ONEOK (NYSE:OKE) Upgraded to “Hold” at Wall Street Zen

Wall Street Zen upgraded shares of ONEOK (NYSE:OKE) from a sell rating to a hold rating in a report issued on Sunday morning.

Other analysts have also issued research reports about the company. Citigroup increased their price objective on ONEOK from $95.00 to $97.00 and gave the company a “buy” rating in a research note on Thursday. Scotiabank cut shares of ONEOK from a “sector outperform” rating to a “sector perform” rating and cut their target price for the stock from $92.00 to $89.00 in a report on Thursday, April 30th. Mizuho set a $89.00 target price on shares of ONEOK in a report on Monday, February 23rd. TD Cowen raised their target price on shares of ONEOK from $80.00 to $85.00 and gave the stock a “hold” rating in a report on Thursday, April 30th. Finally, JPMorgan Chase & Co. raised their target price on shares of ONEOK from $91.00 to $92.00 and gave the stock a “neutral” rating in a report on Friday. Seven research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $91.88.

ONEOK Trading Down 0.1%

OKE stock opened at $85.09 on Friday. The company has a market capitalization of $53.61 billion, a PE ratio of 15.17, a price-to-earnings-growth ratio of 6.04 and a beta of 0.78. ONEOK has a one year low of $64.02 and a one year high of $95.30. The company’s 50 day moving average price is $87.19 and its two-hundred day moving average price is $78.82. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.56 and a current ratio of 0.71.

ONEOK (NYSE:OKE) last posted its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $1.23 EPS for the quarter, missing the consensus estimate of $1.30 by ($0.07). The business had revenue of $9.62 billion for the quarter, compared to analysts’ expectations of $8.23 billion. ONEOK had a return on equity of 16.06% and a net margin of 10.03%.During the same period last year, the business posted $1.04 earnings per share. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. As a group, analysts predict that ONEOK will post 5.9 earnings per share for the current fiscal year.

ONEOK Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Monday, May 4th will be paid a $1.07 dividend. The ex-dividend date of this dividend is Monday, May 4th. This represents a $4.28 dividend on an annualized basis and a yield of 5.0%. ONEOK’s dividend payout ratio (DPR) is presently 76.29%.

Institutional Trading of ONEOK

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Zions Bancorporation National Association UT lifted its stake in ONEOK by 73.3% in the fourth quarter. Zions Bancorporation National Association UT now owns 338 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 143 shares during the period. Portus Wealth Advisors LLC purchased a new stake in ONEOK in the first quarter worth $33,000. Winnow Wealth LLC purchased a new stake in ONEOK in the third quarter worth $28,000. Elyxium Wealth LLC purchased a new stake in ONEOK in the fourth quarter worth $29,000. Finally, Wilkerson Advisory Group LLC lifted its stake in ONEOK by 51.4% in the first quarter. Wilkerson Advisory Group LLC now owns 392 shares of the utilities provider’s stock worth $35,000 after acquiring an additional 133 shares during the period. Hedge funds and other institutional investors own 69.13% of the company’s stock.

About ONEOK

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.