ONEOK (NYSE:OKE) Earns Hold Rating from Analysts at Stifel Nicolaus

Stifel Nicolaus began coverage on shares of ONEOK (NYSE:OKE) in a research note released on Thursday morning, MarketBeat Ratings reports. The firm issued a hold rating and a $105.00 target price on the utilities provider’s stock.

Other research analysts have also recently issued research reports about the stock. Freedom Capital raised shares of ONEOK from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 5th. Truist Financial lifted their price objective on ONEOK from $93.00 to $104.00 and gave the company a “hold” rating in a research note on Wednesday, September 2nd. Wells Fargo & Company boosted their target price on ONEOK from $98.00 to $106.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 2nd. Wall Street Zen upgraded ONEOK from a “sell” rating to a “hold” rating in a research note on Sunday, August 9th. Finally, US Capital Advisors cut ONEOK from a “strong-buy” rating to a “moderate buy” rating in a report on Thursday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and twelve have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, ONEOK currently has an average rating of “Hold” and a consensus target price of $96.06.

ONEOK Price Performance

OKE stock opened at $96.72 on Thursday. The firm has a 50 day moving average of $92.56 and a 200-day moving average of $89.45. 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 firm has a market capitalization of $60.97 billion, a P/E ratio of 16.68, a price-to-earnings-growth ratio of 2.75 and a beta of 0.74.

ONEOK (NYSE:OKE) last issued its quarterly earnings data on Monday, August 3rd. The utilities provider reported $1.53 EPS for the quarter, beating the consensus estimate of $1.46 by $0.07. ONEOK had a net margin of 9.29% and a return on equity of 16.41%. The company had revenue of $12.05 billion during the quarter, compared to analysts’ expectations of $8.95 billion. During the same quarter in the previous year, the company earned $1.34 earnings per share. ONEOK has set its FY 2026 guidance at 5.680-5.680 EPS. As a group, sell-side analysts predict that ONEOK will post 5.74 earnings per share for the current fiscal year.

ONEOK Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Monday, August 3rd were given a dividend of $1.07 per share. The ex-dividend date was Monday, August 3rd. This represents a $4.28 annualized dividend and a dividend yield of 4.4%. ONEOK’s dividend payout ratio (DPR) is 73.79%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GTS Securities LLC grew its position in ONEOK by 4.3% in the 2nd quarter. GTS Securities LLC now owns 2,573 shares of the utilities provider’s stock worth $224,000 after purchasing an additional 105 shares during the last quarter. Meridian Wealth Management LLC raised its position in shares of ONEOK by 1.8% during the second quarter. Meridian Wealth Management LLC now owns 6,598 shares of the utilities provider’s stock valued at $574,000 after buying an additional 115 shares during the last quarter. Clearstead Trust LLC lifted its stake in shares of ONEOK by 4.7% in 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 period. Hoxton Planning & Management LLC lifted its stake in shares of ONEOK by 2.3% in the fourth quarter. Hoxton Planning & Management LLC now owns 5,372 shares of the utilities provider’s stock valued at $395,000 after buying an additional 120 shares during the period. Finally, Welch Group LLC grew its position in ONEOK by 0.8% during the first quarter. Welch Group LLC now owns 14,859 shares of the utilities provider’s stock worth $1,343,000 after buying an additional 122 shares in the last quarter. 69.13% of the stock is currently owned by hedge funds and other institutional investors.

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.