ONEOK (NYSE:OKE) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

ONEOK (NYSE:OKE) had its price target lifted by stock analysts at Wells Fargo & Company from $79.00 to $81.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the utilities provider’s stock. Wells Fargo & Company‘s price objective would suggest a potential downside of 5.19% from the stock’s current price.

Other analysts have also issued reports about the stock. Jefferies Financial Group initiated coverage on shares of ONEOK in a research report on Tuesday, January 20th. They set a “hold” rating and a $80.00 price target on the stock. Wolfe Research downgraded shares of ONEOK from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, February 25th. JPMorgan Chase & Co. lowered shares of ONEOK from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $87.00 to $83.00 in a research note on Tuesday, January 27th. Barclays upped their target price on shares of ONEOK from $76.00 to $82.00 and gave the company an “equal weight” rating in a report on Thursday, March 5th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of ONEOK in a report on Monday, December 29th. Seven equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, ONEOK presently has an average rating of “Hold” and a consensus target price of $86.60.

ONEOK Stock Up 0.6%

NYSE:OKE opened at $85.44 on Friday. ONEOK has a twelve month low of $64.02 and a twelve month high of $103.64. The firm has a market capitalization of $53.81 billion, a price-to-earnings ratio of 15.76, a price-to-earnings-growth ratio of 6.50 and a beta of 0.93. The company has a quick ratio of 0.56, a current ratio of 0.71 and a debt-to-equity ratio of 1.36. The stock’s 50 day moving average price is $80.59 and its two-hundred day moving average price is $74.77.

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

Institutional Trading of ONEOK

Hedge funds have recently modified their holdings of the stock. Hoxton Planning & Management LLC raised its holdings in ONEOK by 2.3% in the 4th quarter. Hoxton Planning & Management LLC now owns 5,372 shares of the utilities provider’s stock valued at $395,000 after acquiring an additional 120 shares during the period. Disciplined Investments LLC boosted its holdings in shares of ONEOK by 0.6% during the fourth quarter. Disciplined Investments LLC now owns 21,577 shares of the utilities provider’s stock worth $1,586,000 after acquiring an additional 125 shares during the period. TCV Trust & Wealth Management Inc. boosted its holdings in shares of ONEOK by 4.2% during the fourth quarter. TCV Trust & Wealth Management Inc. now owns 3,290 shares of the utilities provider’s stock worth $242,000 after acquiring an additional 133 shares during the period. Loomis Sayles & Co. L P grew its position in shares of ONEOK by 14.8% in the fourth quarter. Loomis Sayles & Co. L P now owns 1,034 shares of the utilities provider’s stock valued at $76,000 after purchasing an additional 133 shares during the last quarter. Finally, Empowered Funds LLC grew its position in shares of ONEOK by 0.8% in the first quarter. Empowered Funds LLC now owns 17,957 shares of the utilities provider’s stock valued at $1,782,000 after purchasing an additional 137 shares during the last quarter. Institutional investors and hedge funds own 69.13% of the company’s stock.

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.