ONEOK, Inc. (NYSE:OKE) Stock Update and Financial Overview

• Raymond James upgraded ONEOK to "Outperform" with a current stock price of $78.02 and a hold recommendation.
• ONEOK is expected to report earnings of $1.33 per share and a significant revenue increase to $8.33 billion in its upcoming quarterly results.
• The company offers an attractive annual dividend yield of 5.02%, with a quarterly dividend of $1.03 per share.

ONEOK, Inc. (NYSE:OKE) is a prominent player in the energy sector, primarily involved in the gathering, processing, storage, and transportation of natural gas. The company is headquartered in Tulsa, Oklahoma, and has established itself as a key player in the midstream energy market. ONEOK competes with other major energy companies like Kinder Morgan and Williams Companies.

On August 1, 2025, Raymond James updated its rating for ONEOK to "Outperform," with the stock priced at $78.02 at the time. This rating suggests that the stock is expected to perform better than the overall market. Despite this positive outlook, the associated action is "hold," indicating that investors might want to maintain their current positions rather than buying more shares.

ONEOK is set to release its second-quarter earnings results on August 4, 2025. Analysts expect the company to report earnings of $1.33 per share, consistent with the same period last year. However, a significant increase in quarterly revenue is anticipated, projected at $8.33 billion, up from $4.89 billion the previous year. This growth in revenue highlights the company's strong performance in the energy sector.

Investors are particularly interested in ONEOK due to its attractive dividend offerings. The company provides an annual dividend yield of 5.02%, with a quarterly dividend of $1.03 per share. To earn $500 monthly from ONEOK's dividends, an investor would need to own approximately 1,456 shares, valued at around $119,552. For a more modest goal of $100 monthly, an investor would require 291 shares, equating to an investment of approximately $23,800.

Currently, ONEOK's stock is priced at $78.58, reflecting a decrease of 4.30% with a change of $3.53. The stock has fluctuated between a low of $77.83 and a high of $80.32 during the day. Over the past year, it has reached a high of $118.07 and a low of $75.47. The company has a market capitalization of approximately $49.08 billion, with a trading volume of 973,258 shares on the NYSE today.