ONEOK, Inc. (NYSE:OKE) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of ONEOK, Inc. (NYSE:OKE) have received an average rating of “Moderate Buy” from the seventeen analysts that are presently covering the stock, Marketbeat reports. Eight equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $93.3333.

A number of equities analysts recently weighed in on OKE shares. Weiss Ratings reissued a “hold (c+)” rating on shares of ONEOK in a report on Wednesday, October 8th. Mizuho cut their price target on shares of ONEOK from $87.00 to $82.00 and set a “neutral” rating on the stock in a report on Friday, August 29th. Citigroup cut their price target on shares of ONEOK from $102.00 to $95.00 and set a “buy” rating on the stock in a report on Friday. Barclays cut their price target on shares of ONEOK from $83.00 to $78.00 and set an “equal weight” rating on the stock in a report on Thursday, October 9th. Finally, Scotiabank set a $92.00 price target on shares of ONEOK and gave the stock a “sector outperform” rating in a report on Tuesday, July 15th.

Institutional Investors Weigh In On ONEOK

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. City Holding Co. bought a new stake in ONEOK in the 3rd quarter valued at about $28,000. Financial Network Wealth Advisors LLC raised its stake in ONEOK by 2,466.7% in the 1st quarter. Financial Network Wealth Advisors LLC now owns 385 shares of the utilities provider’s stock valued at $38,000 after acquiring an additional 370 shares during the period. Global Wealth Strategies & Associates bought a new stake in ONEOK in the 3rd quarter valued at about $29,000. MorganRosel Wealth Management LLC bought a new stake in ONEOK in the 1st quarter valued at about $39,000. Finally, Financial Gravity Asset Management Inc. bought a new stake in ONEOK in the 1st quarter valued at about $40,000. 69.13% of the stock is currently owned by institutional investors.

ONEOK Price Performance

OKE opened at $67.09 on Friday. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.90 and a quick ratio of 0.46. The company has a market capitalization of $42.25 billion, a price-to-earnings ratio of 12.33, a P/E/G ratio of 2.62 and a beta of 1.01. The firm’s fifty day moving average price is $71.81 and its two-hundred day moving average price is $77.89. ONEOK has a 1 year low of $65.89 and a 1 year high of $118.07.

ONEOK (NYSE:OKE) last posted its quarterly earnings data on Tuesday, October 28th. The utilities provider reported $1.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.48 by $0.01. The firm had revenue of $9.17 billion for the quarter, compared to the consensus estimate of $8.23 billion. ONEOK had a net margin of 10.58% and a return on equity of 15.12%. During the same period in the previous year, the firm earned $1.18 EPS. ONEOK has set its FY 2025 guidance at 4.970-5.770 EPS. As a group, analysts anticipate that ONEOK will post 5.07 earnings per share for the current fiscal year.

ONEOK Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Monday, November 3rd will be issued a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date of this dividend is Monday, November 3rd. ONEOK’s payout ratio is 75.74%.

About ONEOK

ONEOK, Inc engages in gathering, processing, fractionation, storage, transportation, and marketing of natural gas and natural gas liquids (NGL) in the United States. It operates through four segments: Natural Gas Gathering and Processing, Natural Gas Liquids, Natural Gas Pipelines, and Refined Products and Crude.