Analysts Set ONEOK, Inc. (NYSE:OKE) Price Target at $96.06

ONEOK, Inc. (NYSE:OKE) has been assigned a consensus rating of “Hold” from the nineteen ratings firms that are covering the company, MarketBeat.com reports. Twelve investment analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $96.0625.

OKE has been the topic of several research analyst reports. Truist Financial boosted their price objective on ONEOK from $93.00 to $104.00 and gave the stock a “hold” rating in a research report on Wednesday, September 2nd. Jefferies Financial Group lifted their target price on ONEOK from $95.00 to $105.00 and gave the stock a “hold” rating in a research note on Wednesday, September 2nd. US Capital Advisors downgraded shares of ONEOK from a “strong-buy” rating to a “moderate buy” rating in a report on Thursday, August 20th. UBS Group set a $93.00 price target on shares of ONEOK in a research report on Friday, September 11th. Finally, Barclays decreased their price objective on shares of ONEOK from $90.00 to $88.00 and set an “equal weight” rating for the company in a report on Wednesday, July 8th.

ONEOK Stock Up 0.4%

ONEOK stock opened at $93.06 on Tuesday. ONEOK has a fifty-two week low of $64.02 and a fifty-two week high of $99.85. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.59 and a current ratio of 0.74. The firm’s 50-day simple moving average is $92.93 and its 200 day simple moving average is $89.79. The stock has a market cap of $58.66 billion, a PE ratio of 16.05, a price-to-earnings-growth ratio of 2.63 and a beta of 0.74.

ONEOK (NYSE:OKE) last posted its earnings results on Monday, August 3rd. The utilities provider reported $1.53 EPS for the quarter, topping the consensus estimate of $1.46 by $0.07. The firm had revenue of $12.05 billion for the quarter, compared to analysts’ expectations of $8.95 billion. ONEOK had a net margin of 9.29% and a return on equity of 16.41%. During the same quarter last year, the firm earned $1.34 EPS. ONEOK has set its FY 2026 guidance at 5.680-5.680 EPS. Research analysts predict that ONEOK will post 5.74 EPS for the current fiscal year.

ONEOK Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Monday, August 3rd were given a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date of this dividend was Monday, August 3rd. ONEOK’s dividend payout ratio is currently 73.79%.

Institutional Investors Weigh In On ONEOK

A number of hedge funds have recently modified their holdings of the stock. Capital International Investors bought a new position in ONEOK during the fourth quarter valued at approximately $586,500,000. Norges Bank bought a new stake in shares of ONEOK in the 4th quarter worth approximately $564,867,000. BlackRock Inc. boosted its stake in shares of ONEOK by 8.7% in the 2nd quarter. BlackRock Inc. now owns 64,537,467 shares of the utilities provider’s stock valued at $5,610,887,000 after purchasing an additional 5,148,768 shares in the last quarter. Legal & General Group Plc bought a new position in shares of ONEOK during the 2nd quarter valued at $389,985,000. Finally, Kayne Anderson Capital Advisors LP bought a new position in shares of ONEOK during the 2nd quarter valued at $335,958,000. Institutional investors 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.