US Capital Advisors Forecasts Increased Earnings for ONEOK

ONEOK, Inc. (NYSE:OKE) – Equities research analysts at US Capital Advisors boosted their FY2028 earnings per share estimates for ONEOK in a research report issued on Tuesday, October 27th. US Capital Advisors analyst J. Carreker now anticipates that the utilities provider will post earnings of $7.25 per share for the year, up from their prior forecast of $7.22. US Capital Advisors currently has a “Moderate Buy” rating on the stock. The consensus estimate for ONEOK’s current full-year earnings is $5.70 per share.

ONEOK (NYSE:OKE) last released its earnings results on Tuesday, October 27th. The utilities provider reported $2.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.50 by $0.63. The firm had revenue of $12.46 billion during the quarter, compared to analyst estimates of $10.54 billion. During the same quarter in the previous year, the firm earned $1.49 EPS.

A number of other brokerages have also recently commented on OKE. Wells Fargo & Company upped their price target on shares of ONEOK from $98.00 to $106.00 and gave the company an “overweight” rating in a research note on Wednesday, September 2nd. Truist Financial raised their price target on ONEOK from $93.00 to $104.00 and gave the company a “hold” rating in a report on Wednesday, September 2nd. Morgan Stanley boosted their price objective on ONEOK from $105.00 to $112.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 9th. JPMorgan Chase & Co. dropped their target price on shares of ONEOK from $106.00 to $100.00 and set a “neutral” rating for the company in a research report on Tuesday, October 6th. Finally, Stifel Nicolaus set a $100.00 price target on ONEOK in a research report on Friday, October 9th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $97.53.

ONEOK Stock Performance

Shares of OKE opened at $95.84 on Wednesday. ONEOK has a 52 week low of $64.02 and a 52 week high of $99.85. The stock has a 50 day moving average price of $92.88 and a two-hundred day moving average price of $88.24. The firm has a market capitalization of $60.42 billion, a P/E ratio of 16.52 and a beta of 0.82.

ONEOK Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 16th. Investors of record on Monday, November 2nd will be given a dividend of $1.07 per share. The ex-dividend date of this dividend is Monday, November 2nd. This represents a $4.28 annualized dividend and a dividend yield of 4.5%. ONEOK’s dividend payout ratio (DPR) is 73.79%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OKE. BlackRock Inc. increased its position in ONEOK by 8.7% during the second 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 last quarter. State Street Corp boosted its holdings in shares of ONEOK by 5.0% in the second quarter. State Street Corp now owns 43,633,749 shares of the utilities provider’s stock worth $3,793,518,000 after buying an additional 2,059,368 shares during the last quarter. First Eagle Investment Management LLC increased its holdings in ONEOK by 1.3% during the second 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 buying an additional 155,652 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in ONEOK by 3.5% during 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 buying an additional 187,880 shares during the last quarter. Finally, Bank of America Corp DE raised its position in 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 during the period. Institutional investors own 69.13% of the company’s stock.

Trending Headlines about ONEOK

Here are the key news stories impacting ONEOK this week:

• Positive Sentiment: ONEOK reported third-quarter earnings of $2.13 per share, well above the $1.46–$1.50 analyst consensus and up from $1.49 in the year-ago quarter. Revenue reached $12.46 billion, exceeding the approximately $10.54 billion consensus estimate. ONEOK Reports Third-Quarter and Nine-Month Earnings
• Positive Sentiment: The earnings and revenue beats were substantial, at approximately 45.9% and 5.8%, respectively, strengthening the case that operating performance is running ahead of expectations. ONEOK Beats Q3 Earnings and Revenue Estimates
• Positive Sentiment: Management increased its 2026 financial guidance, citing strong year-to-date results, higher volumes and expected contributions from the Brazos Permian Midland acquisition. Higher guidance can support investor estimates and valuation. ONEOK Increases 2026 Financial Guidance
• Positive Sentiment: Coverage highlighted record Permian Basin volumes as a key driver of the quarterly EPS beat, indicating continued strength in ONEOK’s gathering, processing and transportation businesses. ONEOK Q3 Earnings Powered by Record Permian Volumes

About ONEOK

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.