Stokes Capital Advisors LLC Buys 45,195 Shares of ONEOK, Inc. $OKE

Stokes Capital Advisors LLC raised its stake in ONEOK, Inc. (NYSE:OKE) by 1,369.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,496 shares of the utilities provider’s stock after acquiring an additional 45,195 shares during the period. Stokes Capital Advisors LLC’s holdings in ONEOK were worth $4,384,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of OKE. Pacific Sage Partners LLC grew its holdings in shares of ONEOK by 99.2% during the 1st quarter. Pacific Sage Partners LLC now owns 5,658 shares of the utilities provider’s stock worth $511,000 after purchasing an additional 2,817 shares in the last quarter. Topsail Wealth Management LLC bought a new stake in ONEOK during the first quarter worth about $210,000. Artesa Financial Group LLC acquired a new stake in ONEOK during the first quarter worth about $226,000. Louisiana State Employees Retirement System acquired a new stake in ONEOK during the first quarter worth about $2,902,000. Finally, Silver Oak Securities Incorporated bought a new position in ONEOK in the 1st quarter valued at about $244,000. 69.13% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on OKE. Royal Bank Of Canada boosted their target price on shares of ONEOK from $79.00 to $84.00 and gave the company a “sector perform” rating in a research report on Thursday, March 19th. Scotiabank cut shares of ONEOK from a “sector outperform” rating to a “sector perform” rating and decreased their price objective for the company from $92.00 to $89.00 in a research note on Thursday, April 30th. Morgan Stanley boosted their price objective on shares of ONEOK from $104.00 to $113.00 and gave the company an “overweight” rating in a research report on Tuesday, April 7th. Wall Street Zen upgraded ONEOK from a “sell” rating to a “hold” rating in a research note on Tuesday, May 26th. Finally, Wells Fargo & Company reduced their target price on ONEOK from $100.00 to $98.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Eight investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $91.88.

ONEOK Stock Up 2.4%

OKE stock opened at $89.40 on Friday. The stock has a market capitalization of $56.34 billion, a P/E ratio of 15.94, a price-to-earnings-growth ratio of 6.53 and a beta of 0.74. The company has a current ratio of 0.71, a quick ratio of 0.56 and a debt-to-equity ratio of 1.37. ONEOK, Inc. has a 12 month low of $64.02 and a 12 month high of $96.07. The firm has a 50-day moving average price of $88.22 and a 200-day moving average price of $83.51.

ONEOK (NYSE:OKE) last announced its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $1.23 earnings per share (EPS) 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 the consensus estimate of $8.23 billion. ONEOK had a net margin of 10.03% and a return on equity of 16.06%. During the same period last year, the firm posted $1.04 earnings per share. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. As a group, equities research analysts anticipate that ONEOK, Inc. will post 5.72 EPS for the current fiscal year.

ONEOK Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Monday, May 4th were given a $1.07 dividend. The ex-dividend date was Monday, May 4th. This represents a $4.28 dividend on an annualized basis and a yield of 4.8%. 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.