5 Best Energy Infrastructure Stocks to Buy Now

4. ONEOK, Inc. (NYSE:OKE)

Number of Hedge Fund Holders: 46

ONEOK, Inc. (NYSE:OKE) is a leading midstream operator that provides gathering, processing, fractionation, transportation, storage, and marine export services. The company transports natural gas, NGLs, refined products, and crude oil through its approximately 60,000-mile pipeline network.

On April 10, Scotiabank slightly bumped its price target on ONEOK, Inc. (NYSE:OKE) from $91 to $92, while maintaining an ‘Outperform’ rating on the shares. The raised target, which represents an upside of over 8% from the current levels, comes as the analyst firm revised its price targets for the US Midstream operators under its coverage.

Scotiabank noted that the elevated commodity price environment amid the Middle East conflict is having a more subdued effect on FY 2026 earnings than previously expected. Despite the soaring prices, the firm continues to believe that the upstream development activity will likely remain stable this year.

ONEOK, Inc. (NYSE:OKE) is targeting net income at a midpoint of approximately $3.45 billion or $5.45 per diluted share for FY 2026. The company expects an adjusted EBITDA midpoint of approximately $8.1 billion for the year, up from $8.02 billion delivered in 2025.

ONEOK, Inc. (NYSE:OKE) boasts a robust annual dividend yield of 5.04%, putting it among the 14 Best Oil and Gas Dividend Stocks to Buy Right Now.