ONEOK, Inc. $OKE Shares Acquired by Texas Yale Capital Corp.

Texas Yale Capital Corp. raised its holdings in shares of ONEOK, Inc. (NYSE:OKE) by 7.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 124,548 shares of the utilities provider’s stock after purchasing an additional 9,025 shares during the period. Texas Yale Capital Corp.’s holdings in ONEOK were worth $9,154,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. Winnow Wealth LLC acquired a new position in shares of ONEOK in the 3rd quarter valued at $28,000. Elyxium Wealth LLC acquired a new position in shares of ONEOK in the 4th quarter valued at $29,000. SRH Advisors LLC increased its position in shares of ONEOK by 122.3% in the 4th quarter. SRH Advisors LLC now owns 438 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 241 shares during the period. AXS Investments LLC acquired a new position in shares of ONEOK in the 3rd quarter valued at $35,000. Finally, Accredited Wealth Management LLC increased its position in shares of ONEOK by 342.5% in the 3rd quarter. Accredited Wealth Management LLC now owns 500 shares of the utilities provider’s stock valued at $36,000 after acquiring an additional 387 shares during the period. 69.13% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Jefferies Financial Group upped their target price on ONEOK from $98.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, April 8th. Citigroup upped their target price on ONEOK from $95.00 to $97.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Wolfe Research downgraded ONEOK from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, February 25th. Raymond James Financial reissued an “outperform” rating and issued a $92.00 target price on shares of ONEOK in a research report on Thursday, April 30th. Finally, Wells Fargo & Company cut their target price on ONEOK from $100.00 to $98.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Eight equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $91.88.

ONEOK Price Performance

Shares of OKE opened at $84.05 on Friday. The business’s 50-day moving average is $88.85 and its two-hundred day moving average is $81.26. The company has a market capitalization of $52.95 billion, a P/E ratio of 14.98, a P/E/G ratio of 6.23 and a beta of 0.78. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.56 and a current ratio of 0.71. ONEOK, Inc. has a fifty-two week low of $64.02 and a fifty-two week high of $96.07.

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

ONEOK Announces Dividend

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

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.