ONEOK, Inc. (NYSE:OKE) Given Average Rating of “Hold” by Brokerages

Shares of ONEOK, Inc. (NYSE:OKE) have been assigned an average recommendation of “Hold” from the eighteen analysts that are covering the company, MarketBeat Ratings reports. Eleven research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $91.8750.

OKE has been the subject of several recent research reports. Weiss Ratings restated a “hold (c+)” rating on shares of ONEOK in a report on Monday, May 4th. Wells Fargo & Company decreased their price objective on ONEOK from $100.00 to $98.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. Wall Street Zen downgraded ONEOK from a “hold” rating to a “sell” rating in a report on Monday. JPMorgan Chase & Co. lifted their price objective on ONEOK from $91.00 to $92.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Finally, UBS Group decreased their price objective on ONEOK from $114.00 to $103.00 and set a “buy” rating for the company in a report on Thursday, January 22nd.

Hedge Funds Weigh In On ONEOK

A number of large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in ONEOK by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 77,603,334 shares of the utilities provider’s stock worth $5,703,845,000 after purchasing an additional 380,744 shares in the last quarter. State Street Corp raised its holdings in ONEOK by 1.7% in the fourth quarter. State Street Corp now owns 38,450,591 shares of the utilities provider’s stock worth $2,826,118,000 after purchasing an additional 648,647 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of ONEOK by 2.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 22,634,512 shares of the utilities provider’s stock worth $1,663,637,000 after acquiring an additional 599,248 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of ONEOK by 3.2% during the fourth quarter. Geode Capital Management LLC now owns 16,596,172 shares of the utilities provider’s stock worth $1,215,107,000 after acquiring an additional 518,746 shares during the last quarter. Finally, First Eagle Investment Management LLC grew its stake in shares of ONEOK by 46.3% during the fourth quarter. First Eagle Investment Management LLC now owns 11,365,304 shares of the utilities provider’s stock worth $835,350,000 after acquiring an additional 3,596,089 shares during the last quarter. 69.13% of the stock is currently owned by institutional investors.

ONEOK Stock Performance

OKE stock opened at $95.15 on Wednesday. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.71 and a quick ratio of 0.56. The business has a 50-day moving average price of $88.09 and a 200 day moving average price of $80.02. The company has a market capitalization of $59.95 billion, a P/E ratio of 16.96, a PEG ratio of 6.82 and a beta of 0.78. ONEOK has a 1-year low of $64.02 and a 1-year high of $95.65.

ONEOK (NYSE:OKE) last released its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $1.23 earnings per share for the quarter, missing the consensus estimate of $1.30 by ($0.07). The firm had revenue of $9.62 billion during the quarter, compared to the consensus estimate of $8.23 billion. ONEOK had a net margin of 10.03% and a return on equity of 16.06%. During the same quarter in the previous year, the firm earned $1.04 earnings per share. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. As a group, equities research analysts forecast that ONEOK will post 5.76 EPS for the current fiscal year.

ONEOK Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Monday, May 4th were issued a $1.07 dividend. The ex-dividend date was Monday, May 4th. This represents a $4.28 dividend on an annualized basis and a yield of 4.5%. ONEOK’s payout ratio is currently 76.29%.

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.