ONEOK, Inc. (NYSE:OKE) Receives Average Rating of "Hold" from Analysts

Key Points

• Analysts maintain a “Hold” consensus on ONEOK, with 12 hold, six buy and one strong-buy rating among 19 analysts. The average 12-month price target is $96.06.
• ONEOK reported quarterly EPS of $1.53, beating estimates of $1.46, while revenue reached $12.05 billion versus expectations of $8.95 billion.
• The company pays a quarterly dividend of $1.07 per share, equivalent to $4.28 annually and a 4.4% yield; institutional investors own 69.13% of outstanding shares.

ONEOK, Inc. (NYSE:OKE - Get Free Report) has been assigned an average rating of "Hold" from the nineteen analysts that are currently covering the firm, Marketbeat Ratings reports. Twelve equities research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $96.0625.

Several research firms recently commented on OKE. TD Cowen increased their price target on ONEOK from $90.00 to $93.00 and gave the company a "hold" rating in a report on Friday. Scotiabank boosted their price objective on ONEOK from $89.00 to $95.00 and gave the stock a "sector perform" rating in a research note on Tuesday, September 1st. Wall Street Zen upgraded ONEOK from a "sell" rating to a "hold" rating in a report on Sunday, August 9th. Barclays cut their target price on ONEOK from $90.00 to $88.00 and set an "equal weight" rating for the company in a research note on Wednesday, July 8th. Finally, Morgan Stanley lifted their price target on ONEOK from $105.00 to $112.00 and gave the stock an "equal weight" rating in a report on Wednesday, September 9th.

Hedge Funds Weigh In On ONEOK

A number of institutional investors have recently bought and sold shares of the company. Talon Private Wealth LLC grew its holdings in ONEOK by 27.7% in the second quarter. Talon Private Wealth LLC now owns 25,136 shares of the utilities provider's stock valued at $2,185,000 after purchasing an additional 5,455 shares during the last quarter. Core Capital Management & Research inc. acquired a new position in shares of ONEOK during the 2nd quarter worth $309,000. The Manufacturers Life Insurance Company raised its stake in shares of ONEOK by 2.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 798,176 shares of the utilities provider's stock worth $69,393,000 after buying an additional 15,796 shares during the last quarter. Sequoia Financial Advisors LLC boosted its position in shares of ONEOK by 0.4% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 213,266 shares of the utilities provider's stock worth $18,541,000 after buying an additional 793 shares in the last quarter. Finally, Archford Capital Strategies LLC boosted its position in shares of ONEOK by 7.3% in the 2nd quarter. Archford Capital Strategies LLC now owns 3,439 shares of the utilities provider's stock worth $299,000 after buying an additional 233 shares in the last quarter. 69.13% of the stock is owned by hedge funds and other institutional investors.

ONEOK Stock Performance

OKE opened at $97.05 on Tuesday. ONEOK has a twelve month low of $64.02 and a twelve month high of $99.85. The firm has a market capitalization of $61.17 billion, a PE ratio of 16.73, a PEG ratio of 2.74 and a beta of 0.74. The company has a current ratio of 0.74, a quick ratio of 0.59 and a debt-to-equity ratio of 1.34. The firm's 50-day moving average price is $92.75 and its 200 day moving average price is $89.56.

ONEOK (NYSE:OKE - Get Free Report) last released its earnings results on Monday, August 3rd. The utilities provider reported $1.53 earnings per share for the quarter, topping analysts' consensus estimates of $1.46 by $0.07. The business had revenue of $12.05 billion for the quarter, compared to analyst estimates of $8.95 billion. ONEOK had a net margin of 9.29% and a return on equity of 16.41%. During the same period last year, the company posted $1.34 EPS. ONEOK has set its FY 2026 guidance at 5.680-5.680 EPS. As a group, sell-side analysts expect that ONEOK will post 5.74 EPS for the current fiscal year.

ONEOK Announces Dividend

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

About ONEOK

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.

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