ONEOK (NYSE:OKE) Upgraded at US Capital Advisors

US Capital Advisors upgraded shares of ONEOK (NYSE:OKE) from a moderate buy rating to a strong-buy rating in a report issued on Monday,Zacks.com reports. US Capital Advisors also issued estimates for ONEOK’s Q4 2024 earnings at $1.23 EPS, FY2024 earnings at $4.84 EPS, Q1 2025 earnings at $1.38 EPS and Q2 2025 earnings at $1.30 EPS.

Several other research firms have also recently weighed in on OKE. UBS Group upped their target price on ONEOK from $112.00 to $132.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Mizuho raised ONEOK to a “hold” rating in a research note on Thursday, November 7th. Wells Fargo & Company downgraded ONEOK from an “overweight” rating to an “equal weight” rating and set a $107.00 target price for the company. in a research note on Wednesday, December 18th. Barclays raised their price target on shares of ONEOK from $94.00 to $99.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. Finally, Bank of America started coverage on shares of ONEOK in a research report on Thursday, October 17th. They set a “buy” rating and a $105.00 price objective for the company. Seven analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, ONEOK currently has a consensus rating of “Moderate Buy” and an average target price of $102.92.

ONEOK Price Performance

OKE stock opened at $97.84 on Monday. The company’s 50-day moving average price is $103.91 and its two-hundred day moving average price is $97.42. ONEOK has a 12 month low of $67.67 and a 12 month high of $118.07. The company has a quick ratio of 0.59, a current ratio of 0.81 and a debt-to-equity ratio of 1.59. The firm has a market cap of $57.16 billion, a P/E ratio of 20.47, a P/E/G ratio of 3.69 and a beta of 1.70.

ONEOK Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be issued a dividend of $1.03 per share. The ex-dividend date is Monday, February 3rd. This is an increase from ONEOK’s previous quarterly dividend of $0.99. This represents a $4.12 annualized dividend and a yield of 4.21%. ONEOK’s payout ratio is presently 82.85%.

Institutional Trading of ONEOK

A number of institutional investors and hedge funds have recently added to or reduced their stakes in OKE. International Assets Investment Management LLC boosted its position in shares of ONEOK by 9,439.9% during the 3rd quarter. International Assets Investment Management LLC now owns 3,230,989 shares of the utilities provider’s stock valued at $294,440,000 after purchasing an additional 3,197,121 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of ONEOK by 3.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 17,480,774 shares of the utilities provider’s stock worth $1,593,023,000 after buying an additional 661,854 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of ONEOK during the 3rd quarter worth approximately $47,957,000. National Pension Service increased its stake in shares of ONEOK by 65.3% in the 4th quarter. National Pension Service now owns 1,262,741 shares of the utilities provider’s stock valued at $126,779,000 after acquiring an additional 498,908 shares in the last quarter. Finally, Yaupon Capital Management LP acquired a new position in shares of ONEOK during the 3rd quarter valued at $45,194,000. Institutional investors and hedge funds own 69.13% of the company’s stock.

ONEOK Company Profile

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.