ONEOK - OKE Stock Forecast, Price & News

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for ONEOK in the last twelve months. There are currently 1 sell rating, 9 hold ratings and 2 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.

12 Wall Street analysts have issued 1 year price targets for ONEOK's stock. Their OKE share price forecasts range from $62.00 to $78.00. On average, they expect the company's stock price to reach $68.64 in the next year. This suggests a possible upside of 30.1% from the stock's current price.
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ONEOK's stock was trading at $58.76 at the start of the year. Since then, OKE shares have decreased by 10.2% and is now trading at $52.76.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 1st 2022.
View our OKE earnings forecast.

ONEOK, Inc. (NYSE:OKE) announced its quarterly earnings results on Monday, August, 8th. The utilities provider reported $0.92 EPS for the quarter, missing the consensus estimate of $0.94 by $0.02. The utilities provider had revenue of $6 billion for the quarter, compared to analyst estimates of $5.18 billion. ONEOK had a net margin of 7.37% and a trailing twelve-month return on equity of 26.32%. The company's revenue was up 76.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.77 earnings per share.
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ONEOK announced a quarterly dividend on Wednesday, July 20th. Investors of record on Monday, August 1st will be paid a dividend of $0.935 per share on Monday, August 15th. This represents a $3.74 dividend on an annualized basis and a yield of 7.09%. The ex-dividend date is Friday, July 29th.
Read our dividend analysis for OKE.

ONEOK (NYSE:OKE) pays an annual dividend of $3.74 per share and currently has a dividend yield of 6.49%. OKE has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 18 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 106.25%. 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 87.38% 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 2022 earnings guidance on Tuesday, September, 6th. The company provided earnings per share (EPS) guidance of $3.45-$4.07 for the period, compared to the consensus earnings per share estimate of $3.79. 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 many different institutional and retail investors. Top institutional shareholders include State Street Corp (7.42%), Tortoise Capital Advisors L.L.C. (1.57%), Northern Trust Corp (1.12%), Goldman Sachs Group Inc. (1.07%), Legal & General Group Plc (0.96%) and M&G Investment Management Ltd. (0.59%). Insiders that own company stock include Brian L Derksen, John William Gibson, Mark W Helderman, Mary M Spears, Pierce Norton, Terry K Spencer and Walter S Hulse III.
View institutional ownership trends.

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 $52.76.

ONEOK (NYSE:OKE) has a market capitalization of $23.58 billion and generates $16.54 billion in revenue each year. The utilities provider earns $1.50 billion in net income (profit) each year or $3.52 on an earnings per share basis.

The company employs 2,847 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.