ONEOK (NYSE:OKE) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of ONEOK (NYSE:OKE) from a sell rating to a hold rating in a research report report published on Sunday.

A number of other equities analysts have also issued reports on OKE. Wells Fargo & Company reduced their price target on shares of ONEOK from $100.00 to $98.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Scotiabank downgraded shares of ONEOK from a “sector outperform” rating to a “sector perform” rating and dropped their price objective for the company from $92.00 to $89.00 in a report on Thursday, April 30th. Morgan Stanley reiterated an “equal weight” rating and issued a $103.00 price objective (down from $113.00) on shares of ONEOK in a research note on Wednesday, July 29th. Barclays reduced their target price on shares of ONEOK from $90.00 to $88.00 and set an “equal weight” rating for the company in a report on Wednesday, July 8th. Finally, Citigroup boosted their target price on shares of ONEOK from $95.00 to $97.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $91.81.

ONEOK Stock Up 1.2%

ONEOK stock opened at $91.43 on Friday. The business’s 50-day simple moving average is $89.16 and its two-hundred day simple moving average is $87.36. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.59 and a current ratio of 0.74. The company has a market cap of $57.64 billion, a PE ratio of 15.76, a PEG ratio of 4.71 and a beta of 0.73. ONEOK has a fifty-two week low of $64.02 and a fifty-two week high of $96.07.

ONEOK (NYSE:OKE) last announced its quarterly earnings data on Monday, August 3rd. The utilities provider reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.07. The firm had revenue of $12.05 billion during the quarter, compared to analysts’ expectations of $8.95 billion. ONEOK had a return on equity of 16.41% and a net margin of 9.29%.During the same period last year, the business posted $1.34 earnings per share. ONEOK has set its FY 2026 guidance at 5.680-5.680 EPS. Equities analysts anticipate that ONEOK will post 5.87 EPS for the current year.

ONEOK Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Monday, August 3rd will be issued a dividend of $1.07 per share. The ex-dividend date of this dividend is Monday, August 3rd. This represents a $4.28 dividend on an annualized basis and a yield of 4.7%. ONEOK’s dividend payout ratio is 73.79%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ieq Capital LLC acquired a new stake in shares of ONEOK during the 2nd quarter valued at about $243,000. Callan Family Office LLC acquired a new position in ONEOK in the 2nd quarter worth about $1,250,000. Keating Financial Advisory Services Inc. acquired a new position in ONEOK in the 2nd quarter worth about $151,000. OneAscent Financial Services LLC purchased a new position in ONEOK during the second quarter worth approximately $529,000. Finally, Allworth Financial LP purchased a new position in ONEOK during the second quarter worth approximately $11,575,000. Hedge funds and other institutional investors own 69.13% of the company’s stock.

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.