ONEOK (NYSE:OKE) Lowered to Peer Perform Rating by Wolfe Research

Wolfe Research downgraded shares of ONEOK (NYSE:OKE) from an outperform rating to a peer perform rating in a research note released on Wednesday, Marketbeat.com reports.

Other research analysts also recently issued reports about the company. Argus upgraded ONEOK from a “hold” rating to a “buy” rating and set a $79.00 price target for the company in a report on Thursday, November 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of ONEOK in a research report on Monday, December 29th. TD Cowen decreased their price target on ONEOK from $78.00 to $76.00 and set a “hold” rating on the stock in a research note on Thursday, October 30th. Stifel Nicolaus set a $94.00 price objective on shares of ONEOK in a research note on Thursday, October 30th. Finally, Scotiabank reissued an “outperform” rating and issued a $91.00 target price on shares of ONEOK in a research report on Friday, January 16th. Seven investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $86.07.

ONEOK Stock Down 0.7%

OKE opened at $82.34 on Wednesday. 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. The business’s fifty day simple moving average is $77.71 and its 200 day simple moving average is $73.85. ONEOK has a 52 week low of $64.02 and a 52 week high of $103.64. The company has a quick ratio of 0.75, a current ratio of 0.71 and a debt-to-equity ratio of 1.36.

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

ONEOK Increases Dividend

The firm also recently disclosed 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 an increase from ONEOK’s previous quarterly dividend of $1.03. This represents a $4.28 annualized dividend and a yield of 5.2%. The ex-dividend date was Monday, February 2nd. ONEOK’s payout ratio is presently 78.97%.

Hedge Funds Weigh In On ONEOK

Hedge funds and other institutional investors have recently made changes to their positions in the business. Zions Bancorporation National Association UT lifted its stake in shares of ONEOK by 73.3% during the fourth quarter. Zions Bancorporation National Association UT now owns 338 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 143 shares in the last quarter. City Holding Co. purchased a new stake in shares of ONEOK during the 3rd quarter valued at about $28,000. Winnow Wealth LLC acquired a new position in ONEOK during the 3rd quarter worth approximately $28,000. Global Wealth Strategies & Associates purchased a new position in ONEOK in the 3rd quarter worth approximately $29,000. Finally, Financial Consulate Inc. acquired a new stake in ONEOK in the third quarter valued at approximately $29,000. Institutional investors and hedge funds own 69.13% of the company’s stock.

ONEOK News Roundup

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.