ONEOK, Inc. (NYSE:OKE) Stock Has Consensus Target Price of $96.24 According to Analysts

ONEOK, Inc. (NYSE:OKE) has been given a consensus rating of “Moderate Buy” by the twenty ratings firms that are currently covering the firm, Marketbeat reports. Eleven analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is $96.79.

A number of equities research analysts have issued reports on the company. Capital One Financial started coverage on ONEOK in a research report on Tuesday, September 22nd. They issued an “overweight” rating and a $110.00 price target on the stock. JPMorgan Chase & Co. decreased their price objective on ONEOK from $106.00 to $100.00 and set a “neutral” rating for the company in a research note on Tuesday, October 6th. 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. Royal Bank Of Canada upped their target price on shares of ONEOK from $84.00 to $90.00 and gave the stock a “sector perform” rating in a research note on Tuesday, July 21st. Finally, Seaport Research Partners upped their target price on shares of ONEOK from $95.00 to $100.00 and gave the stock a “buy” rating in a research note on Monday, August 3rd.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its holdings in shares of ONEOK by 8.7% in the second quarter. BlackRock Inc. now owns 64,537,467 shares of the utilities provider’s stock valued at $5,610,887,000 after acquiring an additional 5,148,768 shares during the period. Legal & General Group Plc purchased a new position in shares of ONEOK during the second quarter worth approximately $389,985,000. Kayne Anderson Capital Advisors LP purchased a new position in shares of ONEOK during the second quarter worth approximately $335,958,000. Jupiter Topco LLC acquired a new position in shares of ONEOK in the 2nd quarter valued at $324,807,000. Finally, Ontario Teachers Pension Plan Board acquired a new position in shares of ONEOK in the 2nd quarter valued at $204,672,000. Institutional investors and hedge funds own 69.13% of the company’s stock.

ONEOK Stock Up 2.4%

Shares of NYSE OKE opened at $91.95 on Friday. The stock has a market cap of $57.96 billion, a P/E ratio of 15.85, a PEG ratio of 2.55 and a beta of 0.82. The company has a current ratio of 0.74, a quick ratio of 0.59 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’s fifty day simple moving average is $92.30 and its 200-day simple moving average is $90.13.

ONEOK (NYSE:OKE) last released its earnings results on Monday, August 3rd. The utilities provider reported $1.53 earnings per share (EPS) 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 firm had revenue of $12.05 billion during the quarter, compared to analyst estimates of $8.95 billion. During the same period last year, the business posted $1.34 earnings per share. ONEOK has set its FY 2026 guidance at 5.680-5.680 EPS. As a group, equities analysts predict that ONEOK will post 5.73 EPS for the current fiscal year.

ONEOK Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Monday, August 3rd were paid a $1.07 dividend. The ex-dividend date was Monday, August 3rd. This represents a $4.28 dividend on an annualized basis and a yield of 4.7%. ONEOK’s payout ratio is currently 73.79%.

ONEOK Company Profile

ONEOK, Inc (NYSE: OKE) is a diversified energy infrastructure company that owns and operates midstream assets in the United States. Its operations connect producers, processors, storage facilities and end-use markets across major energy-producing and consuming regions.

The company’s businesses include natural gas gathering, processing, transportation and storage, as well as natural gas liquids (NGL) gathering, fractionation, storage and transportation. ONEOK also operates infrastructure serving refined products and crude oil markets, including pipelines and terminals.