ONEOK (NYSE:OKE) Updates FY 2026 Earnings Guidance

ONEOK (NYSE:OKE) updated its FY 2026 earnings guidance on Monday. The company provided EPS guidance of 5.680-5.680 for the period, compared to the consensus EPS estimate of 5.720. The company issued revenue guidance of -.

ONEOK Trading Down 3.0%

OKE stock traded down $2.76 during midday trading on Monday, hitting $88.05. The stock had a trading volume of 4,524,908 shares, compared to its average volume of 4,431,419. The company has a current ratio of 0.71, a quick ratio of 0.56 and a debt-to-equity ratio of 1.37. The firm has a market cap of $55.48 billion, a P/E ratio of 15.70, a price-to-earnings-growth ratio of 4.93 and a beta of 0.73. The business has a fifty day moving average price of $89.09 and a two-hundred day moving average price of $86.68. ONEOK has a 1-year low of $64.02 and a 1-year high of $96.07.

ONEOK (NYSE:OKE) last posted its quarterly earnings data on Monday, August 3rd. The utilities provider reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.07. The firm had revenue of $12.05 billion during the quarter, compared to analyst estimates of $8.95 billion. ONEOK had a return on equity of 16.06% and a net margin of 10.03%.ONEOK has set its FY 2026 guidance at 5.680-5.680 EPS. On average, sell-side analysts predict that ONEOK will post 5.63 earnings per share for the current fiscal year.

ONEOK Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Monday, August 3rd will be issued a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date is Monday, August 3rd. ONEOK’s payout ratio is presently 76.29%.

Analysts Set New Price Targets

OKE has been the subject of several research analyst reports. Scotiabank lowered shares of ONEOK from a “sector outperform” rating to a “sector perform” rating and lowered their price objective for the company from $92.00 to $89.00 in a research note on Thursday, April 30th. Raymond James Financial restated an “outperform” rating and issued a $92.00 price target on shares of ONEOK in a report on Thursday, April 30th. Truist Financial upped their price objective on shares of ONEOK from $91.00 to $93.00 and gave the company a “hold” rating in a report on Monday, May 4th. Citigroup raised their target price on ONEOK from $95.00 to $97.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Finally, TD Cowen boosted their target price on ONEOK from $85.00 to $90.00 and gave the company a “hold” rating in a research report on Thursday, July 16th. Seven investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat, ONEOK currently has a consensus rating of “Hold” and a consensus price target of $91.81.

Institutional Investors Weigh In On ONEOK

Institutional investors and hedge funds have recently made changes to their positions in the business. Hoxton Planning & Management LLC increased its holdings in ONEOK by 2.3% during the 4th quarter. Hoxton Planning & Management LLC now owns 5,372 shares of the utilities provider’s stock worth $395,000 after purchasing an additional 120 shares in the last quarter. Loomis Sayles & Co. L P boosted its position in shares of ONEOK by 14.8% during the fourth quarter. Loomis Sayles & Co. L P now owns 1,034 shares of the utilities provider’s stock valued at $76,000 after buying an additional 133 shares during the last quarter. Empowered Funds LLC boosted its position in shares of ONEOK by 0.8% during the first quarter. Empowered Funds LLC now owns 17,957 shares of the utilities provider’s stock valued at $1,782,000 after buying an additional 137 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in ONEOK by 1.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 11,747 shares of the utilities provider’s stock worth $867,000 after buying an additional 138 shares in the last quarter. Finally, Zions Bancorporation National Association UT raised 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 buying an additional 143 shares during the last quarter. Institutional investors and hedge funds own 69.13% of the company’s stock.

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.