Brokerages Set ONEOK, Inc. (NYSE:OKE) PT at $91.88

ONEOK, Inc. (NYSE:OKE) has been assigned an average recommendation of “Hold” from the eighteen analysts that are currently covering the firm, Marketbeat Ratings reports. Ten investment analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $91.8750.

A number of equities research analysts have recently commented on the company. Royal Bank Of Canada raised their price target on ONEOK from $79.00 to $84.00 and gave the stock a “sector perform” rating in a research report on Thursday, March 19th. Jefferies Financial Group increased 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. Wall Street Zen raised shares of ONEOK from a “sell” rating to a “hold” rating in a research note on Tuesday, May 26th. Scotiabank cut shares of ONEOK from a “sector outperform” rating to a “sector perform” rating and reduced their price target for the company from $92.00 to $89.00 in a report on Thursday, April 30th. Finally, Weiss Ratings raised shares of ONEOK from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, May 18th.

ONEOK Trading Up 3.0%

Shares of OKE traded up $2.64 during trading hours on Thursday, reaching $90.07. The stock had a trading volume of 328,633 shares, compared to its average volume of 4,549,289. 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 52 week low of $64.02 and a 52 week high of $96.07. The firm has a 50-day moving average of $88.59 and a 200 day moving average of $84.09. The company has a market cap of $56.76 billion, a P/E ratio of 16.04, a P/E/G ratio of 6.57 and a beta of 0.73.

ONEOK (NYSE:OKE) last posted its earnings results on Tuesday, April 28th. The utilities provider reported $1.23 earnings per share for the quarter, missing the consensus estimate of $1.30 by ($0.07). ONEOK had a return on equity of 16.06% and a net margin of 10.03%.The business had revenue of $9.62 billion for the quarter, compared to the consensus estimate of $8.23 billion. During the same quarter in the prior year, the firm posted $1.04 earnings per share. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. On average, sell-side analysts expect that ONEOK will post 5.72 earnings per share for the current fiscal year.

ONEOK Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 4th were given a $1.07 dividend. This represents a $4.28 annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend was Monday, May 4th. ONEOK’s payout ratio is currently 76.29%.

Hedge Funds Weigh In On ONEOK

A number of large investors have recently added to or reduced their stakes in the company. Zions Bancorporation National Association UT lifted its holdings in shares of ONEOK by 73.3% in the fourth quarter. Zions Bancorporation National Association UT now owns 338 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 143 shares in the last quarter. Portus Wealth Advisors LLC bought a new position in shares of ONEOK during the first quarter worth about $33,000. Elyxium Wealth LLC bought a new position in shares of ONEOK during the fourth quarter worth about $29,000. Wilkerson Advisory Group LLC raised its position in ONEOK by 51.4% in the 1st quarter. Wilkerson Advisory Group LLC now owns 392 shares of the utilities provider’s stock valued at $35,000 after buying an additional 133 shares during the last quarter. Finally, Cornerstone Financial Management LLC acquired a new stake in ONEOK in the 4th quarter valued at approximately $29,000. Institutional investors own 69.13% of the company’s stock.

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.