Fintel reports that on September 16, 2024, Morgan Stanley upgraded their outlook for ONEOK (NYSE:OKE) from Equal-Weight to Overweight.
Analyst Price Forecast Suggests 0.56% Downside
As of August 25, 2024, the average one-year price target for ONEOK is $90.86/share. The forecasts range from a low of $82.82 to a high of $108.15. The average price target represents a decrease of 0.56% from its latest reported closing price of $91.37 / share.
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The projected annual revenue for ONEOK is 24,474MM, an increase of 28.14%. The projected annual non-GAAP EPS is 4.73.
What is the Fund Sentiment?
There are 2,181 funds or institutions reporting positions in ONEOK. This is an increase of 35 owner(s) or 1.63% in the last quarter. Average portfolio weight of all funds dedicated to OKE is 0.46%, an increase of 1.18%. Total shares owned by institutions increased in the last three months by 2.02% to 451,750K shares. 
The put/call ratio of OKE is 0.98, indicating a bullish outlook.
What are Other Shareholders Doing?
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 18,443K shares representing 3.16% ownership of the company. In its prior filing, the firm reported owning 18,320K shares , representing an increase of 0.67%. The firm decreased its portfolio allocation in OKE by 0.42% over the last quarter.
Charles Schwab Investment Management holds 16,819K shares representing 2.88% ownership of the company. In its prior filing, the firm reported owning 16,588K shares , representing an increase of 1.37%. The firm decreased its portfolio allocation in OKE by 29.02% over the last quarter.
XLE - The Energy Select Sector SPDR Fund holds 16,157K shares representing 2.77% ownership of the company. In its prior filing, the firm reported owning 13,916K shares , representing an increase of 13.87%. The firm increased its portfolio allocation in OKE by 23.82% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 14,980K shares representing 2.56% ownership of the company. In its prior filing, the firm reported owning 14,681K shares , representing an increase of 2.00%. The firm decreased its portfolio allocation in OKE by 1.75% over the last quarter.
Geode Capital Management holds 13,542K shares representing 2.32% ownership of the company. In its prior filing, the firm reported owning 13,258K shares , representing an increase of 2.10%. The firm decreased its portfolio allocation in OKE by 1.41% over the last quarter.
Oneok Background Information
(This description is provided by the company.)
ONEOK, Inc. (pronounced ONE-OAK) is a leading midstream service provider and owner of one of the nation's premier natural gas liquids (NGL) systems, connecting NGL supply in the Rocky Mountain, Mid-Continent and Permian regions with key market centers and an extensive network of natural gas gathering, processing, storage and transportation assets.
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