Implied SPYD Analyst Target Price: $49
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 11 2025
0mins
Source: NASDAQ.COM
ETF Analyst Target Prices: The SPDR Portfolio S&P 500 High Dividend ETF (SPYD) has an implied analyst target price of $48.61, indicating a potential upside of 12.78% from its current trading price of $43.10.
Individual Stock Upside Potential: Notable underlying holdings such as ONEOK Inc, Alexandria Real Estate Equities Inc, and CVS Health Corporation show significant upside potential, with expected increases of 36.35%, 33.41%, and 22.62% respectively, based on average analyst target prices.
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Analyst Views on OKE
Wall Street analysts forecast OKE stock price to fall
12 Analyst Rating
7 Buy
5 Hold
0 Sell
Moderate Buy
Current: 86.120
Low
75.00
Averages
86.00
High
110.00
Current: 86.120
Low
75.00
Averages
86.00
High
110.00
About OKE
ONEOK, Inc. is a midstream operator that provides gathering, processing, fractionation, transportation, storage and marine export services. The Company's segments include Natural Gas Gathering and Processing; Natural Gas Liquids; Natural Gas Pipelines, and Refined Products and Crude. The Natural Gas Gathering and Processing segment provides midstream services to producers in the Rocky Mountain region, the Mid-Continent region, the Permian Basin region and the North Texas region. The Natural Gas Liquids segment owns and operates facilities that gather, fractionate, treat and distribute natural gas liquids (NGLs) and store Purity NGLs, primarily in the Rocky Mountain region, Mid-Continent region, Permian Basin and Gulf Coast region (including Louisiana). The Natural Gas Pipelines segment transports, stores and markets natural gas. The Refined Products and Crude segment gathers, transports, stores, distributes, blends and markets refined products and crude oil.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Analysis of High-Yield Stock Investment Opportunities
- EPR Properties Growth Potential: EPR Properties, a REIT focused on experiential properties, grew its funds from operations (FFO) by 5.1% last year and plans to invest $400 million to $500 million in new properties this year, which is expected to support continued low-to-mid single-digit annual dividend growth.
- Stable Dividend Yield: EPR Properties has increased its dividend yield to approximately 5.9%, ensuring a reliable passive income source for shareholders through stable rental income and new property investments, thereby enhancing its market competitiveness.
- Oneok's Cash Flow Stability: As a leading pipeline company, Oneok achieved double-digit earnings growth last year, primarily driven by acquisitions and organic expansion projects, which allowed it to increase its dividend by 4%, boosting its yield to 5%.
- Future Growth Outlook: Although Oneok expects its growth rate to slow this year, its six high-return organic growth projects under construction are anticipated to enter commercial service between 2026 and 2028, supporting future dividend growth and ensuring long-term cash flow stability.
See More
EPR Properties and Oneok Increase Dividends
- EPR Properties Dividend Increase: EPR Properties raised its monthly dividend by 5.1%, driven by a 5.1% growth in funds from operations last year, primarily from rent growth and a $288.5 million investment in new properties, enhancing its stable cash flow and investment capacity.
- Oneok Dividend Boost: Oneok increased its dividend by 4% for 2026, supported by stable cash flows from long-term fixed contracts and government-regulated rate structures; although growth is expected to slow this year, six high-return organic growth projects under construction are anticipated to support future dividend increases.
- Attractive High-Yield Investments: EPR Properties and Oneok offer dividend yields of 5.9% and 5%, respectively, appealing to investors seeking passive income, particularly in the current economic climate where stable cash flows and growth potential make them ideal investment choices.
- Future Growth Outlook: EPR Properties plans to invest $400 million to $500 million in new properties this year, while Oneok is pursuing additional expansion opportunities to meet rising gas demand, with these strategic investments further solidifying both companies' market positions in their respective sectors.
See More
MPLX Units Surge Over 20% to $60 Amid Growth Initiatives
- Unit Price Surge: MPLX's unit price has soared over 20% since bottoming out last fall, rising from below $50 to around $60, primarily driven by higher oil prices and expansion initiatives, reflecting strong market confidence in its growth potential.
- Solid Financial Performance: The MLP generated over $7 billion in adjusted EBITDA over the past year, up nearly 4% from 2024, indicating stable profitability and growth potential, even though it sits at the low end of its mid-single-digit growth target.
- Expansion Investment Plans: MPLX invested $5.5 billion in growth initiatives last year and plans to allocate another $2.4 billion this year, with ongoing expansion projects expected to come online in the coming years, further driving revenue growth.
