Foundations Investment Advisors LLC Acquires 8,162 Shares of ONEOK, Inc. $OKE

Foundations Investment Advisors LLC raised its holdings in ONEOK, Inc. (NYSE:OKE) by 53.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 23,570 shares of the utilities provider’s stock after purchasing an additional 8,162 shares during the period. Foundations Investment Advisors LLC’s holdings in ONEOK were worth $1,732,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Huntington National Bank boosted its stake in ONEOK by 6.0% in the fourth quarter. Huntington National Bank now owns 17,762 shares of the utilities provider’s stock valued at $1,306,000 after acquiring an additional 999 shares during the last quarter. Kingsview Wealth Management LLC boosted its stake in ONEOK by 2.1% in the fourth quarter. Kingsview Wealth Management LLC now owns 37,489 shares of the utilities provider’s stock valued at $2,755,000 after acquiring an additional 767 shares during the last quarter. Geode Capital Management LLC boosted its stake in ONEOK by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 16,596,172 shares of the utilities provider’s stock valued at $1,215,107,000 after acquiring an additional 518,746 shares during the last quarter. Coordinated Financial Services Inc. bought a new position in ONEOK in the fourth quarter valued at approximately $237,000. Finally, Integrity Alliance LLC. boosted its stake in ONEOK by 254.1% in the fourth quarter. Integrity Alliance LLC. now owns 32,018 shares of the utilities provider’s stock valued at $2,353,000 after acquiring an additional 22,975 shares during the last quarter. 69.13% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on OKE. Morgan Stanley raised their price objective on shares of ONEOK from $104.00 to $113.00 and gave the company an “overweight” rating in a research note on Tuesday, April 7th. Scotiabank cut shares of ONEOK from a “sector outperform” rating to a “sector perform” rating and reduced their price objective for the company from $92.00 to $89.00 in a research note on Thursday, April 30th. Weiss Ratings raised shares of ONEOK from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 18th. Wall Street Zen raised shares of ONEOK from a “sell” rating to a “hold” rating in a research note on Tuesday, May 26th. Finally, JPMorgan Chase & Co. raised their price objective on shares of ONEOK from $91.00 to $92.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Eight investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $91.88.

ONEOK Trading Down 3.4%

OKE opened at $84.05 on Friday. The firm’s fifty day moving average is $88.85 and its two-hundred day moving average is $81.26. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.56 and a current ratio of 0.71. The firm has a market cap of $52.95 billion, a PE ratio of 14.98, a price-to-earnings-growth ratio of 6.23 and a beta of 0.78. ONEOK, Inc. has a twelve month low of $64.02 and a twelve month high of $96.07.

ONEOK (NYSE:OKE) last issued its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $1.23 EPS for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.07). ONEOK had a return on equity of 16.06% and a net margin of 10.03%.The company had revenue of $9.62 billion for the quarter, compared to analyst estimates of $8.23 billion. During the same quarter in the previous year, the business earned $1.04 earnings per share. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. Equities research analysts anticipate that ONEOK, Inc. will post 5.76 EPS for the current year.

ONEOK Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 4th were given a $1.07 dividend. The ex-dividend date of this dividend was Monday, May 4th. This represents a $4.28 dividend on an annualized basis and a yield of 5.1%. ONEOK’s dividend payout ratio (DPR) is 76.29%.

ONEOK 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.