ONEOK (NYSE:OKE) Upgraded to Overweight at Wells Fargo & Company

ONEOK (NYSE:OKE) was upgraded by analysts at Wells Fargo & Company from an “equal weight” rating to an “overweight” rating in a research note issued on Wednesday,Finviz reports. The firm currently has a $100.00 target price on the utilities provider’s stock. Wells Fargo & Company‘s price objective points to a potential upside of 10.06% from the stock’s current price.

Several other equities analysts have also issued reports on the company. JPMorgan Chase & Co. lowered ONEOK from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $87.00 to $83.00 in a research note on Tuesday, January 27th. Morgan Stanley reaffirmed an “overweight” rating and set a $104.00 price objective on shares of ONEOK in a research report on Wednesday, January 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of ONEOK in a research note on Monday, December 29th. Barclays boosted their target price on shares of ONEOK from $76.00 to $82.00 and gave the company an “equal weight” rating in a research report on Thursday, March 5th. Finally, Wolfe Research lowered shares of ONEOK from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, February 25th. Nine investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, ONEOK currently has an average rating of “Moderate Buy” and a consensus target price of $88.94.

ONEOK Stock Performance

OKE stock opened at $90.86 on Wednesday. The stock has a 50-day moving average price of $82.78 and a 200-day moving average price of $75.42. ONEOK has a 1-year low of $64.02 and a 1-year high of $103.64. The company has a current ratio of 0.71, a quick ratio of 0.56 and a debt-to-equity ratio of 1.36. The firm has a market cap of $57.22 billion, a PE ratio of 16.76, a price-to-earnings-growth ratio of 6.83 and a beta of 0.93.

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

Hedge Funds Weigh In On ONEOK

A number of institutional investors have recently modified their holdings of OKE. Rockefeller Capital Management L.P. lifted its holdings in shares of ONEOK by 17.8% in the 4th quarter. Rockefeller Capital Management L.P. now owns 395,776 shares of the utilities provider’s stock worth $29,090,000 after purchasing an additional 59,666 shares in the last quarter. World Investment Advisors increased its stake in ONEOK by 78.8% during the 4th quarter. World Investment Advisors now owns 20,615 shares of the utilities provider’s stock valued at $1,515,000 after purchasing an additional 9,083 shares in the last quarter. Brighton Securities CORP. increased its stake in ONEOK by 58.4% during the 4th quarter. Brighton Securities CORP. now owns 5,355 shares of the utilities provider’s stock valued at $394,000 after purchasing an additional 1,975 shares in the last quarter. Worthington Financial Partners LLC acquired a new position in ONEOK during the fourth quarter worth $220,000. Finally, Pure Financial Advisors LLC raised its holdings in ONEOK by 6.7% during the fourth quarter. Pure Financial Advisors LLC now owns 6,810 shares of the utilities provider’s stock worth $501,000 after buying an additional 428 shares during the last quarter. 69.13% of the stock is owned by institutional investors and hedge funds.

ONEOK News Summary

Here are the key news stories impacting ONEOK this week:

• Positive Sentiment: Oneok earned membership in a 95‑plus composite rating club, a third‑party recognition that can support investor confidence in the company’s financial and operational standing. Oneok earns membership in 95-plus composite rating club
• Neutral Sentiment: Truist Securities initiated coverage on ONEOK with a Hold rating and a $91 price target — essentially signaling limited near‑term upside (the PT is roughly flat to current levels) and providing incremental analyst attention but not a bullish endorsement. Truist Securities initiates coverage of ONEOK (OKE) with hold recommendation
• Neutral Sentiment: Market coverage shows an average brokerage consensus of “Hold” on OKE, reinforcing a neutral analyst tone across the street rather than upgrades that would drive stronger buying. ONEOK, Inc. (NYSE:OKE) Receives Average Rating of “Hold” from Brokerages
• Neutral Sentiment: Brief market reports note OKE advanced in recent trading sessions while broader markets lagged (intraday strength likely reflecting the mix of the items above and sector flows). Oneok Inc. (OKE) Advances While Market Declines: Some Information for Investors
• Negative Sentiment: US Capital Advisors cut multiple near‑term and medium‑term EPS forecasts for OKE (Q1–Q4 2026 estimates lowered; FY2026 cut to $5.63 from $5.96; FY2027 and FY2028 also reduced), signaling weaker expected earnings momentum versus prior forecasts — this is the primary negative driver that could pressure the stock if investors focus on earnings revisions. MarketBeat OKE coverage (US Capital Advisors estimate changes)

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.