ONEOK (NYSE:OKE) Coverage Initiated by Analysts at Truist Financial

Truist Financial started coverage on shares of ONEOK (NYSE:OKE) in a research report sent to investors on Tuesday, MarketBeat reports. The brokerage issued a hold rating and a $91.00 price objective on the utilities provider’s stock.

Several other analysts have also recently weighed in on OKE. Wolfe Research cut ONEOK from an “outperform” rating to a “peer perform” rating in a report on Wednesday, February 25th. Royal Bank Of Canada upped their price objective on ONEOK from $79.00 to $84.00 and gave the company a “sector perform” rating in a report on Thursday, March 19th. Mizuho set a $89.00 target price on ONEOK in a report on Monday, February 23rd. Jefferies Financial Group raised shares of ONEOK from a “hold” rating to a “buy” rating and boosted their target price for the company from $85.00 to $98.00 in a research report on Friday, March 20th. Finally, Barclays upped their price target on shares of ONEOK from $76.00 to $82.00 and gave the company an “equal weight” rating in a research note on Thursday, March 5th. Eight research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $87.75.

ONEOK Stock Up 1.0%

ONEOK stock opened at $90.86 on Tuesday. The company’s 50-day moving average price is $82.78 and its two-hundred day moving average price is $75.42. 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 has a market cap of $57.22 billion, a P/E ratio of 16.76, a P/E/G ratio of 6.83 and a beta of 0.93. ONEOK has a twelve month low of $64.02 and a twelve month high of $103.64.

ONEOK (NYSE:OKE) last issued its quarterly earnings data on Monday, February 23rd. The utilities provider reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $8.77 billion. During the same quarter in the previous year, the company posted $1.57 earnings per share. ONEOK has set its FY 2026 guidance at 5.040-5.870 EPS. As a group, analysts expect that ONEOK will post 5.07 EPS for the current year.

ONEOK Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Monday, February 2nd were given a $1.07 dividend. This represents a $4.28 annualized dividend and a dividend yield of 4.7%. The ex-dividend date was Monday, February 2nd. This is a boost from ONEOK’s previous quarterly dividend of $1.03. ONEOK’s dividend payout ratio is presently 78.97%.

Institutional Trading of ONEOK

Several large investors have recently made changes to their positions in the company. National Pension Service lifted its holdings in shares of ONEOK by 2.9% in the third quarter. National Pension Service now owns 857,949 shares of the utilities provider’s stock worth $62,605,000 after acquiring an additional 24,003 shares during the last quarter. Hudson Edge Investment Partners Inc. boosted its stake in shares of ONEOK by 34.1% in the 3rd quarter. Hudson Edge Investment Partners Inc. now owns 87,667 shares of the utilities provider’s stock valued at $6,397,000 after purchasing an additional 22,282 shares in the last quarter. Nordea Investment Management AB grew its holdings in shares of ONEOK by 7.5% during the 3rd quarter. Nordea Investment Management AB now owns 777,262 shares of the utilities provider’s stock valued at $55,885,000 after purchasing an additional 54,444 shares during the last quarter. Tectonic Advisors LLC increased its position in ONEOK by 41.1% during the 3rd quarter. Tectonic Advisors LLC now owns 188,842 shares of the utilities provider’s stock worth $13,780,000 after purchasing an additional 55,024 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its position in ONEOK by 29.6% during the 3rd quarter. Jones Financial Companies Lllp now owns 534,285 shares of the utilities provider’s stock worth $39,401,000 after purchasing an additional 121,891 shares in the last quarter. Institutional investors and hedge funds own 69.13% of the company’s stock.

Key Headlines Impacting ONEOK

Here are the key news stories impacting ONEOK this week:

• Positive Sentiment: Jefferies upgraded ONEOK, signaling institutional support that likely helped buying interest. ONEOK Upgraded at Jefferies Financial Group
• Positive Sentiment: ONEOK earned membership in the “95‑plus composite rating club,” a quality/composite score that can attract income and quality‑focused investors. Oneok earns membership in 95-plus composite rating club
• Positive Sentiment: A Zacks note called out OKE advancing while the broader market declined, reinforcing that headline momentum is favoring the stock today. Oneok Inc. (OKE) Advances While Market Declines
• Neutral Sentiment: Truist initiated coverage with a “Hold” rating and a $91 price target—only a marginal upside from current levels—so this is more confirmation than a strong catalyst. Benzinga coverage of Truist initiation
• Neutral Sentiment: Brokerage consensus remains around a “Hold,” per a survey report, which supports the view that the stock is fairly valued by many analysts. ONEOK Receives Average Rating of “Hold” from Brokerages
• Negative Sentiment: US Capital Advisors issued a detailed set of cuts to near‑term 2026/2027 quarterly and annual EPS forecasts (e.g., FY2026 lowered to $5.63 from $5.96; FY2027 trimmed to $6.01), which could weigh on short‑term sentiment despite the firm’s longer‑term FY2028 projection. This is the main fundamental headwind in today’s newsflow. MarketBeat summary of analyst estimate changes

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.