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

Shares of ONEOK, Inc. (NYSE:OKE) have received an average recommendation of “Moderate Buy” from the seventeen analysts that are presently covering the company, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $88.00.

A number of research analysts have recently commented on the company. Barclays lowered their target price on ONEOK from $83.00 to $78.00 and set an “equal weight” rating for the company in a research report on Thursday, October 9th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $72.00 price target on shares of ONEOK in a research note on Monday, November 3rd. Scotiabank dropped their price objective 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. Stifel Nicolaus set a $94.00 target price on shares of ONEOK in a report on Thursday, October 30th. Finally, Argus upgraded shares of ONEOK from a “hold” rating to a “buy” rating and set a $79.00 target price on the stock in a research report on Thursday, November 6th.

Insider Activity

In related news, Director Brian L. Derksen bought 2,500 shares of the company’s stock in a transaction dated Monday, November 3rd. The stock was purchased at an average price of $66.00 per share, for a total transaction of $165,000.00. Following the acquisition, the director owned 21,200 shares in the company, valued at $1,399,200. This trade represents a 13.37% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.21% of the stock is owned by insiders.

Institutional Trading of ONEOK

Institutional investors have recently bought and sold shares of the stock. Brighton Jones LLC lifted its holdings in shares of ONEOK by 137.1% in the 4th quarter. Brighton Jones LLC now owns 15,278 shares of the utilities provider’s stock worth $1,534,000 after acquiring an additional 8,834 shares during the last quarter. AQR Capital Management LLC raised its position in ONEOK by 11.4% in the 1st quarter. AQR Capital Management LLC now owns 105,903 shares of the utilities provider’s stock worth $10,489,000 after purchasing an additional 10,799 shares during the period. Kestra Investment Management LLC lifted its stake in ONEOK by 376.5% in the first quarter. Kestra Investment Management LLC now owns 2,435 shares of the utilities provider’s stock worth $242,000 after purchasing an additional 1,924 shares during the last quarter. Ashton Thomas Private Wealth LLC boosted its position in shares of ONEOK by 4.6% during the first quarter. Ashton Thomas Private Wealth LLC now owns 18,024 shares of the utilities provider’s stock valued at $1,788,000 after buying an additional 786 shares during the period. Finally, Fred Alger Management LLC grew its stake in shares of ONEOK by 9.1% during the first quarter. Fred Alger Management LLC now owns 46,329 shares of the utilities provider’s stock valued at $4,597,000 after buying an additional 3,870 shares during the last quarter. 69.13% of the stock is currently owned by institutional investors.

ONEOK Stock Down 0.2%

OKE opened at $70.75 on Thursday. The company has a market capitalization of $44.52 billion, a PE ratio of 13.00, a price-to-earnings-growth ratio of 3.96 and a beta of 0.94. The firm has a 50-day simple moving average of $71.42 and a two-hundred day simple moving average of $74.03. The company has a quick ratio of 0.75, a current ratio of 0.90 and a debt-to-equity ratio of 1.44. ONEOK has a 52 week low of $64.02 and a 52 week high of $111.02.

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

ONEOK Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Monday, November 3rd were given a dividend of $1.03 per share. The ex-dividend date was Monday, November 3rd. This represents a $4.12 dividend on an annualized basis and a yield of 5.8%. ONEOK’s dividend payout ratio is 75.74%.

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.