ONEOK (NYSE:OKE) Given New $100.00 Price Target at Jefferies Financial Group

ONEOK (NYSE:OKE) had its target price boosted by equities research analysts at Jefferies Financial Group from $98.00 to $100.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the utilities provider’s stock. Jefferies Financial Group’s price objective indicates a potential upside of 15.63% from the stock’s current price.

OKE has been the subject of several other reports. Truist Financial started coverage on shares of ONEOK in a research note on Tuesday, March 24th. They issued a “hold” rating and a $91.00 price target for the company. Royal Bank Of Canada increased their price target on shares of ONEOK from $79.00 to $84.00 and gave the stock a “sector perform” rating in a research note on Thursday, March 19th. Scotiabank reiterated an “outperform” rating and issued a $91.00 price target on shares of ONEOK in a research note on Friday, January 16th. Wells Fargo & Company upgraded shares of ONEOK from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $81.00 to $100.00 in a research note on Wednesday, March 25th. Finally, UBS Group reduced their price objective on shares of ONEOK from $114.00 to $103.00 and set a “buy” rating for the company in a research note on Thursday, January 22nd. Nine investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, ONEOK presently has a consensus rating of “Moderate Buy” and an average price target of $89.63.

ONEOK Stock Down 4.6%

Shares of ONEOK stock traded down $4.14 during trading on Wednesday, hitting $86.49. The company’s stock had a trading volume of 5,336,095 shares, compared to its average volume of 5,065,028. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.56 and a current ratio of 0.71. The company has a fifty day simple moving average of $85.70 and a two-hundred day simple moving average of $76.69. The company has a market capitalization of $54.49 billion, a PE ratio of 15.96, a P/E/G ratio of 6.70 and a beta of 0.84. ONEOK has a 52 week low of $64.02 and a 52 week high of $95.30.

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, topping the consensus estimate of $1.50 by $0.05. The company had revenue of $9.07 billion during the quarter, compared to analyst estimates of $8.77 billion. ONEOK had a net margin of 10.09% and a return on equity of 15.29%. During the same period last year, the business earned $1.57 EPS. ONEOK has set its FY 2026 guidance at 5.040-5.870 EPS. Equities research analysts predict that ONEOK will post 5.07 earnings per share for the current year.

Institutional Trading of ONEOK

A number of institutional investors have recently made changes to their positions in OKE. Brighton Jones LLC boosted its holdings in shares of ONEOK by 137.1% during the 4th quarter. Brighton Jones LLC now owns 15,278 shares of the utilities provider’s stock valued at $1,534,000 after acquiring an additional 8,834 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of ONEOK by 0.8% during the 1st quarter. Empowered Funds LLC now owns 17,957 shares of the utilities provider’s stock valued at $1,782,000 after acquiring an additional 137 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in shares of ONEOK during the 1st quarter valued at about $216,000. EverSource Wealth Advisors LLC boosted its holdings in shares of ONEOK by 5.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,744 shares of the utilities provider’s stock valued at $306,000 after acquiring an additional 209 shares during the last quarter. Finally, Federated Hermes Inc. boosted its holdings in shares of ONEOK by 14.0% during the 2nd quarter. Federated Hermes Inc. now owns 3,120 shares of the utilities provider’s stock valued at $255,000 after acquiring an additional 383 shares during the last quarter. 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.