ONEOK - OKE Stock Forecast, Price & News

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for ONEOK in the last year. There are currently 6 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" OKE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in OKE, but not buy additional shares or sell existing shares.
View OKE analyst ratings or view top-rated stocks.

11 brokers have issued twelve-month target prices for ONEOK's stock. Their OKE share price forecasts range from $67.00 to $81.00. On average, they anticipate the company's stock price to reach $73.44 in the next year. This suggests a possible upside of 18.7% 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 stock has decreased by 5.8% and is now trading at $61.87.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 2nd 2023.
View our OKE earnings forecast.

ONEOK, Inc. (NYSE:OKE) released its quarterly earnings results on Monday, February, 27th. The utilities provider reported $1.08 EPS for the quarter, beating analysts' consensus estimates of $1.02 by $0.06. The utilities provider earned $5.03 billion during the quarter, compared to analysts' expectations of $6.03 billion. ONEOK had a net margin of 7.69% and a trailing twelve-month return on equity of 27.65%. ONEOK's revenue was down 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.85 earnings per share.
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ONEOK announced a quarterly dividend on Wednesday, January 18th. Investors of record on Monday, January 30th will be paid a dividend of $0.955 per share on Tuesday, February 14th. This represents a $3.82 annualized dividend and a yield of 6.17%. The ex-dividend date of this dividend is Friday, January 27th. This is an increase from the stock's previous quarterly dividend of $0.94.
Read our dividend analysis for OKE.

ETFs with the largest weight of ONEOK (NYSE:OKE) stock in their portfolio include Global X MLP & Energy Infrastructure ETF (MLPX), BNY Mellon Global Infrastructure Income ETF (BKGI), Tortoise North American Pipeline Fund (TPYP), VanEck Energy Income ETF (EINC), USCF Midstream Energy Income Fund (UMI), Alerian Energy Infrastructure ETF (ENFR), AGF Global Infrastructure ETF (GLIF) and Invesco S&P 500 Equal Weight Energy ETF (RYE).

ONEOK (NYSE:OKE) pays an annual dividend of $3.82 per share and currently has a dividend yield of 6.42%. 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 99.74%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, OKE will have a dividend payout ratio of 80.08% 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 Tuesday, February, 28th. The company provided earnings per share (EPS) guidance of $5.03-$5.69 for the period, compared to the consensus earnings per share estimate of $4.67. 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 Moneta Group Investment Advisors LLC (5.05%), Geode Capital Management LLC (2.15%), Charles Schwab Investment Management Inc. (2.11%), Deutsche Bank AG (1.79%), Morgan Stanley (1.72%) and Tortoise Capital Advisors L.L.C. (1.30%). Insiders that own company stock include Brian L Derksen, 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 $61.87.

ONEOK (NYSE:OKE) has a market capitalization of $27.67 billion and generates $22.39 billion in revenue each year. The utilities provider earns $1.72 billion in net income (profit) each year or $3.83 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.