ONEOK (NYSE:OKE) Upgraded by US Capital Advisors to Strong-Buy Rating

ONEOK (NYSE:OKE) was upgraded by stock analysts at US Capital Advisors from a “moderate buy” rating to a “strong-buy” rating in a report issued on Monday,Zacks.com reports. US Capital Advisors also issued estimates for ONEOK’s Q4 2024 earnings at $1.23 EPS, FY2024 earnings at $4.84 EPS, Q1 2025 earnings at $1.38 EPS and Q2 2025 earnings at $1.30 EPS.

OKE has been the subject of a number of other reports. Royal Bank of Canada increased their target price on shares of ONEOK from $89.00 to $98.00 and gave the company a “sector perform” rating in a report on Wednesday, October 16th. Wells Fargo & Company cut shares of ONEOK from an “overweight” rating to an “equal weight” rating and set a $107.00 target price for the company. in a report on Wednesday, December 18th. Scotiabank assumed coverage on shares of ONEOK in a report on Friday, January 10th. They issued a “sector outperform” rating and a $109.00 target price for the company. Mizuho raised shares of ONEOK to a “hold” rating in a research note on Thursday, November 7th. Finally, UBS Group raised their price objective on shares of ONEOK from $112.00 to $132.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Seven analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $102.92.

ONEOK Trading Down 0.6 %

NYSE OKE opened at $97.03 on Monday. The stock has a market capitalization of $56.68 billion, a P/E ratio of 20.30, a P/E/G ratio of 3.69 and a beta of 1.70. ONEOK has a 52-week low of $67.05 and a 52-week high of $118.07. The firm has a 50-day moving average price of $104.24 and a 200 day moving average price of $97.33. The company has a quick ratio of 0.59, a current ratio of 0.81 and a debt-to-equity ratio of 1.59.

Institutional Trading of ONEOK

Several institutional investors have recently made changes to their positions in the stock. New York Life Investment Management LLC grew its stake in shares of ONEOK by 0.3% during the 4th quarter. New York Life Investment Management LLC now owns 86,778 shares of the utilities provider’s stock valued at $8,713,000 after buying an additional 267 shares during the period. Whipplewood Advisors LLC purchased a new stake in ONEOK during the 4th quarter worth $216,000. Checchi Capital Advisers LLC boosted its position in ONEOK by 3.1% during the 4th quarter. Checchi Capital Advisers LLC now owns 9,365 shares of the utilities provider’s stock worth $940,000 after purchasing an additional 280 shares during the period. Gibraltar Capital Management Inc. boosted its position in ONEOK by 3.0% during the 4th quarter. Gibraltar Capital Management Inc. now owns 4,853 shares of the utilities provider’s stock worth $487,000 after purchasing an additional 141 shares during the period. Finally, National Pension Service boosted its position in ONEOK by 65.3% during the 4th quarter. National Pension Service now owns 1,262,741 shares of the utilities provider’s stock worth $126,779,000 after purchasing an additional 498,908 shares during the period. 69.13% of the stock is owned by hedge funds and other institutional investors.

About ONEOK

ONEOK, Inc engages in gathering, processing, fractionation, storage, transportation, and marketing of natural gas and natural gas liquids (NGL) in the United States. It operates through four segments: Natural Gas Gathering and Processing, Natural Gas Liquids, Natural Gas Pipelines, and Refined Products and Crude.