ONEOK (NYSE:OKE) Price Target Lowered to $79.00 at Wells Fargo & Company

ONEOK (NYSE:OKE) had its price objective trimmed by Wells Fargo & Company from $82.00 to $79.00 in a research report released on Wednesday morning,Benzinga reports. The firm currently has an equal weight rating on the utilities provider’s stock.

Several other research firms have also issued reports on OKE. Argus upgraded shares of ONEOK from a “hold” rating to a “buy” rating and set a $79.00 price target on the stock in a research report on Thursday, November 6th. Scotiabank restated an “outperform” rating and issued a $91.00 target price on shares of ONEOK in a report on Friday, January 16th. TD Cowen reduced their target price on ONEOK from $78.00 to $76.00 and set a “hold” rating for the company in a report on Thursday, October 30th. Morgan Stanley reissued an “overweight” rating and issued a $104.00 price target on shares of ONEOK in a research note on Wednesday, January 28th. Finally, Barclays reduced their price objective on shares of ONEOK from $78.00 to $76.00 and set an “equal weight” rating for the company in a research note on Thursday, January 15th. Seven research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $86.07.

ONEOK Price Performance

NYSE:OKE opened at $82.34 on Wednesday. The company has a quick ratio of 0.75, a current ratio of 0.71 and a debt-to-equity ratio of 1.36. The business’s 50-day moving average price is $77.71 and its 200 day moving average price is $73.85. ONEOK has a 52-week low of $64.02 and a 52-week high of $103.64. The firm has a market cap of $51.81 billion, a P/E ratio of 15.19, a PEG ratio of 4.88 and a beta of 0.96.

ONEOK (NYSE:OKE) last posted its quarterly earnings data on Monday, February 23rd. The utilities provider reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.50 by $0.05. ONEOK had a net margin of 10.09% and a return on equity of 15.29%. The company had revenue of $9.07 billion during the quarter, compared to analyst estimates of $8.77 billion. During the same quarter last year, the firm posted $1.57 EPS. ONEOK has set its FY 2026 guidance at 5.040-5.870 EPS. As a group, sell-side analysts predict that ONEOK will post 5.07 earnings per share for the current fiscal year.

ONEOK Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Monday, February 2nd were paid a dividend of $1.07 per share. This is a boost from ONEOK’s previous quarterly dividend of $1.03. The ex-dividend date of this dividend was Monday, February 2nd. This represents a $4.28 annualized dividend and a yield of 5.2%. ONEOK’s dividend payout ratio (DPR) is presently 78.97%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in OKE. Zions Bancorporation National Association UT grew its holdings in shares of ONEOK by 73.3% during the 4th quarter. Zions Bancorporation National Association UT now owns 338 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 143 shares in the last quarter. Winnow Wealth LLC purchased a new position in ONEOK in the third quarter valued at about $28,000. City Holding Co. purchased a new position in ONEOK in the third quarter valued at about $28,000. Elyxium Wealth LLC purchased a new stake in shares of ONEOK during the 4th quarter worth about $29,000. Finally, Global Wealth Strategies & Associates purchased a new stake in shares of ONEOK during the 3rd quarter worth about $29,000. 69.13% of the stock is owned by hedge funds and other institutional investors.

More ONEOK News

Here are the key news stories impacting ONEOK this week:

• Positive Sentiment: Q4 results beat expectations — OKE reported an EPS beat and a ~29% year‑over‑year revenue increase, with management highlighting double‑digit full‑year earnings growth and stronger margins versus prior periods. ONEOK Q4 Earnings Top Estimates, Revenues Rise Year Over Year
• Positive Sentiment: Operational / strategic positives from the earnings call — management emphasized balance‑sheet improvement, integration progress on acquisitions, long‑cycle growth projects and a dividend that supports the stock’s high yield profile. These are bullish for long‑term income investors. ONEOK (OKE) Q4 2025 Earnings Call Transcript
• Neutral Sentiment: Analysts are mixed on the outlook — coverage pieces summarize consensus expectations and management’s FY2026 EPS guide (5.04–5.87), leaving some uncertainty about near‑term growth vs. capital deployment. Analyst Expectations For ONEOK’s Future
• Negative Sentiment: Tepid 2026 guidance and higher capex weighed on sentiment — management guided to essentially steady earnings for 2026 and outlined a roughly $3B capex plan, which, combined with margin compression in the quarter, sparked investor concern about near‑term profit growth. ONEOK Q4 Earnings Top Estimates, Revenues Rise Year Over Year (Zacks)
• Negative Sentiment: Analyst downgrades and target cuts followed — Wolfe Research cut OKE to “peer perform” and other shops (Wells Fargo) trimmed the price target to the high‑$70s / equal‑weight, creating additional short‑term selling pressure. ONEOK cut at Wolfe, seeing growth as below average
• Negative Sentiment: Market reaction: several headlines note the stock fell despite the beat, tying the drop to cautious guidance and analyst actions — this is driving the intraday weakness and higher volume. Why Oneok Fell Today

About ONEOK

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.