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

Key Points

• Analysts maintain a neutral view of ONEOK: Twenty firms assign the stock an average “Hold” rating, with an average 12-month price target of $96.24 versus its reported price of $89.80.
• Institutional ownership is substantial: Hedge funds and institutional investors own 69.13% of ONEOK, with State Street holding more than 43.6 million shares.
• ONEOK exceeded quarterly earnings expectations and offers a sizable dividend: The company reported $1.53 in quarterly EPS versus $1.46 expected, while its annualized dividend is $4.28 per share, yielding approximately 4.8%.

Shares of ONEOK, Inc. (NYSE:OKE - Get Free Report) have been given an average rating of "Hold" by the twenty ratings firms that are covering the company, MarketBeat reports. Twelve research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is $96.24.

Several equities analysts have recently weighed in on the company. Freedom Capital upgraded ONEOK from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 5th. TD Cowen increased their price objective on ONEOK from $90.00 to $93.00 and gave the company a "hold" rating in a research note on Friday, September 11th. Royal Bank Of Canada raised their price objective on ONEOK from $84.00 to $90.00 and gave the company a "sector perform" rating in a report on Tuesday, July 21st. Jefferies Financial Group lifted their target price on shares of ONEOK from $95.00 to $105.00 and gave the stock a "hold" rating in a research note on Wednesday, September 2nd. Finally, Morgan Stanley upped their target price on shares of ONEOK from $105.00 to $112.00 and gave the stock an "equal weight" rating in a report on Wednesday, September 9th.

Institutional Trading of ONEOK

A number of hedge funds have recently bought and sold shares of the business. Saudi Central Bank boosted its position in shares of ONEOK by 89.9% during the second quarter. Saudi Central Bank now owns 44,102 shares of the utilities provider's stock worth $3,834,000 after buying an additional 20,876 shares during the period. Empowered Funds LLC grew its stake in ONEOK by 21.8% during the 2nd quarter. Empowered Funds LLC now owns 73,242 shares of the utilities provider's stock worth $6,368,000 after purchasing an additional 13,103 shares in the last quarter. State Street Corp grew its stake in ONEOK by 5.0% during the 2nd quarter. State Street Corp now owns 43,633,749 shares of the utilities provider's stock worth $3,793,518,000 after purchasing an additional 2,059,368 shares in the last quarter. Matrix Trust Co purchased a new stake in ONEOK during the 2nd quarter worth about $1,245,000. Finally, The Manufacturers Life Insurance Company raised its position in ONEOK by 2.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 798,176 shares of the utilities provider's stock valued at $69,393,000 after purchasing an additional 15,796 shares in the last quarter. Institutional investors and hedge funds own 69.13% of the company's stock.

ONEOK Stock Down 0.5%

OKE stock opened at $89.80 on Friday. ONEOK has a 52 week low of $64.02 and a 52 week high of $99.85. The company has a quick ratio of 0.59, a current ratio of 0.74 and a debt-to-equity ratio of 1.34. The firm has a 50-day simple moving average of $92.22 and a 200-day simple moving average of $90.12. The stock has a market capitalization of $56.61 billion, a P/E ratio of 15.48, a P/E/G ratio of 2.57 and a beta of 0.82.

ONEOK (NYSE:OKE - Get Free Report) last issued its quarterly earnings results on Monday, August 3rd. The utilities provider reported $1.53 earnings per share for the quarter, beating analysts' consensus estimates of $1.46 by $0.07. ONEOK had a net margin of 9.29% and a return on equity of 16.41%. The firm had revenue of $12.05 billion for the quarter, compared to analyst estimates of $8.95 billion. 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. Equities analysts forecast that ONEOK will post 5.73 earnings per share for the current fiscal year.

ONEOK Dividend Announcement

The firm also recently declared 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. The ex-dividend date was Monday, August 3rd. This represents a $4.28 dividend on an annualized basis and a yield of 4.8%. ONEOK's payout ratio is presently 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.

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