferies Financial Group started coverage on shares of ONEOK in a research note on Tuesday, January 20th. They set a “hold” rating and a $80.00 target price for the company. Weiss Ratings restated a “hold (c)” rating on shares of ONEOK in a research report on Monday, December 29th. JPMorgan Chase & Co. lowered ONEOK from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $87.00 to $83.00 in a research report on Tuesday, January 27th. Finally, TD Cowen lowered their price objective on shares of ONEOK from $78.00 to $76.00 and set a “hold” rating for the company in a research report on Thursday, October 30th. Seven analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $86.27.

Hedge Funds Weigh In On ONEOK

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Brighton Jones LLC grew its stake in shares of ONEOK by 137.1% during the fourth quarter. Brighton Jones LLC now owns 15,278 shares of the utilities provider’s stock worth $1,534,000 after buying an additional 8,834 shares during the last quarter. Turning Point Benefit Group Inc. bought a new position in shares of ONEOK in the 3rd quarter worth about $185,000. Triumph Capital Management boosted its holdings in shares of ONEOK by 78.2% during the 4th quarter. Triumph Capital Management now owns 2,251 shares of the utilities provider’s stock worth $165,000 after buying an additional 988 shares in the last quarter. MUFG Securities EMEA plc bought a new stake in ONEOK in the second quarter valued at $151,000. Finally, Kelleher Financial Advisors bought a new stake in ONEOK in the 3rd quarter valued at about $119,000. Hedge funds and other institutional investors own 69.13% of the company’s stock.

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.