ONEOK, Inc. (NYSE:OKE) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of ONEOK, Inc. (NYSE:OKE) have received an average rating of “Moderate Buy” from the seventeen research firms that are presently covering the company, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $89.2667.

Several analysts have recently issued reports on the company. Mizuho reduced their price objective on ONEOK from $87.00 to $82.00 and set a “neutral” rating on the stock in a research report on Friday, August 29th. Scotiabank cut their target price on shares of ONEOK from $88.00 to $87.00 and set a “sector outperform” rating for the company in a research note on Tuesday, November 4th. Royal Bank Of Canada reduced their target price on shares of ONEOK from $94.00 to $88.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 13th. Stifel Nicolaus set a $94.00 price target on shares of ONEOK in a report on Thursday, October 30th. Finally, Argus raised shares of ONEOK from a “hold” rating to a “buy” rating and set a $79.00 price objective for the company in a research report on Thursday, November 6th.

ONEOK Trading Up 0.9%

NYSE:OKE opened at $69.47 on Wednesday. ONEOK has a 52-week low of $64.02 and a 52-week high of $118.07. The company has a quick ratio of 0.46, a current ratio of 0.90 and a debt-to-equity ratio of 1.44. The stock has a fifty day simple moving average of $70.30 and a 200-day simple moving average of $76.38. The company has a market capitalization of $43.72 billion, a PE ratio of 12.77, a price-to-earnings-growth ratio of 2.62 and a beta of 1.06.

ONEOK (NYSE:OKE) last posted its earnings results on Tuesday, October 28th. The utilities provider reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.48 by $0.01. ONEOK had a net margin of 10.58% and a return on equity of 15.12%. The firm had revenue of $8.63 billion during the quarter, compared to the consensus estimate of $8.23 billion. During the same period last year, the firm posted $1.18 EPS. ONEOK has set its FY 2025 guidance at 4.970-5.770 EPS. On average, equities research analysts expect that ONEOK will post 5.07 earnings per share for the current fiscal year.

ONEOK Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Monday, November 3rd were issued a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 5.9%. The ex-dividend date was Monday, November 3rd. ONEOK’s payout ratio is presently 75.74%.

Insider Activity at ONEOK

In other ONEOK news, Director Brian L. Derksen acquired 2,500 shares of the firm’s stock in a transaction on Monday, November 3rd. The stock was bought at an average cost of $66.00 per share, for a total transaction of $165,000.00. Following the completion of the purchase, the director directly owned 21,200 shares in the company, valued at $1,399,200. This represents a 13.37% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Brighton Jones LLC raised 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 buying an additional 8,834 shares during the period. Mutual of America Capital Management LLC grew its holdings in ONEOK by 3.1% during the 1st quarter. Mutual of America Capital Management LLC now owns 72,140 shares of the utilities provider’s stock valued at $7,158,000 after purchasing an additional 2,166 shares in the last quarter. IFP Advisors Inc grew its holdings in ONEOK by 4.1% during the 1st quarter. IFP Advisors Inc now owns 12,457 shares of the utilities provider’s stock valued at $1,244,000 after purchasing an additional 486 shares in the last quarter. J.W. Cole Advisors Inc. increased its stake in ONEOK by 65.9% during the 1st quarter. J.W. Cole Advisors Inc. now owns 20,062 shares of the utilities provider’s stock worth $1,991,000 after buying an additional 7,969 shares during the period. Finally, Wealth Alliance LLC lifted its holdings in ONEOK by 7.5% in the 1st quarter. Wealth Alliance LLC now owns 3,530 shares of the utilities provider’s stock worth $350,000 after buying an additional 246 shares in the last quarter. 69.13% of the stock is owned by hedge funds and other institutional investors.

About ONEOK

ONEOK, Inc engages in gathering, processing, fractionation, storage, transportation, and marketing of natural gas and natural gas liquids (NGL) in the United States. It operates through four segments: Natural Gas Gathering and Processing, Natural Gas Liquids, Natural Gas Pipelines, and Refined Products and Crude.