ONEOK (OKE) – Research Analysts’ Weekly Ratings Changes

Several brokerages have updated their recommendations and price targets on shares of ONEOK (NYSE: OKE) in the last few weeks:

• 3/7/2025 – ONEOK had its price target lowered by analysts at Barclays PLC from $105.00 to $101.00. They now have an “equal weight” rating on the stock.
• 3/6/2025 – ONEOK had its price target lowered by analysts at Scotiabank from $109.00 to $102.00. They now have a “sector outperform” rating on the stock.
• 2/28/2025 – ONEOK is now covered by analysts at Citigroup Inc.. They set a “buy” rating and a $110.00 price target on the stock.
• 2/26/2025 – ONEOK had its price target lowered by analysts at Wells Fargo & Company from $107.00 to $102.00. They now have an “equal weight” rating on the stock.
• 2/10/2025 – ONEOK was upgraded by analysts at Wolfe Research from a “peer perform” rating to an “outperform” rating. They now have a $110.00 price target on the stock.
• 2/6/2025 – ONEOK is now covered by analysts at Barclays PLC. They set an “equal weight” rating and a $105.00 price target on the stock.
• 2/3/2025 – ONEOK was upgraded by analysts at US Capital Advisors from a “moderate buy” rating to a “strong-buy” rating.

ONEOK Trading Up 3.2 %

OKE stock opened at $96.52 on Monday. The company has a quick ratio of 0.59, a current ratio of 0.81 and a debt-to-equity ratio of 1.59. ONEOK, Inc. has a twelve month low of $76.23 and a twelve month high of $118.07. The stock has a market capitalization of $60.26 billion, a price-to-earnings ratio of 20.19, a price-to-earnings-growth ratio of 3.77 and a beta of 1.70. The firm’s fifty day simple moving average is $99.21 and its two-hundred day simple moving average is $99.65.

ONEOK (NYSE:OKE) last issued its earnings results on Monday, February 24th. The utilities provider reported $1.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.11. The firm had revenue of $7 billion during the quarter, compared to analyst estimates of $6.18 billion. ONEOK had a net margin of 14.05% and a return on equity of 16.84%. As a group, analysts anticipate that ONEOK, Inc. will post 5.07 earnings per share for the current year.

ONEOK Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were paid a dividend of $1.03 per share. This is a positive change from ONEOK’s previous quarterly dividend of $0.99. This represents a $4.12 dividend on an annualized basis and a dividend yield of 4.27%. The ex-dividend date of this dividend was Monday, February 3rd. ONEOK’s payout ratio is currently 79.69%.

Institutional Trading of ONEOK

A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of ONEOK by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 70,120,264 shares of the utilities provider’s stock valued at $7,040,075,000 after purchasing an additional 558,789 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in ONEOK by 5.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 18,414,781 shares of the utilities provider’s stock worth $1,848,844,000 after acquiring an additional 934,007 shares during the period. Geode Capital Management LLC lifted its stake in ONEOK by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 14,037,890 shares of the utilities provider’s stock worth $1,405,697,000 after acquiring an additional 357,015 shares during the period. Northern Trust Corp lifted its stake in ONEOK by 15.2% in the fourth quarter. Northern Trust Corp now owns 6,535,861 shares of the utilities provider’s stock worth $656,200,000 after acquiring an additional 864,392 shares during the period. Finally, Norges Bank purchased a new stake in ONEOK in the fourth quarter worth about $539,554,000. 69.13% of the stock is owned by hedge funds and other institutional investors.

ONEOK, Inc engages in gathering, processing, fractionation, storage, transportation, and marketing of natural gas and natural gas liquids (NGL) in the United States. It operates through four segments: Natural Gas Gathering and Processing, Natural Gas Liquids, Natural Gas Pipelines, and Refined Products and Crude.