ONEOK, Inc. $OKE Shares Acquired by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC grew its stake in ONEOK, Inc. (NYSE:OKE) by 71.3% in the fourth quarter, Holdings Channel reports. The fund owned 17,275 shares of the utilities provider’s stock after purchasing an additional 7,191 shares during the period. Kingswood Wealth Advisors LLC’s holdings in ONEOK were worth $1,270,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of OKE. City Holding Co. acquired a new stake in shares of ONEOK in the 3rd quarter worth $28,000. Winnow Wealth LLC acquired a new stake in shares of ONEOK in the 3rd quarter worth $28,000. Financial Consulate Inc. acquired a new stake in shares of ONEOK in the 3rd quarter worth $29,000. SRH Advisors LLC increased its stake in shares of ONEOK by 122.3% in the 4th quarter. SRH Advisors LLC now owns 438 shares of the utilities provider’s stock worth $32,000 after acquiring an additional 241 shares during the last quarter. Finally, AXS Investments LLC acquired a new stake in shares of ONEOK in the 3rd quarter worth $35,000. 69.13% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently weighed in on OKE. Royal Bank Of Canada increased their price target on ONEOK from $79.00 to $84.00 and gave the stock a “sector perform” rating in a report on Thursday, March 19th. Morgan Stanley increased their price target on ONEOK from $104.00 to $113.00 and gave the stock an “overweight” rating in a report on Tuesday, April 7th. Mizuho set a $89.00 price target on ONEOK in a report on Monday, February 23rd. UBS Group lowered their price target on ONEOK from $114.00 to $103.00 and set a “buy” rating for the company in a report on Thursday, January 22nd. Finally, Truist Financial began coverage on ONEOK in a report on Tuesday, March 24th. They set a “hold” rating and a $91.00 price target for the company. Nine analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $89.69.

ONEOK Stock Performance

NYSE OKE opened at $87.29 on Friday. The stock has a market cap of $54.99 billion, a PE ratio of 16.10, a P/E/G ratio of 6.38 and a beta of 0.84. The company has a current ratio of 0.71, a quick ratio of 0.56 and a debt-to-equity ratio of 1.36. ONEOK, Inc. has a twelve month low of $64.02 and a twelve month high of $95.30. The stock has a fifty day simple moving average of $86.80 and a 200-day simple moving average of $77.67.

ONEOK (NYSE:OKE) last released its earnings results on Monday, February 23rd. The utilities provider reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.50 by $0.05. The company had revenue of $9.07 billion during the quarter, compared to the consensus estimate of $8.77 billion. ONEOK had a return on equity of 15.29% and a net margin of 10.09%.During the same period in the previous year, the company posted $1.57 EPS. ONEOK has set its FY 2026 guidance at 5.040-5.870 EPS. Equities analysts anticipate that ONEOK, Inc. will post 5.64 earnings per share for the current year.

ONEOK Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Monday, May 4th will be given a $1.07 dividend. This represents a $4.28 annualized dividend and a yield of 4.9%. The ex-dividend date of this dividend is Monday, May 4th. ONEOK’s payout ratio is currently 78.97%.

ONEOK Company Profile

ONEOK, Inc (NYSE: OKE) is a publicly traded midstream energy company headquartered in Tulsa, Oklahoma. The company owns and operates a portfolio of natural gas and natural gas liquids (NGL) pipelines, processing facilities, fractionators and storage and terminal assets. Its operations are focused on gathering, processing, transporting, fractionating and marketing NGLs and interstate natural gas, providing critical infrastructure that connects hydrocarbon production to refineries, petrochemical plants and other end markets.

ONEOK’s asset base includes pipeline systems and processing plants that move and condition natural gas, along with infrastructure for the transportation, storage and fractionation of NGLs such as ethane, propane and butane.