ONEOK (NYSE:OKE) Earns Hold Rating from Analysts at Stifel Nicolaus

Equities research analysts at Stifel Nicolaus initiated coverage on shares of ONEOK (NYSE:OKE) in a research report issued on Thursday, FinViz reports. The brokerage set a “hold” rating and a $105.00 price target on the utilities provider’s stock. Stifel Nicolaus’ price objective indicates a potential upside of 9.45% from the company’s previous close.

A number of other equities research analysts have also recently commented on the stock. JPMorgan Chase & Co. raised their price objective on shares of ONEOK from $95.00 to $106.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 1st. Freedom Capital upgraded ONEOK from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 5th. US Capital Advisors cut shares of ONEOK from a “strong-buy” rating to a “moderate buy” rating in a research report on Thursday, August 20th. Wall Street Zen raised shares of ONEOK from a “sell” rating to a “hold” rating in a report on Sunday, August 9th. Finally, Truist Financial boosted their target price on shares of ONEOK from $93.00 to $104.00 and gave the stock a “hold” rating in a research note on Wednesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and twelve have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $96.62.

ONEOK Trading Down 1.6%

NYSE OKE opened at $95.93 on Thursday. The company has a market capitalization of $60.47 billion, a PE ratio of 16.54, a P/E/G ratio of 2.72 and a beta of 0.74. The company has a fifty day moving average of $92.22 and a 200 day moving average of $89.34. ONEOK has a 1 year low of $64.02 and a 1 year high of $99.85. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.74 and a quick ratio of 0.59.

ONEOK (NYSE:OKE) last released its quarterly earnings data on Monday, August 3rd. The utilities provider reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.07. ONEOK had a return on equity of 16.41% and a net margin of 9.29%.The business had revenue of $12.05 billion during the quarter, compared to analyst estimates of $8.95 billion. During the same quarter last year, the business posted $1.34 EPS. ONEOK has set its FY 2026 guidance at 5.680-5.680 EPS. Research analysts forecast that ONEOK will post 5.84 earnings per share for the current year.

Institutional Investors Weigh In On ONEOK

Several hedge funds and other institutional investors have recently made changes to their positions in OKE. Pin Oak Investment Advisors Inc. acquired a new position in shares of ONEOK during the 2nd quarter valued at about $28,000. Zions Bancorporation National Association UT grew its stake in shares of ONEOK by 73.3% in the 4th quarter. Zions Bancorporation National Association UT now owns 338 shares of the utilities provider’s stock valued at $25,000 after buying an additional 143 shares during the period. Portus Wealth Advisors LLC purchased a new stake in shares of ONEOK in the 1st quarter valued at approximately $33,000. Transamerica Financial Advisors LLC increased its holdings in shares of ONEOK by 69.6% during the 2nd quarter. Transamerica Financial Advisors LLC now owns 363 shares of the utilities provider’s stock worth $32,000 after buying an additional 149 shares during the last quarter. Finally, Elyxium Wealth LLC acquired a new stake in shares of ONEOK during the 4th quarter worth approximately $29,000. Institutional investors and hedge funds own 69.13% of the company’s stock.

ONEOK Company Profile

ONEOK, Inc (NYSE: OKE) is an energy infrastructure company that gathers, processes, stores and transports natural gas and natural gas liquids (NGLs). Its operations connect production areas with domestic and international markets through pipelines, processing facilities, fractionation plants, storage assets and export infrastructure.

The company’s services include natural gas gathering and processing, interstate and intrastate natural gas transportation and storage, and the gathering, fractionation, storage and transportation of NGLs such as ethane, propane, normal butane, isobutane and natural gasoline.