• Morgan Stanley maintains an "Overweight" rating on Oneok, Inc. (NYSE:OKE), with a price target adjustment from $107 to $104.
• Oneok announces a 4% increase in its dividend, raising the quarterly payout to $1.07 per share, resulting in an annual dividend of $4.28.
• The company's dividend yield now stands at 5.5%, significantly higher than the S&P 500's yield, supported by stable cash flows and a strong financial performance.

Oneok, Inc. (NYSE:OKE) is a prominent player in the energy midstream sector, specializing in the gathering, processing, storage, and transportation of natural gas. The company is known for its strong financial performance and commitment to shareholder returns. Oneok competes with other industry giants like Kinder Morgan and Williams Companies, but it has carved out a niche with its robust dividend policy and stable cash flows.

On January 28, 2026, Morgan Stanley maintained its "Overweight" rating for Oneok, indicating a positive outlook on the stock. However, the action is currently set to "hold," suggesting a more cautious approach. At the time of this announcement, Oneok's stock price was $79.22. Morgan Stanley also adjusted Oneok's price target, lowering it from $107 to $104, reflecting a more conservative valuation.

Oneok recently announced a 4% increase in its dividend, raising the quarterly payout to $1.07 per share, or $4.28 annually. This move underscores the company's commitment to providing stable returns to its investors. The dividend yield now stands at 5.5%, significantly higher than the S&P 500's yield of approximately 1.2%, as highlighted by the company's financial profile.

Despite the perception that higher-yielding dividend stocks carry more risk, Oneok's payout is considered secure, supported by stable cash flows. The company has a commendable track record, having nearly doubled its dividend over the past decade. This performance sets Oneok apart from many of its peers in the pipeline industry, reinforcing its reputation as a reliable dividend payer.

As of the latest trading session, Oneok's stock is priced at $79.21, reflecting an increase of 1.89% or $1.47. The stock has fluctuated between a low of $77.50 and a high of $79.26 during the day. Over the past year, it has reached a high of $103.64 and a low of $64.02. With a market capitalization of approximately $49.84 billion and a trading volume of 985,931 shares on the NYSE, Oneok remains a significant player in the energy sector.