ONEOK, Inc. (NYSE:OKE) Receives $86.07 Consensus Price Target from Analysts

ONEOK, Inc. (NYSE:OKE) has received an average recommendation of “Hold” from the seventeen brokerages that are currently covering the company, MarketBeat.com reports. Ten equities research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $86.0667.

Several brokerages recently issued reports on OKE. Mizuho set a $89.00 target price on shares of ONEOK in a research note on Monday, February 23rd. JPMorgan Chase & Co. lowered shares of ONEOK from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $87.00 to $83.00 in a report on Tuesday, January 27th. Weiss Ratings reissued a “hold (c)” rating on shares of ONEOK in a research report on Monday, December 29th. Argus upgraded ONEOK from a “hold” rating to a “buy” rating and set a $79.00 target price for the company in a research note on Thursday, November 6th. Finally, Jefferies Financial Group assumed coverage on ONEOK in a research note on Tuesday, January 20th. They set a “hold” rating and a $80.00 price target on the stock.

Institutional Trading of ONEOK

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in shares of ONEOK by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 77,603,334 shares of the utilities provider’s stock valued at $5,703,845,000 after buying an additional 380,744 shares during the last quarter. State Street Corp boosted its stake in ONEOK by 1.7% during the 4th quarter. State Street Corp now owns 38,450,591 shares of the utilities provider’s stock valued at $2,826,118,000 after purchasing an additional 648,647 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in 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 worth $1,663,637,000 after purchasing an additional 599,248 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of ONEOK by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 16,596,172 shares of the utilities provider’s stock worth $1,215,107,000 after purchasing an additional 518,746 shares during the last quarter. Finally, First Eagle Investment Management LLC raised its stake in shares of ONEOK by 46.3% in the fourth quarter. First Eagle Investment Management LLC now owns 11,365,304 shares of the utilities provider’s stock worth $835,350,000 after purchasing an additional 3,596,089 shares during the last quarter. Institutional investors own 69.13% of the company’s stock.

ONEOK Trading Down 1.6%

NYSE OKE opened at $82.67 on Friday. The stock has a market capitalization of $52.06 billion, a P/E ratio of 15.25, a P/E/G ratio of 4.88 and a beta of 0.93. The business has a 50 day simple moving average of $78.17 and a 200 day simple moving average of $73.97. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.71 and a quick ratio of 0.56. ONEOK has a one year low of $64.02 and a one year high of $103.64.

ONEOK (NYSE:OKE) last issued its quarterly earnings results on Monday, February 23rd. The utilities provider reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.50 by $0.05. The firm had revenue of $9.07 billion for the quarter, compared to analyst estimates of $8.77 billion. ONEOK had a return on equity of 15.29% and a net margin of 10.09%.During the same period in the previous year, the firm earned $1.57 earnings per share. ONEOK has set its FY 2026 guidance at 5.040-5.870 EPS. Research analysts expect that ONEOK will post 5.07 earnings per share for the current year.

ONEOK Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Monday, February 2nd were given a dividend of $1.07 per share. The ex-dividend date of this dividend 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 5.2%. ONEOK’s payout ratio is currently 78.97%.

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.