30,504 Shares in ONEOK, Inc. $OKE Acquired by Vivid Wealth Management LLC

Vivid Wealth Management LLC purchased a new stake in ONEOK, Inc. (NYSE:OKE) during the 1st quarter, Holdings Channel.com reports. The fund purchased 30,504 shares of the utilities provider’s stock, valued at approximately $2,757,000. ONEOK makes up 1.1% of Vivid Wealth Management LLC’s investment portfolio, making the stock its 29th biggest holding.

Several other institutional investors also recently bought and sold shares of OKE. Capital International Investors purchased a new position in shares of ONEOK in the 4th quarter valued at $586,500,000. Norges Bank purchased a new stake in ONEOK during the 4th quarter worth $564,867,000. First Eagle Investment Management LLC boosted its position in ONEOK by 46.3% during the 4th quarter. First Eagle Investment Management LLC now owns 11,365,304 shares of the utilities provider’s stock worth $835,350,000 after purchasing an additional 3,596,089 shares during the period. Danske Bank A S increased its holdings in ONEOK by 3,538.4% in the 4th quarter. Danske Bank A S now owns 1,691,433 shares of the utilities provider’s stock valued at $124,320,000 after purchasing an additional 1,644,945 shares in the last quarter. Finally, Man Group plc raised its position in ONEOK by 292.1% in the second quarter. Man Group plc now owns 1,558,993 shares of the utilities provider’s stock valued at $127,261,000 after purchasing an additional 1,161,352 shares during the period. 69.13% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on OKE shares. Citigroup boosted their price objective on ONEOK from $95.00 to $97.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Scotiabank downgraded ONEOK from a “sector outperform” rating to a “sector perform” rating and dropped their target price for the company from $92.00 to $89.00 in a report on Thursday, April 30th. Freedom Capital upgraded ONEOK from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 5th. Raymond James Financial reissued an “outperform” rating and set a $92.00 price target on shares of ONEOK in a research report on Thursday, April 30th. Finally, JPMorgan Chase & Co. upped their price target on ONEOK from $91.00 to $92.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Eight equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $91.88.

ONEOK Stock Performance

Shares of OKE stock opened at $87.89 on Friday. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.71 and a quick ratio of 0.56. The company’s fifty day moving average price is $88.59 and its two-hundred day moving average price is $84.01. The firm has a market capitalization of $55.38 billion, a P/E ratio of 15.67, a P/E/G ratio of 6.57 and a beta of 0.73. ONEOK, Inc. has a 12 month low of $64.02 and a 12 month high of $96.07.

ONEOK (NYSE:OKE) last announced its 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). ONEOK had a net margin of 10.03% and a return on equity of 16.06%. The business had revenue of $9.62 billion for the quarter, compared to analyst estimates of $8.23 billion. During the same quarter in the prior year, the business earned $1.04 earnings per share. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. On average, research analysts anticipate that ONEOK, Inc. will post 5.72 earnings per share for the current fiscal year.

ONEOK Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Monday, May 4th were paid a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date was Monday, May 4th. ONEOK’s dividend payout ratio (DPR) is 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.