ONEOK (NYSE:OKE) Stock Rating Upgraded by Wells Fargo & Company

ONEOK (NYSE:OKE) was upgraded by analysts at Wells Fargo & Company from an “equal weight” rating to an “overweight” rating in a research note issued to investors on Wednesday,Finviz reports. The firm currently has a $100.00 price target on the utilities provider’s stock. Wells Fargo & Company‘s price target indicates a potential upside of 10.06% from the stock’s current price.

Several other equities analysts also recently commented on the company. UBS Group dropped their target price on ONEOK from $114.00 to $103.00 and set a “buy” rating for the company in a research report on Thursday, January 22nd. Jefferies Financial Group upgraded ONEOK from a “hold” rating to a “buy” rating and boosted their price target for the stock from $85.00 to $98.00 in a report on Friday, March 20th. Truist Financial initiated coverage on ONEOK in a research note on Tuesday. They issued a “hold” rating and a $91.00 price objective for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of ONEOK in a research note on Monday, December 29th. Finally, Scotiabank reiterated an “outperform” rating and issued a $91.00 price objective on shares of ONEOK in a report on Friday, January 16th. Nine analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $88.94.

ONEOK Stock Performance

NYSE OKE opened at $90.86 on Wednesday. The firm’s fifty day moving average price is $82.78 and its two-hundred day moving average price is $75.42. The stock has a market cap of $57.22 billion, a PE ratio of 16.76, a PEG ratio of 6.83 and a beta of 0.93. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.56 and a current ratio of 0.71. ONEOK has a fifty-two week low of $64.02 and a fifty-two week high of $103.64.

ONEOK (NYSE:OKE) last announced its quarterly earnings results on Monday, February 23rd. The utilities provider reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.50 by $0.05. The company had revenue of $9.07 billion during the quarter, compared to analysts’ expectations of $8.77 billion. ONEOK had a return on equity of 15.29% and a net margin of 10.09%.During the same period in the prior year, the company earned $1.57 EPS. ONEOK has set its FY 2026 guidance at 5.040-5.870 EPS. On average, equities analysts expect that ONEOK will post 5.07 EPS for the current fiscal year.

Institutional Investors Weigh In On ONEOK

Institutional investors and hedge funds have recently made changes to their positions in the stock. Zions Bancorporation National Association UT boosted its holdings in ONEOK by 73.3% in the fourth 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. City Holding Co. bought a new position in ONEOK during the 3rd quarter worth approximately $28,000. Winnow Wealth LLC acquired a new position in shares of ONEOK in the 3rd quarter worth approximately $28,000. Global Wealth Strategies & Associates acquired a new position in shares of ONEOK in the 3rd quarter worth approximately $29,000. Finally, Financial Consulate Inc. bought a new stake in shares of ONEOK in the 3rd quarter valued at $29,000. Institutional investors and hedge funds own 69.13% of the company’s stock.

Key Stories Impacting ONEOK

Here are the key news stories impacting ONEOK this week:

• Positive Sentiment: Oneok earned membership in a 95‑plus composite rating club, a third‑party recognition that can support investor confidence in the company’s financial and operational standing. Oneok earns membership in 95-plus composite rating club
• Neutral Sentiment: Truist Securities initiated coverage on ONEOK with a Hold rating and a $91 price target — essentially signaling limited near‑term upside (the PT is roughly flat to current levels) and providing incremental analyst attention but not a bullish endorsement. Truist Securities initiates coverage of ONEOK (OKE) with hold recommendation
• Neutral Sentiment: Market coverage shows an average brokerage consensus of “Hold” on OKE, reinforcing a neutral analyst tone across the street rather than upgrades that would drive stronger buying. ONEOK, Inc. (NYSE:OKE) Receives Average Rating of “Hold” from Brokerages
• Neutral Sentiment: Brief market reports note OKE advanced in recent trading sessions while broader markets lagged (intraday strength likely reflecting the mix of the items above and sector flows). Oneok Inc. (OKE) Advances While Market Declines: Some Information for Investors
• Negative Sentiment: US Capital Advisors cut multiple near‑term and medium‑term EPS forecasts for OKE (Q1–Q4 2026 estimates lowered; FY2026 cut to $5.63 from $5.96; FY2027 and FY2028 also reduced), signaling weaker expected earnings momentum versus prior forecasts — this is the primary negative driver that could pressure the stock if investors focus on earnings revisions. MarketBeat OKE coverage (US Capital Advisors estimate changes)

ONEOK Company Profile

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.