Capital One Financial Begins Coverage on ONEOK (NYSE:OKE)

Stock analysts at Capital One Financial assumed coverage on shares of ONEOK (NYSE:OKE) in a research report issued on Tuesday, Briefing.com reports. The brokerage set an “overweight” rating and a $110.00 price target on the utilities provider’s stock. Capital One Financial‘s target price would suggest a potential upside of 19.77% from the stock’s previous close.

A number of other equities research analysts also recently weighed in on the company. Jefferies Financial Group lifted their price objective on ONEOK from $95.00 to $105.00 and gave the company a “hold” rating in a report on Wednesday, September 2nd. Wells Fargo & Company increased their target price on shares of ONEOK from $98.00 to $106.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 2nd. Morgan Stanley lifted their price target on shares of ONEOK from $105.00 to $112.00 and gave the company an “equal weight” rating in a report on Wednesday, September 9th. Royal Bank Of Canada boosted their price target on shares of ONEOK from $84.00 to $90.00 and gave the company a “sector perform” rating in a research report on Tuesday, July 21st. Finally, Citigroup boosted their target price on ONEOK from $97.00 to $108.00 and gave the stock a “buy” rating in a report on Thursday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat, ONEOK currently has a consensus rating of “Hold” and an average price target of $96.88.

ONEOK Trading Down 1.7%

ONEOK stock opened at $91.84 on Tuesday. The stock has a market cap of $57.89 billion, a price-to-earnings ratio of 15.83, a price-to-earnings-growth ratio of 2.65 and a beta of 0.74. The company has a quick ratio of 0.59, a current ratio of 0.74 and a debt-to-equity ratio of 1.34. ONEOK has a 12 month low of $64.02 and a 12 month high of $99.85. The business has a 50 day moving average price of $93.00 and a two-hundred day moving average price of $89.89.

ONEOK (NYSE:OKE) last issued its earnings results on Monday, August 3rd. The utilities provider reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.07. The business had revenue of $12.05 billion during the quarter, compared to analyst estimates of $8.95 billion. ONEOK had a return on equity of 16.41% and a net margin of 9.29%.During the same period in the prior year, the company posted $1.34 earnings per share. ONEOK has set its FY 2026 guidance at 5.680-5.680 EPS. As a group, equities analysts forecast that ONEOK will post 5.74 EPS for the current year.

Hedge Funds Weigh In On ONEOK

A number of large investors have recently modified their holdings of OKE. Empowered Funds LLC grew its stake in shares of ONEOK by 21.8% in the second quarter. Empowered Funds LLC now owns 73,242 shares of the utilities provider’s stock valued at $6,368,000 after buying an additional 13,103 shares in the last quarter. Saudi Central Bank raised its holdings in shares of ONEOK by 89.9% in the 2nd quarter. Saudi Central Bank now owns 44,102 shares of the utilities provider’s stock valued at $3,834,000 after purchasing an additional 20,876 shares during the period. Matrix Trust Co bought a new stake in shares of ONEOK in the 2nd quarter valued at about $1,245,000. ABC Arbitrage SA lifted its stake in ONEOK by 59.7% in the 1st quarter. ABC Arbitrage SA now owns 31,389 shares of the utilities provider’s stock valued at $2,837,000 after purchasing an additional 11,740 shares during the last quarter. Finally, Jupiter Topco LLC bought a new position in ONEOK during the second quarter worth about $324,807,000. 69.13% of the stock is currently owned by institutional investors and hedge funds.

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.