ONEOK (OKE) Stock Forecast, Price & News

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ONEOK in the last year. There are currently 5 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" OKE shares.
View OKE analyst ratings or view top-rated stocks.

11 Wall Street analysts have issued twelve-month price targets for ONEOK's shares. Their OKE share price forecasts range from $66.00 to $81.00. On average, they anticipate the company's share price to reach $73.45 in the next year. This suggests a possible upside of 21.6% from the stock's current price.
View analysts price targets for OKE or view top-rated stocks among Wall Street analysts.

ONEOK's stock was trading at $65.70 on January 1st, 2023. Since then, OKE shares have decreased by 8.0% and is now trading at $60.42.
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The company is scheduled to release its next quarterly earnings announcement on Monday, August 14th 2023.
View our OKE earnings forecast.

ONEOK, Inc. (NYSE:OKE) issued its earnings results on Tuesday, May, 2nd. The utilities provider reported $2.34 EPS for the quarter, beating analysts' consensus estimates of $1.81 by $0.53. The utilities provider had revenue of $4.52 billion for the quarter, compared to analysts' expectations of $5.13 billion. ONEOK had a net margin of 11.09% and a trailing twelve-month return on equity of 36.54%. During the same quarter in the prior year, the business posted $0.87 earnings per share.
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ONEOK declared a quarterly dividend on Thursday, April 20th. Shareholders of record on Monday, May 1st will be given a dividend of $0.955 per share on Monday, May 15th. This represents a $3.82 dividend on an annualized basis and a yield of 6.32%. The ex-dividend date of this dividend is Friday, April 28th.
Read our dividend analysis for OKE.

ETFs with the largest weight of ONEOK (NYSE:OKE) stock in their portfolio include BNY Mellon Global Infrastructure Income ETF (BKGI), Tortoise North American Pipeline Fund (TPYP), Global X MLP & Energy Infrastructure ETF (MLPX), VanEck Energy Income ETF (EINC), Alerian Energy Infrastructure ETF (ENFR), Timothy Plan Market Neutral ETF (TPMN), AGF Global Infrastructure ETF (GLIF) and ASYMmetric Smart Alpha S&P 500 ETF (ZSPY).

ONEOK (NYSE:OKE) pays an annual dividend of $3.82 per share and currently has a dividend yield of 6.51%. OKE has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 72.08%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, OKE will have a dividend payout ratio of 81.45% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for OKE.

ONEOK updated its FY 2023 earnings guidance on Wednesday, May, 3rd. The company provided EPS guidance of $5.03-$5.69 for the period, compared to the consensus EPS estimate of $5.32. The company issued revenue guidance of -.

62 employees have rated ONEOK Chief Executive Officer Terry K. Spencer on Glassdoor.com. Terry K. Spencer has an approval rating of 89% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other ONEOK investors own include AT&T (T), Enterprise Products Partners (EPD), Pfizer (PFE), Johnson & Johnson (JNJ), Exxon Mobil (XOM), AbbVie (ABBV), Cisco Systems (CSCO), Intel (INTC), Verizon Communications (VZ) and Altria Group (MO).

ONEOK trades on the New York Stock Exchange (NYSE) under the ticker symbol "OKE."

ONEOK's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (10.29%), State Street Corp (7.12%), Deutsche Bank AG (2.20%), Geode Capital Management LLC (2.07%), Charles Schwab Investment Management Inc. (2.00%) and Tortoise Capital Advisors L.L.C. (1.31%). Insiders that own company stock include Mark W Helderman and Pierce Norton.
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Shares of OKE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of OKE stock can currently be purchased for approximately $60.42.

ONEOK (NYSE:OKE) has a market capitalization of $27.03 billion and generates $22.39 billion in revenue each year. The utilities provider earns $1.72 billion in net income (profit) each year or $5.30 on an earnings per share basis.

The company employs 2,966 workers across the globe.

ONEOK's mailing address is 100 WEST 5TH ST, TULSA OK, 74103. The official website for the company is www.oneok.com. The utilities provider can be reached via phone at (918) 588-7000, via email at oneokinvestorrelations@oneok.com, or via fax at 918-588-7273.