ONEOK (NYSE:OKE) Upgraded to “Overweight” at Wells Fargo & Company

Wells Fargo & Company upgraded shares of ONEOK (NYSE:OKE) from an equal weight rating to an overweight rating in a research note issued to investors on Wednesday, Marketbeat reports. Wells Fargo & Company currently has $100.00 price objective on the utilities provider’s stock, up from their prior price objective of $81.00.

A number of other research firms have also commented on OKE. Barclays upped their price target on ONEOK from $76.00 to $82.00 and gave the company an “equal weight” rating in a research report on Thursday, March 5th. Truist Financial began coverage on ONEOK in a research note on Tuesday. They issued a “hold” rating and a $91.00 price objective on the stock. Royal Bank Of Canada upped their target price on ONEOK from $79.00 to $84.00 and gave the company a “sector perform” rating in a report on Thursday, March 19th. Morgan Stanley reissued an “overweight” rating and set a $104.00 target price on shares of ONEOK in a research report on Wednesday, January 28th. Finally, UBS Group lowered their price target on shares of ONEOK from $114.00 to $103.00 and set a “buy” rating for the company in a report on Thursday, January 22nd. Nine investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, ONEOK presently has an average rating of “Moderate Buy” and a consensus price target of $88.94.

ONEOK Price Performance

OKE stock opened at $92.12 on Wednesday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.56 and a current ratio of 0.71. ONEOK has a 52-week low of $64.02 and a 52-week high of $103.61. The company has a market capitalization of $58.02 billion, a P/E ratio of 17.00, a PEG ratio of 6.90 and a beta of 0.93. The company has a fifty day moving average price of $83.10 and a 200-day moving average price of $75.54.

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 analysts’ consensus estimates of $1.50 by $0.05. The business had revenue of $9.07 billion during the quarter, compared to the consensus estimate of $8.77 billion. ONEOK had a return on equity of 15.29% and a net margin of 10.09%.During the same period in the prior year, the business posted $1.57 earnings per share. ONEOK has set its FY 2026 guidance at 5.040-5.870 EPS. As a group, equities analysts expect that ONEOK will post 5.07 EPS for the current year.

ONEOK Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Monday, February 2nd were paid a dividend of $1.07 per share. This is an increase 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 dividend on an annualized basis and a yield of 4.6%. ONEOK’s dividend payout ratio (DPR) is currently 78.97%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of OKE. Brighton Jones LLC raised its position in ONEOK by 137.1% in the fourth 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 period. Empowered Funds LLC increased its stake in shares of ONEOK by 0.8% during the 1st quarter. Empowered Funds LLC now owns 17,957 shares of the utilities provider’s stock worth $1,782,000 after purchasing an additional 137 shares during the last quarter. Acadian Asset Management LLC bought a new stake in shares of ONEOK in the 1st quarter worth approximately $216,000. Franklin Resources Inc. raised its holdings in shares of ONEOK by 181.0% in the 2nd quarter. Franklin Resources Inc. now owns 649,743 shares of the utilities provider’s stock worth $53,039,000 after purchasing an additional 418,486 shares during the period. Finally, AlphaCore Capital LLC lifted its stake in ONEOK by 31.9% in the second quarter. AlphaCore Capital LLC now owns 2,900 shares of the utilities provider’s stock valued at $237,000 after purchasing an additional 702 shares during 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: Wells Fargo upgraded ONEOK to Overweight and raised its price target to $100 (from $81), signaling increased upside and likely driving buying interest. Wall Street Raises ONEOK Price Target to $100
• Positive Sentiment: Analysts/Wells Fargo note geopolitical developments (war-related demand) could boost U.S. LPG exporters, supporting volumes and margins for midstream owners like ONEOK. Enterprise Products, ONEOK raised at Wells Fargo as war boost seen for US LPG exporters
• Positive Sentiment: Feature pieces highlight ONEOK’s pipeline and infrastructure role in energy distribution — a steady earnings and cash-flow driver that supports dividend and valuation multiple resilience. ONEOK Pipeline Infrastructure Drives Energy Distribution
• Neutral Sentiment: Truist initiated coverage with a Hold rating and $91 price target — a vote for stability but not an immediate catalyst. Truist initiates coverage of ONEOK with Hold
• Neutral Sentiment: Energy-sector action was mixed broadly, so sector flows may temper or amplify OKE moves depending on oil/gas/LPG headlines. Sector Update: Energy Stocks Mixed Late Afternoon
• Neutral Sentiment: ONEOK announced board transitions (two directors retiring) — typical governance update; watch for any strategic commentary but not an immediate earnings impact. ONEOK Announces Board Transitions
• Negative Sentiment: US Capital Advisors trimmed short‑term and FY estimates (Q1–Q4 and FY2026/FY2027), cutting several quarterly EPS forecasts — a downside to near-term expectations that could cap multiple expansion. Market analyst estimate updates for ONEOK
• Neutral Sentiment: Market momentum note: OKE has risen notably since the February earnings release, which may attract momentum traders but also raises the bar for further near-term gains. Oneok Up 9.7% Since Last Earnings Report

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.