ONEOK, Inc. (NYSE:OKE) Given Average Recommendation of "Moderate Buy" by Analysts

Key Points

• Analysts rate ONEOK a “Moderate Buy”: Seven analysts recommend buying, one gives a strong-buy rating, and ten rate it a hold. The average 12-month price target is $91.94, below the reported share price of $94.69.
• ONEOK exceeded quarterly expectations, reporting $1.53 in EPS versus the $1.46 consensus estimate and $12.05 billion in revenue. Analysts expect approximately $5.82 in EPS for the current fiscal year.
• The company pays a quarterly dividend of $1.07 per share, equivalent to $4.28 annually and a 4.5% yield. Institutional investors own approximately 69.13% of ONEOK’s outstanding shares.

ONEOK, Inc. (NYSE:OKE - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the eighteen ratings firms that are presently covering the stock, MarketBeat Ratings reports. Ten research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $91.9375.

Several brokerages have recently commented on OKE. Truist Financial increased their price objective on ONEOK from $91.00 to $93.00 and gave the company a "hold" rating in a research report on Monday, May 4th. Morgan Stanley boosted their target price on ONEOK from $103.00 to $105.00 and gave the stock an "equal weight" rating in a research report on Tuesday. Barclays reduced their price target on shares of ONEOK from $90.00 to $88.00 and set an "equal weight" rating on the stock in a research report on Wednesday, July 8th. Royal Bank Of Canada lifted their price target 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, TD Cowen boosted their price objective on shares of ONEOK from $85.00 to $90.00 and gave the stock a "hold" rating in a report on Thursday, July 16th.

ONEOK Price Performance

Shares of NYSE:OKE opened at $94.69 on Friday. The company's fifty day moving average price is $90.03 and its 200-day moving average price is $88.16. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.74 and a quick ratio of 0.59. The firm has a market capitalization of $59.69 billion, a price-to-earnings ratio of 16.33, a PEG ratio of 2.69 and a beta of 0.73. ONEOK has a one year low of $64.02 and a one year high of $97.90.

ONEOK (NYSE:OKE - Get Free Report) last posted its quarterly earnings data on Monday, August 3rd. The utilities provider reported $1.53 earnings per share (EPS) for the quarter, topping 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 company had revenue of $12.05 billion during the quarter, compared to the consensus estimate of $8.95 billion. During the same period in the previous year, the firm posted $1.34 EPS. ONEOK has set its FY 2026 guidance at 5.680-5.680 EPS. On average, equities research analysts anticipate that ONEOK will post 5.82 earnings per share for the current fiscal year.

ONEOK Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Monday, August 3rd were given a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date was Monday, August 3rd. ONEOK's dividend payout ratio (DPR) is presently 73.79%.

Institutional Trading of ONEOK

Several hedge funds have recently added to or reduced their stakes in OKE. Proficio Capital Partners LLC bought a new position in shares of ONEOK during the second quarter valued at about $269,000. Nwam LLC lifted its stake in shares of ONEOK by 28.4% in the 2nd quarter. Nwam LLC now owns 3,331 shares of the utilities provider's stock valued at $290,000 after acquiring an additional 736 shares during the last quarter. Quantitative Investment Management LLC bought a new stake in shares of ONEOK in the 2nd quarter valued at about $1,531,000. Sigma Planning Corp boosted its holdings in ONEOK by 2.0% during the 2nd quarter. Sigma Planning Corp now owns 16,882 shares of the utilities provider's stock valued at $1,468,000 after acquiring an additional 323 shares during the period. Finally, Two Sigma Securities LLC boosted its holdings in ONEOK by 113.5% during the 2nd quarter. Two Sigma Securities LLC now owns 46,870 shares of the utilities provider's stock valued at $4,075,000 after acquiring an additional 24,918 shares during the period. 69.13% of the stock is owned by institutional investors.

ONEOK Company Profile

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.

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