ONEOK (NYSE:OKE) Reaches New 52-Week High – Should You Buy?

Posted by Francis Steltz on May 21st, 2026

ONEOK, Inc. (NYSE:OKE – Get Free Report)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $95.59 and last traded at $95.1530, with a volume of 2441720 shares traded. The stock had previously closed at $93.76.

Analysts Set New Price Targets

Several equities analysts have weighed in on OKE shares. Wall Street Zen downgraded shares of ONEOK from a “hold” rating to a “sell” rating in a report on Monday. Freedom Capital upgraded shares of ONEOK from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th. Weiss Ratings raised shares of ONEOK from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday. JPMorgan Chase & Co. lifted their price objective on ONEOK from $91.00 to $92.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Finally, Barclays upped their target price on ONEOK from $82.00 to $90.00 and gave the company an “equal weight” rating in a research note on Thursday, April 30th. Eight investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, ONEOK has an average rating of “Hold” and an average price target of $91.88.

Get Our Latest Report on ONEOK

ONEOK Stock Performance

The company has a market capitalization of $58.45 billion, a PE ratio of 16.54, a price-to-earnings-growth ratio of 6.70 and a beta of 0.78. The stock’s fifty day simple moving average is $88.38 and its 200-day simple moving average is $80.38. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.56 and a current ratio of 0.71.

ONEOK (NYSE:OKE – Get Free Report) last issued its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $1.23 EPS for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.07). The firm had revenue of $9.62 billion for the quarter, compared to analysts’ expectations of $8.23 billion. ONEOK had a return on equity of 16.06% and a net margin of 10.03%.During the same quarter last year, the firm earned $1.04 earnings per share. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. As a group, equities analysts predict that ONEOK, Inc. will post 5.76 earnings per share for the current year.

ONEOK Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 4th were paid a $1.07 dividend. This represents a $4.28 annualized dividend and a yield of 4.6%. The ex-dividend date was Monday, May 4th. ONEOK’s dividend payout ratio is presently 76.29%.

Institutional Trading of ONEOK

A number of hedge funds have recently added to or reduced their stakes in OKE. Zions Bancorporation National Association UT lifted its holdings in shares of ONEOK by 73.3% during the 4th quarter. Zions Bancorporation National Association UT now owns 338 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 143 shares during the period. Winnow Wealth LLC purchased a new stake in ONEOK in the third quarter valued at approximately $28,000. Elyxium Wealth LLC acquired a new position in ONEOK during the fourth quarter worth approximately $29,000. Cornerstone Financial Management LLC purchased a new position in ONEOK during the fourth quarter worth approximately $29,000. Finally, SRH Advisors LLC raised its stake in ONEOK by 122.3% during the fourth quarter. SRH Advisors LLC now owns 438 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 241 shares during the period. 69.13% of the stock is owned by institutional investors and hedge funds.

ONEOK Company Profile

(Get Free Report)

ONEOK, Inc (NYSE: OKE) is a publicly traded midstream energy company headquartered in Tulsa, Oklahoma. The company owns and operates a portfolio of natural gas and natural gas liquids (NGL) pipelines, processing facilities, fractionators and storage and terminal assets. Its operations are focused on gathering, processing, transporting, fractionating and marketing NGLs and interstate natural gas, providing critical infrastructure that connects hydrocarbon production to refineries, petrochemical plants and other end markets.

ONEOK’s asset base includes pipeline systems and processing plants that move and condition natural gas, along with infrastructure for the transportation, storage and fractionation of NGLs such as ethane, propane and butane.