- Buybacks and Structural Adjustment: Last year, MPLX completed $400 million in unit repurchases, having retired nearly 2% of its outstanding units over the past five years, and future buybacks could accelerate earnings per unit growth, while considering a transition to a corporate structure to enhance valuation competitiveness.
See More
MPLX Expects Mid-Single-Digit Annual Growth
- Earnings Growth Outlook: MPLX anticipates achieving a mid-single-digit annual growth rate in the coming years, with last year's adjusted EBITDA exceeding $7 billion, reflecting a nearly 4% increase, indicating the company's potential for stable growth.
- Unit Buyback Strategy: The MLP completed $400 million in unit repurchases last year and has retired nearly 2% of its outstanding units over the past five years, which not only offsets dilution from newly issued units but also could accelerate earnings per unit growth.
- Expansion Investments: The company invested $5.5 billion in growth initiatives last year and plans to allocate another $2.4 billion this year, with expansion projects expected to come online in the coming years, further driving earnings growth.
- Structural Adjustment Potential: If MPLX transitions to a corporate structure, it could enhance its valuation multiples, making its dividend yield more competitive with large pipeline companies, as it currently offers a distribution yield exceeding 7%, significantly higher than competitors' yields ranging from 2.8% to 5.2%.
See More
ONEOK Downgraded Amid Weak Q4 and 2026 Guidance
- Rating Downgrade: Wolfe downgraded ONEOK from Outperform to Peer Perform due to the company's weak Q4 performance and disappointing FY 2026 guidance, indicating growth challenges in a low commodity price environment.
- Limited Growth Outlook: Analyst Keith Stanley noted that despite $150 million in new synergies, ONEOK's FY 2026 EBITDA is expected to remain flat year-over-year, with core NGL and G&P segment volumes projected to be roughly flat, limiting significant growth in a $60 oil price scenario.
- Competitive Pressure: With investors increasingly focused on growth leaders, ONEOK faces heightened competitive pressure, particularly if oil prices do not rebound, and is projected to encounter approximately $100 million in headwinds in 2027 due to narrowing Permian gas spreads.
- Return Target Not Met: Although ONEOK offers a 5% yield, the combination of a 3%-4% EBITDA compound annual growth rate from 2025 to 2028 fails to meet the desired total return target of over 10% for most stocks, reflecting investor concerns about its future performance.
See More
Oneok Reports Strong Earnings Growth in 2026
- Significant Earnings Growth: Oneok achieved over $8 billion in adjusted EBITDA in 2026, marking an 18% increase and the 12th consecutive year of EBITDA growth, with a compound annual growth rate of 17%, showcasing its robust profitability and market competitiveness.
- Acquisition Synergies: The acquisitions of EnLink and Medallion in 2024 yielded an additional $250 million in synergies, which not only boosted operational volumes but also effectively offset the negative impacts of lower commodity prices, enhancing the company's financial stability.
- Future Growth Outlook: Although growth rates are expected to slow significantly in 2026, Oneok anticipates adjusted EBITDA between $7.9 billion and $8.3 billion this year, with plans to complete several major expansion projects by 2028, further driving future growth.
- Dividend Stability: Oneok plans to increase its 4.9% dividend by 3% to 4% annually, having already raised it by 4% for 2026, indicating a commitment to providing stable dividend growth over the past 25 years, which attracts numerous investors.
See More
Analysis of High-Yield Stock Investment Opportunities
- EPR Properties Growth Potential: EPR Properties, a REIT focused on experiential properties, grew its funds from operations (FFO) by 5.1% last year and plans to invest $400 million to $500 million in new properties this year, which is expected to support continued low-to-mid single-digit annual dividend growth.
- Stable Dividend Yield: EPR Properties has increased its dividend yield to approximately 5.9%, ensuring a reliable passive income source for shareholders through stable rental income and new property investments, thereby enhancing its market competitiveness.
- Oneok's Cash Flow Stability: As a leading pipeline company, Oneok achieved double-digit earnings growth last year, primarily driven by acquisitions and organic expansion projects, which allowed it to increase its dividend by 4%, boosting its yield to 5%.
- Future Growth Outlook: Although Oneok expects its growth rate to slow this year, its six high-return organic growth projects under construction are anticipated to enter commercial service between 2026 and 2028, supporting future dividend growth and ensuring long-term cash flow stability.
See More
EPR Properties and Oneok Increase Dividends
- EPR Properties Dividend Increase: EPR Properties raised its monthly dividend by 5.1%, driven by a 5.1% growth in funds from operations last year, primarily from rent growth and a $288.5 million investment in new properties, enhancing its stable cash flow and investment capacity.
- Oneok Dividend Boost: Oneok increased its dividend by 4% for 2026, supported by stable cash flows from long-term fixed contracts and government-regulated rate structures; although growth is expected to slow this year, six high-return organic growth projects under construction are anticipated to support future dividend increases.
