ONEOK (NYSE:OKE) Lowered to “Sell” Rating by Wall Street Zen

Wall Street Zen cut shares of ONEOK (NYSE:OKE) from a hold rating to a sell rating in a research note published on Saturday morning.

Other analysts also recently issued reports about the company. Citigroup increased their price target on ONEOK from $95.00 to $97.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Royal Bank Of Canada boosted their price objective on ONEOK from $84.00 to $90.00 and gave the company a “sector perform” rating in a research note on Tuesday, July 21st. Wells Fargo & Company cut their target price on ONEOK from $100.00 to $98.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Jefferies Financial Group raised their target price on ONEOK from $98.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, April 8th. Finally, JPMorgan Chase & Co. lifted their target price on ONEOK from $91.00 to $92.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Seven investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $91.81.

ONEOK Price Performance

Shares of NYSE OKE opened at $90.83 on Friday. The company has a market capitalization of $57.24 billion, a PE ratio of 16.19, a P/E/G ratio of 4.93 and a beta of 0.73. The company has a quick ratio of 0.56, a current ratio of 0.71 and a debt-to-equity ratio of 1.37. ONEOK has a twelve month low of $64.02 and a twelve month high of $96.07. The firm has a fifty day simple moving average of $89.09 and a 200 day simple moving average of $86.58.

ONEOK Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Monday, August 3rd will be given a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend is Monday, August 3rd. ONEOK’s dividend payout ratio is presently 76.29%.

Institutional Trading of ONEOK

Hedge funds have recently bought and sold shares of the business. Clearstead Trust LLC grew its holdings in shares of ONEOK by 4.7% during the first quarter. Clearstead Trust LLC now owns 2,632 shares of the utilities provider’s stock valued at $238,000 after buying an additional 117 shares during the last quarter. Hoxton Planning & Management LLC raised its holdings in shares of ONEOK by 2.3% in the 4th quarter. Hoxton Planning & Management LLC now owns 5,372 shares of the utilities provider’s stock worth $395,000 after acquiring an additional 120 shares during the last quarter. Welch Group LLC lifted its position in ONEOK by 0.8% in the 1st quarter. Welch Group LLC now owns 14,859 shares of the utilities provider’s stock valued at $1,343,000 after acquiring an additional 122 shares in the last quarter. Pine Valley Investments Ltd Liability Co boosted its stake in ONEOK by 0.5% during the 1st quarter. Pine Valley Investments Ltd Liability Co now owns 26,261 shares of the utilities provider’s stock valued at $2,374,000 after purchasing an additional 122 shares during the last quarter. Finally, FAS Wealth Partners Inc. increased its holdings in ONEOK by 2.1% during the 1st quarter. FAS Wealth Partners Inc. now owns 6,057 shares of the utilities provider’s stock worth $548,000 after purchasing an additional 123 shares in the last quarter. Institutional investors and hedge funds own 69.13% of the company’s stock.

More ONEOK News

Here are the key news stories impacting ONEOK this week:

• Positive Sentiment: US Capital Advisors raised its EPS forecasts for several future periods, including Q3 2026 to $1.45 from $1.43, FY2027 to $6.12 from $6.03, and FY2028 to $6.97 from $6.88. The revisions suggest improving expectations for ONEOK’s earnings growth beyond the upcoming quarter. US Capital Advisors earnings estimates
• Positive Sentiment: Analysts’ earnings preview highlights rising natural-gas demand, stronger processing volumes and ONEOK’s fee-based revenue model as potential supports for second-quarter performance and longer-term cash-flow stability. ONEOK Gears Up to Report Q2 Earnings: What to Expect From the Stock?
• Neutral Sentiment: Second-quarter earnings are the main near-term catalyst. Investors will focus on revenue, volumes, fee-based earnings and management’s outlook for growth when ONEOK reports. ONEOK Q2 2026 earnings preview: Investors weigh growth outlook
• Negative Sentiment: US Capital Advisors reduced its Q2 2026 EPS estimate to $1.43 from $1.46, indicating some pressure on expectations for the imminent report. The estimate remains below the firm’s longer-term outlook revisions. ONEOK Q2 earnings estimate revision
• Negative Sentiment: Morgan Stanley downgraded ONEOK over growth concerns and said it preferred Targa Resources, creating a relative-performance and valuation overhang for OKE despite its more defensive, fee-based business mix. ONEOK cut at Morgan Stanley on growth concerns

ONEOK Company Profile

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.