ONEOK (NYSE:OKE) Now Covered by Analysts at Capital One Financial

Investment analysts at Capital One Financial initiated coverage on shares of ONEOK (NYSE:OKE) in a report issued on Tuesday, Briefing.com reports. The brokerage set an “overweight” rating and a $110.00 price target on the utilities provider’s stock. Capital One Financial‘s target price would suggest a potential upside of 19.77% from the company’s previous close.

Other equities analysts have also recently issued research reports about the company. Stifel Nicolaus started coverage on ONEOK in a research note on Thursday, September 10th. They set a “hold” rating and a $105.00 target price on the stock. UBS Group set a $93.00 price target on shares of ONEOK in a report on Friday, September 11th. Weiss Ratings raised shares of ONEOK from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, August 31st. Freedom Capital upgraded shares of ONEOK from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 5th. Finally, US Capital Advisors lowered shares of ONEOK from a “strong-buy” rating to a “moderate buy” rating in a research note on Thursday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $96.88.

ONEOK Trading Down 1.7%

NYSE OKE opened at $91.84 on Tuesday. The firm’s 50 day moving average price is $93.00 and its two-hundred day moving average price is $89.89. The stock has a market cap of $57.89 billion, a price-to-earnings ratio of 15.83, a PEG ratio of 2.65 and a beta of 0.74. ONEOK has a twelve month low of $64.02 and a twelve month high of $99.85. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.59 and a current ratio of 0.74.

ONEOK (NYSE:OKE) last issued its earnings results on Monday, August 3rd. The utilities provider reported $1.53 EPS for the quarter, topping the consensus estimate of $1.46 by $0.07. The business had revenue of $12.05 billion during the quarter, compared to analysts’ expectations of $8.95 billion. ONEOK had a return on equity of 16.41% and a net margin of 9.29%.During the same quarter last year, the firm posted $1.34 earnings per share. ONEOK has set its FY 2026 guidance at 5.680-5.680 EPS. Equities analysts anticipate that ONEOK will post 5.74 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of OKE. BlackRock Inc. raised its holdings 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 buying an additional 5,148,768 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of ONEOK by 3.2% during the 4th quarter. Geode Capital Management LLC now owns 16,596,172 shares of the utilities provider’s stock worth $1,215,107,000 after buying an additional 518,746 shares during the period. First Eagle Investment Management LLC grew its stake in ONEOK by 1.3% in the 2nd 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. Capital International Investors acquired a new position in ONEOK in the 4th quarter valued at $586,500,000. Finally, Norges Bank bought a new position in ONEOK in the 4th quarter worth $564,867,000. Institutional investors and hedge funds own 69.13% of the company’s stock.

About ONEOK

ONEOK, Inc (NYSE: OKE) is an energy infrastructure company that gathers, processes, stores and transports natural gas and natural gas liquids (NGLs). Its operations connect production areas with domestic and international markets through pipelines, processing facilities, fractionation plants, storage assets and export infrastructure.

The company’s services include natural gas gathering and processing, interstate and intrastate natural gas transportation and storage, and the gathering, fractionation, storage and transportation of NGLs such as ethane, propane, normal butane, isobutane and natural gasoline.