Visionary Wealth Advisors Takes Position in ONEOK, Inc. $OKE

Visionary Wealth Advisors acquired a new stake in ONEOK, Inc. (NYSE:OKE) in the 2nd quarter, Holdings Channel.com reports. The firm acquired 6,367 shares of the utilities provider’s stock, valued at approximately $554,000.

A number of other institutional investors have also recently added to or reduced their stakes in OKE. Zions Bancorporation National Association UT increased its holdings in ONEOK by 73.3% in the fourth quarter. Zions Bancorporation National Association UT now owns 338 shares of the utilities provider’s stock valued at $25,000 after buying an additional 143 shares in the last quarter. Elyxium Wealth LLC purchased a new stake in shares of ONEOK during the 4th quarter worth approximately $29,000. Cornerstone Financial Management LLC purchased a new stake in shares of ONEOK during the 4th quarter worth approximately $29,000. Portus Wealth Advisors LLC acquired a new stake in shares of ONEOK in the 1st quarter worth approximately $33,000. Finally, Wilkerson Advisory Group LLC grew its holdings in shares of ONEOK by 51.4% in the 1st quarter. Wilkerson Advisory Group LLC now owns 392 shares of the utilities provider’s stock worth $35,000 after acquiring an additional 133 shares during the period. Hedge funds and other institutional investors own 69.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on OKE. Morgan Stanley upped their target price on ONEOK from $103.00 to $105.00 and gave the company an “equal weight” rating in a report on Tuesday, August 18th. Citigroup boosted their price objective on shares of ONEOK from $95.00 to $97.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Royal Bank Of Canada increased their price objective on shares of ONEOK from $84.00 to $90.00 and gave the company a “sector perform” rating in a research note on Tuesday, July 21st. Raymond James Financial restated an “outperform” rating and set a $92.00 target price on shares of ONEOK in a report on Thursday, April 30th. Finally, TD Cowen upped their price target on shares of ONEOK from $85.00 to $90.00 and gave the company a “hold” rating in a report on Thursday, July 16th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, ONEOK has a consensus rating of “Moderate Buy” and a consensus target price of $91.94.

ONEOK Stock Down 0.3%

Shares of NYSE:OKE opened at $93.06 on Tuesday. The company has a quick ratio of 0.59, a current ratio of 0.74 and a debt-to-equity ratio of 1.34. The company has a market capitalization of $58.66 billion, a P/E ratio of 16.05, a P/E/G ratio of 2.60 and a beta of 0.73. ONEOK, Inc. has a 52-week low of $64.02 and a 52-week high of $97.90. The stock’s fifty day simple moving average is $90.20 and its 200-day simple moving average is $88.40.

ONEOK (NYSE:OKE) last announced its earnings results on Monday, August 3rd. The utilities provider reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.07. The firm had revenue of $12.05 billion during the quarter, compared to the consensus estimate of $8.95 billion. ONEOK had a net margin of 9.29% and a return on equity of 16.41%. During the same quarter in the previous year, the company posted $1.34 EPS. ONEOK has set its FY 2026 guidance at 5.680-5.680 EPS. As a group, equities research analysts forecast that ONEOK, Inc. will post 5.84 earnings per share for the current fiscal year.

ONEOK Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Monday, August 3rd were given a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date of this dividend was Monday, August 3rd. ONEOK’s payout ratio is currently 73.79%.

About ONEOK

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.