ONEOK, Inc. $OKE Stake Raised by Kestra Advisory Services LLC

Kestra Advisory Services LLC boosted its holdings in shares of ONEOK, Inc. (NYSE:OKE) by 32.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 164,878 shares of the utilities provider’s stock after acquiring an additional 40,092 shares during the quarter. Kestra Advisory Services LLC’s holdings in ONEOK were worth $14,903,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of OKE. Hoxton Planning & Management LLC lifted its position in shares of ONEOK by 2.3% in the fourth quarter. Hoxton Planning & Management LLC now owns 5,372 shares of the utilities provider’s stock worth $395,000 after purchasing an additional 120 shares in the last quarter. Welch Group LLC increased its stake in ONEOK by 0.8% in the 1st quarter. Welch Group LLC now owns 14,859 shares of the utilities provider’s stock valued at $1,343,000 after buying an additional 122 shares during the period. Disciplined Investments LLC lifted its position in ONEOK by 0.6% in the 4th quarter. Disciplined Investments LLC now owns 21,577 shares of the utilities provider’s stock worth $1,586,000 after buying an additional 125 shares in the last quarter. TCV Trust & Wealth Management Inc. lifted its position in ONEOK by 4.2% in the 4th quarter. TCV Trust & Wealth Management Inc. now owns 3,290 shares of the utilities provider’s stock worth $242,000 after buying an additional 133 shares in the last quarter. Finally, Fruth Investment Management boosted its stake in shares of ONEOK by 0.7% during the 1st quarter. Fruth Investment Management now owns 20,015 shares of the utilities provider’s stock valued at $1,809,000 after buying an additional 133 shares during the period. Hedge funds and other institutional investors own 69.13% of the company’s stock.

ONEOK Stock Up 0.5%

Shares of ONEOK stock traded up $0.40 during midday trading on Friday, reaching $89.90. 2,420,531 shares of the company’s stock traded hands, compared to its average volume of 3,645,505. 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 52 week low of $64.02 and a 52 week high of $96.07. The company’s 50 day simple moving average is $88.73 and its 200 day simple moving average is $84.63. The company has a market cap of $56.65 billion, a price-to-earnings ratio of 16.03, a price-to-earnings-growth ratio of 6.72 and a beta of 0.73.

ONEOK (NYSE:OKE) last issued its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $1.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.07). The business had revenue of $9.62 billion during the quarter, compared to the consensus estimate of $8.23 billion. ONEOK had a return on equity of 16.06% and a net margin of 10.03%.During the same quarter in the prior year, the company posted $1.04 earnings per share. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. Equities analysts expect that ONEOK, Inc. will post 5.72 earnings per share for the current fiscal year.

ONEOK Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 4th were issued a dividend of $1.07 per share. The ex-dividend date of this dividend was Monday, May 4th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 4.8%. ONEOK’s dividend payout ratio is currently 76.29%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on OKE. TD Cowen upped their price target on shares of ONEOK from $80.00 to $85.00 and gave the stock a “hold” rating in a research note on Thursday, April 30th. Wells Fargo & Company reduced their price objective on ONEOK from $100.00 to $98.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Citigroup boosted their target price on ONEOK from $95.00 to $97.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Barclays dropped their target price on ONEOK from $90.00 to $88.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Finally, Royal Bank Of Canada raised their price target on ONEOK from $79.00 to $84.00 and gave the stock a “sector perform” rating in a research note on Thursday, March 19th. Eight research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $91.75.

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.