FMP

FMP

ONEOK, Inc. (NYSE: OKE) Financial Overview and Dividend Increase

  • Robert Kad from Morgan Stanley sets a price target of $104 for NYSE:OKE, indicating a potential increase of about 30.87%.
  • OKE announces a 4% increase in its quarterly dividend, raising it to $1.07 per share.
  • The stock has experienced a 52-week high of $103.64 and a low of $64.02, showing significant volatility.

ONEOK, Inc. (NYSE: OKE) is a prominent player in the energy sector, specializing in midstream services. The company operates a vast 60,000-mile pipeline network, which is essential for gathering, processing, fractionation, transportation, storage, and marine export of energy resources. This infrastructure supports both domestic and international energy needs, ensuring energy security and reliability.

On January 28, 2026, Robert Kad from Morgan Stanley set a price target of $104 for OKE. At that time, the stock was priced at $79.47, suggesting a potential increase of about 30.87%. Currently, the stock is priced at $78.96, showing a slight increase of 1.57% or $1.22. The stock has fluctuated between $77.50 and $79.90 during the trading day.

OKE has announced a 4% increase in its quarterly dividend, raising it to $1.07 per share. This results in an annualized dividend of $4.28 per share. The dividend is scheduled for payment on February 13, 2026, to shareholders recorded by February 2, 2026. This increase reflects the company's commitment to returning value to its shareholders.

The stock has experienced a 52-week high of $103.64 and a low of $64.02, indicating significant volatility. With a market capitalization of approximately $49.68 billion, OKE remains a substantial entity in the energy sector. The trading volume for the day is 2,050,033 shares on the NYSE, highlighting active investor interest.