ONEOK FY2028 Earnings Forecast Lifted by US Capital Advisors

ONEOK, Inc. (NYSE:OKE) – Research analysts at US Capital Advisors increased their FY2028 earnings per share estimates for shares of ONEOK in a note issued to investors on Tuesday, October 27th. US Capital Advisors analyst J. Carreker now expects that the utilities provider will earn $7.25 per share for the year, up from their previous estimate of $7.22. US Capital Advisors currently has a “Moderate Buy” rating on the stock. The consensus estimate for ONEOK’s current full-year earnings is $5.70 per share.

ONEOK (NYSE:OKE) last released its quarterly earnings results on Tuesday, October 27th. The utilities provider reported $2.13 EPS for the quarter, beating analysts’ consensus estimates of $1.50 by $0.63. The business had revenue of $12.46 billion during the quarter, compared to analysts’ expectations of $10.54 billion. During the same quarter last year, the business posted $1.49 earnings per share.

OKE has been the topic of a number of other research reports. Capital One Financial assumed coverage on ONEOK in a research report on Tuesday, September 22nd. They set an “overweight” rating and a $110.00 price target on the stock. Royal Bank Of Canada boosted their target price on shares of ONEOK from $90.00 to $96.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 21st. Truist Financial lifted their price objective on ONEOK from $93.00 to $104.00 and gave the stock a “hold” rating in a report on Wednesday, September 2nd. UBS Group set a $93.00 target price on ONEOK in a report on Friday, September 11th. Finally, TD Cowen reaffirmed a “hold” rating on shares of ONEOK in a research note on Friday, October 16th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $97.53.

ONEOK Stock Performance

OKE stock opened at $95.84 on Wednesday. ONEOK has a one year low of $64.02 and a one year high of $99.85. The firm’s fifty day moving average is $92.88 and its 200 day moving average is $88.24. The firm has a market cap of $60.42 billion, a PE ratio of 16.52 and a beta of 0.82.

Institutional Trading of ONEOK

Hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. grew its position in ONEOK by 8.7% in the second quarter. BlackRock Inc. now owns 64,537,467 shares of the utilities provider’s stock worth $5,610,887,000 after acquiring an additional 5,148,768 shares during the period. Legal & General Group Plc acquired a new stake in shares of ONEOK during the 2nd quarter worth about $389,985,000. Kayne Anderson Capital Advisors LP acquired a new stake in shares of ONEOK during the 2nd quarter worth about $335,958,000. Jupiter Topco LLC purchased a new position in ONEOK during the second quarter worth about $324,807,000. Finally, Ontario Teachers Pension Plan Board acquired a new stake in shares of ONEOK during the second quarter valued at about $204,672,000. Institutional investors and hedge funds own 69.13% of the company’s stock.

ONEOK Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 16th. Shareholders of record on Monday, November 2nd will be issued a $1.07 dividend. This represents a $4.28 annualized dividend and a yield of 4.5%. The ex-dividend date is Monday, November 2nd. ONEOK’s dividend payout ratio is presently 73.79%.

More ONEOK News

Here are the key news stories impacting ONEOK this week:

• Positive Sentiment: ONEOK reported third-quarter earnings of $2.13 per share, well above the $1.46–$1.50 analyst consensus and up from $1.49 in the year-ago quarter. Revenue reached $12.46 billion, exceeding the approximately $10.54 billion consensus estimate. ONEOK Reports Third-Quarter and Nine-Month Earnings
• Positive Sentiment: The earnings and revenue beats were substantial, at approximately 45.9% and 5.8%, respectively, strengthening the case that operating performance is running ahead of expectations. ONEOK Beats Q3 Earnings and Revenue Estimates
• Positive Sentiment: Management increased its 2026 financial guidance, citing strong year-to-date results, higher volumes and expected contributions from the Brazos Permian Midland acquisition. Higher guidance can support investor estimates and valuation. ONEOK Increases 2026 Financial Guidance
• Positive Sentiment: Coverage highlighted record Permian Basin volumes as a key driver of the quarterly EPS beat, indicating continued strength in ONEOK’s gathering, processing and transportation businesses. ONEOK Q3 Earnings Powered by Record Permian Volumes

About ONEOK

ONEOK, Inc is an energy infrastructure company that operates midstream assets across the United States. Its business includes the gathering, processing, storage and transportation of natural gas, as well as the gathering, fractionation, storage and transportation of natural gas liquids (NGLs). The company also provides transportation and storage services for refined petroleum products, crude oil and other related commodities.

ONEOK serves major producing and consuming regions, including the Mid-Continent, Rocky Mountain, Permian and Gulf Coast areas.