Analysts Set ONEOK, Inc. (NYSE:OKE) PT at $96.06

Shares of ONEOK, Inc. (NYSE:OKE) have been assigned a consensus rating of “Hold” from the nineteen research firms that are covering the firm, Marketbeat reports. Twelve investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $96.0625.

OKE has been the topic of a number of analyst reports. Citigroup increased their price objective on shares of ONEOK from $97.00 to $108.00 and gave the stock a “buy” rating in a report on Thursday, September 3rd. Wall Street Zen upgraded shares of ONEOK from a “sell” rating to a “hold” rating in a research report on Sunday, August 9th. Morgan Stanley lifted their price target on ONEOK from $105.00 to $112.00 and gave the company an “equal weight” rating in a report on Wednesday, September 9th. Royal Bank Of Canada raised their target price on ONEOK from $84.00 to $90.00 and gave the company a “sector perform” rating in a research report on Tuesday, July 21st. Finally, Freedom Capital upgraded ONEOK from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 5th.

ONEOK Trading Up 0.3%

Shares of NYSE OKE opened at $93.51 on Tuesday. ONEOK has a 12-month low of $64.02 and a 12-month high of $99.85. The company has a market cap of $58.95 billion, a price-to-earnings ratio of 16.12, a price-to-earnings-growth ratio of 2.65 and a beta of 0.74. The company has a current ratio of 0.74, a quick ratio of 0.59 and a debt-to-equity ratio of 1.34. The stock’s 50 day simple moving average is $93.00 and its 200 day simple moving average is $89.81.

ONEOK (NYSE:OKE) last issued its earnings results on Monday, August 3rd. The utilities provider reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.07. ONEOK had a return on equity of 16.41% and a net margin of 9.29%.The firm had revenue of $12.05 billion for the quarter, compared to analyst estimates of $8.95 billion. During the same period last year, the company earned $1.34 earnings per share. ONEOK has set its FY 2026 guidance at 5.680-5.680 EPS. Equities research analysts expect that ONEOK will post 5.74 EPS for the current year.

ONEOK Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Monday, August 3rd were issued a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date of this dividend was Monday, August 3rd. ONEOK’s dividend payout ratio (DPR) is 73.79%.

Institutional Trading of ONEOK

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Pin Oak Investment Advisors Inc. acquired a new stake in ONEOK in the second quarter worth approximately $28,000. Elyxium Wealth LLC acquired a new stake in shares of ONEOK in the fourth quarter valued at $29,000. Cornerstone Financial Management LLC acquired a new stake in shares of ONEOK in the fourth quarter valued at $29,000. Transamerica Financial Advisors LLC boosted its stake in ONEOK by 69.6% during the second quarter. Transamerica Financial Advisors LLC now owns 363 shares of the utilities provider’s stock valued at $32,000 after buying an additional 149 shares in the last quarter. Finally, Portus Wealth Advisors LLC bought a new position in ONEOK during the first quarter valued at about $33,000. 69.13% of the stock is currently owned by institutional investors.

ONEOK Company Profile

ONEOK, Inc (NYSE: OKE) is an energy infrastructure company that gathers, processes, stores and transports natural gas and natural gas liquids (NGLs). Its operations connect production areas with domestic and international markets through pipelines, processing facilities, fractionation plants, storage assets and export infrastructure.

The company’s services include natural gas gathering and processing, interstate and intrastate natural gas transportation and storage, and the gathering, fractionation, storage and transportation of NGLs such as ethane, propane, normal butane, isobutane and natural gasoline.