- Attractive High-Yield Investments: EPR Properties and Oneok offer dividend yields of 5.9% and 5%, respectively, appealing to investors seeking passive income, particularly in the current economic climate where stable cash flows and growth potential make them ideal investment choices.
- Future Growth Outlook: EPR Properties plans to invest $400 million to $500 million in new properties this year, while Oneok is pursuing additional expansion opportunities to meet rising gas demand, with these strategic investments further solidifying both companies' market positions in their respective sectors.
See More
MPLX Units Surge Over 20% to $60 Amid Growth Initiatives
- Unit Price Surge: MPLX's unit price has soared over 20% since bottoming out last fall, rising from below $50 to around $60, primarily driven by higher oil prices and expansion initiatives, reflecting strong market confidence in its growth potential.
- Solid Financial Performance: The MLP generated over $7 billion in adjusted EBITDA over the past year, up nearly 4% from 2024, indicating stable profitability and growth potential, even though it sits at the low end of its mid-single-digit growth target.
- Expansion Investment Plans: MPLX invested $5.5 billion in growth initiatives last year and plans to allocate another $2.4 billion this year, with ongoing expansion projects expected to come online in the coming years, further driving revenue growth.
- Buybacks and Structural Adjustment: Last year, MPLX completed $400 million in unit repurchases, having retired nearly 2% of its outstanding units over the past five years, and future buybacks could accelerate earnings per unit growth, while considering a transition to a corporate structure to enhance valuation competitiveness.
See More
MPLX Expects Mid-Single-Digit Annual Growth
- Earnings Growth Outlook: MPLX anticipates achieving a mid-single-digit annual growth rate in the coming years, with last year's adjusted EBITDA exceeding $7 billion, reflecting a nearly 4% increase, indicating the company's potential for stable growth.
- Unit Buyback Strategy: The MLP completed $400 million in unit repurchases last year and has retired nearly 2% of its outstanding units over the past five years, which not only offsets dilution from newly issued units but also could accelerate earnings per unit growth.
- Expansion Investments: The company invested $5.5 billion in growth initiatives last year and plans to allocate another $2.4 billion this year, with expansion projects expected to come online in the coming years, further driving earnings growth.
- Structural Adjustment Potential: If MPLX transitions to a corporate structure, it could enhance its valuation multiples, making its dividend yield more competitive with large pipeline companies, as it currently offers a distribution yield exceeding 7%, significantly higher than competitors' yields ranging from 2.8% to 5.2%.
See More
ONEOK Downgraded Amid Weak Q4 and 2026 Guidance
- Rating Downgrade: Wolfe downgraded ONEOK from Outperform to Peer Perform due to the company's weak Q4 performance and disappointing FY 2026 guidance, indicating growth challenges in a low commodity price environment.
- Limited Growth Outlook: Analyst Keith Stanley noted that despite $150 million in new synergies, ONEOK's FY 2026 EBITDA is expected to remain flat year-over-year, with core NGL and G&P segment volumes projected to be roughly flat, limiting significant growth in a $60 oil price scenario.
- Competitive Pressure: With investors increasingly focused on growth leaders, ONEOK faces heightened competitive pressure, particularly if oil prices do not rebound, and is projected to encounter approximately $100 million in headwinds in 2027 due to narrowing Permian gas spreads.
- Return Target Not Met: Although ONEOK offers a 5% yield, the combination of a 3%-4% EBITDA compound annual growth rate from 2025 to 2028 fails to meet the desired total return target of over 10% for most stocks, reflecting investor concerns about its future performance.
See More
Oneok Reports Strong Earnings Growth in 2026
- Significant Earnings Growth: Oneok achieved over $8 billion in adjusted EBITDA in 2026, marking an 18% increase and the 12th consecutive year of EBITDA growth, with a compound annual growth rate of 17%, showcasing its robust profitability and market competitiveness.
- Acquisition Synergies: The acquisitions of EnLink and Medallion in 2024 yielded an additional $250 million in synergies, which not only boosted operational volumes but also effectively offset the negative impacts of lower commodity prices, enhancing the company's financial stability.
- Future Growth Outlook: Although growth rates are expected to slow significantly in 2026, Oneok anticipates adjusted EBITDA between $7.9 billion and $8.3 billion this year, with plans to complete several major expansion projects by 2028, further driving future growth.
- Dividend Stability: Oneok plans to increase its 4.9% dividend by 3% to 4% annually, having already raised it by 4% for 2026, indicating a commitment to providing stable dividend growth over the past 25 years, which attracts numerous investors.
See More
