After A -1.44% Drop In The Last Week, Does Oneok Inc (NYSE: OKE) Still Make Sense To Buy?

During the recent session, Oneok Inc (NYSE:OKE)’s traded shares were 0.57 million, with the beta value of the company hitting 0.92. At the last check today, the stock’s price was $80.20, reflecting an intraday loss of -0.59% or -$0.48. The 52-week high for the OKE share is $118.07, that puts it down -47.22 from that peak though still a striking 5.9% gain since the share price plummeted to a 52-week low of $75.47. The company’s market capitalization is $50.10B, and the average intraday trading volume over the past 10 days was 2.86 million shares, and the average trade volume was 3.99 million shares over the past three months.

Oneok Inc (OKE) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.81. OKE has a Sell rating from 0 analyst(s) out of 9 analysts who have looked at this stock. 4 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 5 recommend a Buy rating for it.

Oneok Inc (NYSE:OKE) trade information

Oneok Inc (OKE) registered a -0.59% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -0.59% in intraday trading to $80.20, hitting a weekly high. The stock’s 5-day price performance is -1.44%, and it has moved by -2.39% in 30 days. Based on these gigs, the overall price performance for the year is -0.94%. The short interest in Oneok Inc (NYSE:OKE) is 11.48 million shares and it means that shorts have 3.09 day(s) to cover.

The consensus price target of analysts on Wall Street is $117.5, which implies an increase of 31.74% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $102 and $133 respectively. As a result, OKE is trading at a discount of -65.84% off the target high and -27.18% off the low.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 10.96%. While earnings are projected to return 4.31% in 2025, the next five years will return 9.58% per annum.

OKE Dividends

Oneok Inc is due to release its next quarterly earnings on 2025-Apr-28. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Oneok Inc is 4.04, with the dividend yield indicating at 5.04 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 6.59%.

Oneok Inc (NYSE:OKE)’s Major holders

Oneok Inc insiders own 0.19% of total outstanding shares while institutional holders control 74.90%, with the float percentage being 75.04%. VANGUARD GROUP INC is the largest shareholder of the company, while 2035.0 institutions own stock in it. As of 2024-06-30, the company held over 69.31 million shares (or 11.8552% of all shares), a total value of $5.65 billion in shares.

The next largest institutional holding, with 50.86 million shares, is of BLACKROCK INC.’s that is approximately 8.7004% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $4.15 billion.

Also, the Mutual Funds coming in first place with the largest holdings of Oneok Inc (OKE) shares are VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and VANGUARD INDEX FUNDS-Vanguard 500 Index Fund . Data provided on Mar 31, 2025 indicates that VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund owns about 19.71 shares. This amounts to just over 3.16 percent of the company’s overall shares, with a $1.58 billion market value. The same data shows that the other fund manager holds slightly less at 17.24, or about 2.76% of the stock, which is worth about $1.39 billion.

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