ONEOK, Inc. (NYSE:OKE) Given Consensus Recommendation of “Hold” by Analysts

ONEOK, Inc. (NYSE:OKE) has earned a consensus rating of “Hold” from the seventeen ratings firms that are currently covering the stock, Marketbeat reports. Nine analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $87.5333.

Several equities analysts have recently commented on OKE shares. Wells Fargo & Company increased their price target on shares of ONEOK from $79.00 to $81.00 and gave the stock an “equal weight” rating in a research report on Friday, March 13th. Barclays upped their price objective on ONEOK from $76.00 to $82.00 and gave the company an “equal weight” rating in a research note on Thursday, March 5th. JPMorgan Chase & Co. downgraded ONEOK from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $87.00 to $83.00 in a report on Tuesday, January 27th. Weiss Ratings reiterated a “hold (c)” rating on shares of ONEOK in a research report on Monday, December 29th. Finally, Mizuho set a $89.00 price target on ONEOK in a report on Monday, February 23rd.

ONEOK Trading Up 0.8%

OKE opened at $89.90 on Tuesday. ONEOK has a 12-month low of $64.02 and a 12-month high of $103.64. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.71 and a quick ratio of 0.56. The stock has a market capitalization of $56.62 billion, a PE ratio of 16.59, a P/E/G ratio of 6.79 and a beta of 0.93. The firm’s fifty day moving average price is $82.44 and its 200 day moving average price is $75.29.

ONEOK (NYSE:OKE) last announced its quarterly earnings data on Monday, February 23rd. The utilities provider reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.50 by $0.05. The company had revenue of $9.07 billion during 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 last year, the business earned $1.57 EPS. ONEOK has set its FY 2026 guidance at 5.040-5.870 EPS. As a group, research analysts expect 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 issued a $1.07 dividend. This is a boost from ONEOK’s previous quarterly dividend of $1.03. This represents a $4.28 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date of this dividend was Monday, February 2nd. ONEOK’s dividend payout ratio is presently 78.97%.

Institutional Trading of ONEOK

A number of institutional investors and hedge funds have recently modified their holdings of OKE. Vanguard Group Inc. raised its stake in ONEOK by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 77,603,334 shares of the utilities provider’s stock worth $5,703,845,000 after acquiring an additional 380,744 shares during the period. State Street Corp boosted its stake in ONEOK by 1.7% in the fourth quarter. State Street Corp now owns 38,450,591 shares of the utilities provider’s stock valued at $2,826,118,000 after acquiring an additional 648,647 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of ONEOK by 2.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 22,634,512 shares of the utilities provider’s stock valued at $1,663,637,000 after purchasing an additional 599,248 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of ONEOK by 3.2% during the fourth quarter. Geode Capital Management LLC now owns 16,596,172 shares of the utilities provider’s stock valued at $1,215,107,000 after purchasing an additional 518,746 shares during the last quarter. Finally, First Eagle Investment Management LLC raised its position in shares of ONEOK by 46.3% during the 4th quarter. First Eagle Investment Management LLC now owns 11,365,304 shares of the utilities provider’s stock worth $835,350,000 after purchasing an additional 3,596,089 shares during the period. 69.13% of the stock is owned by institutional investors and hedge funds.

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.