ONEOK (NYSE:OKE) Given New $105.00 Price Target at Truist Financial

Posted by Geri Gentry on Oct 31st, 2026

ONEOK (NYSE:OKE – Free Report) had its price objective upped by Truist Financial from $104.00 to $105.00 in a research note published on Friday,Benzinga reports. They currently have a hold rating on the utilities provider’s stock.

A number of other brokerages have also recently issued reports on OKE. Weiss Ratings upgraded ONEOK from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, October 21st. JPMorgan Chase & Co. cut their target price on ONEOK from $106.00 to $100.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 6th. TD Cowen reissued a “hold” rating on shares of ONEOK in a research note on Friday, October 16th. Seaport Research Partners increased their price objective on shares of ONEOK from $95.00 to $100.00 and gave the company a “buy” rating in a research report on Monday, August 3rd. Finally, Scotiabank restated a “sector perform” rating and set a $96.00 price objective on shares of ONEOK in a research note on Thursday, October 15th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $98.05.

Read Our Latest Stock Report on ONEOK

ONEOK Price Performance

Shares of NYSE OKE opened at $97.10 on Friday. ONEOK has a fifty-two week low of $64.02 and a fifty-two week high of $99.85. The company has a 50 day simple moving average of $92.86 and a two-hundred day simple moving average of $88.59. The company has a market capitalization of $61.21 billion, a price-to-earnings ratio of 15.08, a P/E/G ratio of 1.90 and a beta of 0.82. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.59 and a current ratio of 0.84.

ONEOK (NYSE:OKE – Get Free Report) last issued its quarterly earnings results on Tuesday, October 27th. The utilities provider reported $2.13 EPS for the quarter, topping analysts’ consensus estimates of $1.50 by $0.63. ONEOK had a return on equity of 16.36% and a net margin of 9.42%. The firm had revenue of $12.46 billion for the quarter, compared to analysts’ expectations of $10.54 billion. During the same period in the previous year, the firm posted $1.49 EPS. Analysts expect that ONEOK will post 5.74 EPS for the current fiscal year.

ONEOK Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Monday, November 2nd will be paid a $1.07 dividend. The ex-dividend date is Monday, November 2nd. This represents a $4.28 annualized dividend and a dividend yield of 4.4%. ONEOK’s payout ratio is currently 66.46%.

Institutional Investors Weigh In On ONEOK

Several institutional investors have recently modified their holdings of OKE. Focused Wealth Management Inc increased its position in ONEOK by 6.4% in the third quarter. Focused Wealth Management Inc now owns 4,358 shares of the utilities provider’s stock worth $372,000 after purchasing an additional 263 shares during the last quarter. Rakuten Investment Management Inc. raised its stake in ONEOK by 9.8% during the third quarter. Rakuten Investment Management Inc. now owns 113,123 shares of the utilities provider’s stock valued at $9,826,000 after purchasing an additional 10,075 shares in the last quarter. Soltis Investment Advisors LLC raised its stake in ONEOK by 482.8% during the third quarter. Soltis Investment Advisors LLC now owns 13,783 shares of the utilities provider’s stock valued at $1,175,000 after purchasing an additional 11,418 shares in the last quarter. Sawyer & Company Inc bought a new position in ONEOK during the third quarter valued at $102,000. Finally, MBM Wealth Consultants LLC lifted its position in ONEOK by 18.3% during the third quarter. MBM Wealth Consultants LLC now owns 8,665 shares of the utilities provider’s stock valued at $739,000 after purchasing an additional 1,341 shares during the last quarter. 69.13% of the stock is owned by hedge funds and other institutional investors.

ONEOK News Roundup

Here are the key news stories impacting ONEOK this week:

Positive Sentiment: ONEOK reported third-quarter revenue of approximately $12.46 billion and diluted EPS of $2.13, exceeding analysts’ consensus estimate of $1.50. Record Permian volumes and contributions from the Brazos Midland acquisition supported the results. What ONEOK’s Raised Guidance Means for Shareholders
Positive Sentiment: Management raised its 2026 adjusted EBITDA guidance to $8.5 billion-$8.6 billion, or roughly $8.55 billion at the midpoint, and increased full-year net-income guidance to $4.09 billion-$4.27 billion. The company cited Permian growth, infrastructure expansion and the Brazos acquisition as key drivers. ONEOK Outlines Leverage Target While Raising EBITDA Guidance
Positive Sentiment: ONEOK reported about $5.5 billion of debt repayment, received credit-rating upgrades and outlined a 3.25x leverage target. These developments may ease balance-sheet concerns following its expansion and minority equity investment. What ONEOK’s Raised Guidance Means for Shareholders
Positive Sentiment: Truist Financial raised its price target for OKE from $104 to $105 while maintaining a Hold rating, implying additional upside based on the referenced price. Truist Financial ONEOK Rating
Neutral Sentiment: Jefferies increased its price target from $94 to $97, but the revised target is broadly consistent with the current trading range and does not represent a major change in its outlook. Jefferies Adjusts Price Target on ONEOK
Negative Sentiment: US Capital Advisors lowered its EPS forecasts for 2026, 2027 and several upcoming quarters, including FY2027 EPS from $6.36 to $6.12, suggesting some caution about the pace of future earnings growth. It retained a Moderate Buy rating. ONEOK FY2028 Earnings Forecast Lifted
Negative Sentiment: After a strong multi-year rally, investors may question how much of ONEOK’s improved earnings outlook is already reflected in the valuation, particularly with the stock near its 52-week high. ONEOK Stock May Look Reasonable on Raised 2026 Guidance

About ONEOK

(Get Free Report)

ONEOK, Inc is an energy infrastructure company that operates midstream assets across the United States. Its business includes the gathering, processing, storage and transportation of natural gas, as well as the gathering, fractionation, storage and transportation of natural gas liquids (NGLs). The company also provides transportation and storage services for refined petroleum products, crude oil and other related commodities.

ONEOK serves major producing and consuming regions, including the Mid-Continent, Rocky Mountain, Permian and Gulf Coast areas.