ONEOK (NYSE:OKE) Releases FY 2026 Earnings Guidance

ONEOK (NYSE:OKE) updated its FY 2026 earnings guidance on Monday. The company provided earnings per share guidance of 5.040-5.870 for the period, compared to the consensus earnings per share estimate of 5.830. The company issued revenue guidance of -.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Argus raised ONEOK from a “hold” rating to a “buy” rating and set a $79.00 price target on the stock in a report on Thursday, November 6th. TD Cowen cut their target price on ONEOK from $78.00 to $76.00 and set a “hold” rating for the company in a research report on Thursday, October 30th. Wells Fargo & Company lowered their price target on ONEOK from $90.00 to $82.00 and set an “equal weight” rating on the stock in a report on Thursday, October 30th. Stifel Nicolaus set a $94.00 price objective on shares of ONEOK in a report on Thursday, October 30th. Finally, Barclays lowered their target price on shares of ONEOK from $78.00 to $76.00 and set an “equal weight” rating on the stock in a report on Thursday, January 15th. Seven investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $86.27.

ONEOK Price Performance

NYSE OKE traded up $0.20 during trading on Monday, hitting $87.53. 4,734,355 shares of the stock traded hands, compared to its average volume of 4,630,926. The company has a quick ratio of 0.75, a current ratio of 0.90 and a debt-to-equity ratio of 1.44. ONEOK has a 12-month low of $64.02 and a 12-month high of $103.64. The firm has a 50-day simple moving average of $77.00 and a 200-day simple moving average of $73.65. The company has a market capitalization of $55.08 billion, a P/E ratio of 16.09, a price-to-earnings-growth ratio of 4.90 and a beta of 0.96.

ONEOK (NYSE:OKE) last posted its earnings results on Monday, February 23rd. The utilities provider reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.48 by $0.07. ONEOK had a return on equity of 15.12% and a net margin of 10.58%.The firm had revenue of $9.07 billion during the quarter, compared to the consensus estimate of $8.77 billion. ONEOK has set its FY 2026 guidance at 5.040-5.870 EPS. As a group, analysts predict that ONEOK will post 5.07 EPS for the current year.

ONEOK Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Monday, February 2nd were issued a $1.07 dividend. This is a boost from ONEOK’s previous quarterly dividend of $1.03. The ex-dividend date was Monday, February 2nd. This represents a $4.28 dividend on an annualized basis and a dividend yield of 4.9%. ONEOK’s payout ratio is presently 78.68%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in OKE. Zions Bancorporation National Association UT grew its position in ONEOK by 73.3% in the 4th quarter. Zions Bancorporation National Association UT now owns 338 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 143 shares during the last quarter. J.Safra Asset Management Corp purchased a new stake in shares of ONEOK during the fourth quarter valued at $37,000. Garton & Associates Financial Advisors LLC bought a new position in shares of ONEOK in the fourth quarter worth about $37,000. DV Equities LLC bought a new position in shares of ONEOK in the fourth quarter worth about $64,000. Finally, Loomis Sayles & Co. L P increased its stake in ONEOK by 14.8% in the 4th quarter. Loomis Sayles & Co. L P now owns 1,034 shares of the utilities provider’s stock worth $76,000 after buying an additional 133 shares during the period. Hedge funds and other institutional investors own 69.13% of the company’s stock.

About ONEOK

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.