ONEOK, Inc. (NYSE:OKE) Stock Has Average Target Price of $98.70 According to Brokerages

Posted by Stanley Muller on Nov 11th, 2026

Shares of ONEOK, Inc. (NYSE:OKE – Get Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the twenty-one research firms that are presently covering the company, Marketbeat Ratings reports. Eleven equities research analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $99.55.

OKE has been the subject of a number of analyst reports. Stifel Nicolaus set a $100.00 price target on ONEOK in a report on Friday, October 9th. Freedom Broker upped their price objective on shares of ONEOK from $105.00 to $110.00 and gave the company a “buy” rating in a research note on Monday, November 2nd. Capital One Financial assumed coverage on ONEOK in a report on Tuesday, September 22nd. They set an “overweight” rating and a $110.00 price target on the stock. Scotiabank upped their price objective on ONEOK from $96.00 to $97.00 and gave the company a “sector perform” rating in a report on Tuesday, November 3rd. Finally, Wells Fargo & Company upped their price target on ONEOK from $98.00 to $106.00 and gave the company an “overweight” rating in a research note on Wednesday, September 2nd.

Check Out Our Latest Stock Analysis on OKE

ONEOK Stock Up 1.5%

ONEOK stock opened at $87.30 on Wednesday. The business’s 50-day simple moving average is $92.03 and its two-hundred day simple moving average is $89.04. The company has a market cap of $55.04 billion, a PE ratio of 13.21, a PEG ratio of 1.56 and a beta of 0.77. ONEOK has a fifty-two week low of $68.10 and a fifty-two week high of $99.85. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.66 and a current ratio of 0.84.

ONEOK (NYSE:OKE – Get Free Report) last released its quarterly earnings data on Tuesday, October 27th. The utilities provider reported $2.13 earnings per share for the quarter, beating 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 business had revenue of $12.46 billion during the quarter, compared to analyst estimates of $10.54 billion. During the same quarter last year, the business posted $1.49 EPS. Equities analysts anticipate that ONEOK will post 6.27 EPS for the current year.

ONEOK Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 16th. Investors of record on Monday, November 2nd will be issued a $1.07 dividend. This represents a $4.28 annualized dividend and a yield of 4.9%. The ex-dividend date is Monday, November 2nd. ONEOK’s payout ratio is 66.46%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. BlackRock Inc. raised its stake in shares of ONEOK by 8.7% in the 2nd quarter. BlackRock Inc. now owns 64,537,467 shares of the utilities provider’s stock valued at $5,610,887,000 after acquiring an additional 5,148,768 shares during the period. State Street Corp lifted its stake in ONEOK by 5.0% during the second quarter. State Street Corp now owns 43,633,749 shares of the utilities provider’s stock worth $3,793,518,000 after purchasing an additional 2,059,368 shares in the last quarter. First Eagle Investment Management LLC boosted its holdings in ONEOK by 1.3% during the 2nd quarter. First Eagle Investment Management LLC now owns 11,834,827 shares of the utilities provider’s stock valued at $1,028,920,000 after acquiring an additional 155,652 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of ONEOK by 3.5% in the first quarter. Dimensional Fund Advisors LP now owns 5,552,597 shares of the utilities provider’s stock valued at $502,000,000 after purchasing an additional 187,880 shares during the period. Finally, Bank of America Corp DE grew its stake in shares of ONEOK by 5.2% in the first quarter. Bank of America Corp DE now owns 5,504,989 shares of the utilities provider’s stock worth $497,596,000 after acquiring an additional 272,704 shares in the last quarter. Institutional investors and hedge funds own 69.13% of the company’s stock.

About ONEOK

(Get Free Report)

ONEOK, Inc. is a U.S. energy midstream company that gathers, processes, transports and stores natural gas and natural gas liquids (NGLs). Its services connect energy producers with processors, refineries, petrochemical facilities and other customers. The company operates natural gas gathering and processing systems, NGL pipelines and fractionation facilities, as well as crude oil and refined products transportation assets. Its operations span regions including the Permian Basin, the Mid-Continent, the Rocky Mountain area and the Gulf Coast.