ONEOK (OKE) Stock Forecast & Price Target

ONEOK
Bull Case

Here are some ways that investors could benefit from investing in ONEOK, Inc.:

• ONEOK, Inc. completed the acquisition of Brazos Midstream's Permian Midland Basin assets for approximately $4.425 billion on October 6, 2026, a move that establishes one of the largest integrated natural gas gathering and processing platforms in the region and significantly expands the company's footprint in a rapidly growing resource play.
• The company offers a compelling income opportunity with a current dividend yield of 4.91%, which is attractive for investors seeking stable cash flow, particularly given that the stock is currently trading at $89.33, providing a tangible return on investment while waiting for potential capital appreciation.
• ONEOK, Inc. demonstrated strong financial performance in its most recent quarterly report on August 3, 2026, where it reported earnings per share of $1.53, beating the consensus estimate of $1.46, and generated revenue of $12.05 billion, significantly exceeding the consensus estimate of $8.95 billion.
• The stock exhibits lower volatility compared to the broader market with a beta of 0.82, meaning it tends to be less sensitive to market swings, which can provide a defensive characteristic for portfolios during periods of economic uncertainty or market turbulence.
• Institutional confidence remains high, with 69.13% of the stock owned by hedge funds and other institutional investors, and major holders like State Street Corp recently increased their positions by 5.0% in the second quarter, signaling long-term commitment to the company's infrastructure assets.