ONEOK, Inc. $OKE Shares Acquired by World Investment Advisors

World Investment Advisors increased its position in shares of ONEOK, Inc. (NYSE:OKE) by 78.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 20,615 shares of the utilities provider’s stock after buying an additional 9,083 shares during the period. World Investment Advisors’ holdings in ONEOK were worth $1,515,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Zions Bancorporation National Association UT boosted its position in ONEOK by 73.3% in the 4th 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 during the last quarter. Elyxium Wealth LLC purchased a new stake in shares of ONEOK during the fourth quarter worth about $29,000. Cornerstone Financial Management LLC purchased a new stake in shares of ONEOK during the fourth quarter worth about $29,000. SRH Advisors LLC lifted its stake in shares of ONEOK by 122.3% in the fourth quarter. SRH Advisors LLC now owns 438 shares of the utilities provider’s stock worth $32,000 after acquiring an additional 241 shares in the last quarter. Finally, Accredited Wealth Management LLC lifted its stake in shares of ONEOK by 342.5% in the third quarter. Accredited Wealth Management LLC now owns 500 shares of the utilities provider’s stock worth $36,000 after acquiring an additional 387 shares in the last quarter. Institutional investors and hedge funds own 69.13% of the company’s stock.

Analyst Upgrades and Downgrades

OKE has been the subject of a number of recent analyst reports. Wall Street Zen upgraded ONEOK from a “sell” rating to a “hold” rating in a research note on Tuesday, May 26th. Scotiabank lowered ONEOK from a “sector outperform” rating to a “sector perform” rating and cut their target price for the company from $92.00 to $89.00 in a research report on Thursday, April 30th. Wells Fargo & Company reduced their target price on ONEOK from $100.00 to $98.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. Jefferies Financial Group raised their price target on shares of ONEOK from $98.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, April 8th. Finally, Weiss Ratings raised shares of ONEOK from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, May 18th. Eight analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $91.88.

ONEOK Stock Up 0.0%

Shares of ONEOK stock opened at $85.06 on Friday. The business’s fifty day moving average price is $88.05 and its two-hundred day moving average price is $83.08. 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 has a market capitalization of $53.59 billion, a P/E ratio of 15.16, a PEG ratio of 6.36 and a beta of 0.74. ONEOK, Inc. has a 1-year low of $64.02 and a 1-year high of $96.07.

ONEOK (NYSE:OKE) last released 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 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 period in the previous year, the company posted $1.04 EPS. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. As a group, research analysts forecast that ONEOK, Inc. will post 5.72 EPS for the current year.

ONEOK Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 4th were given a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date was Monday, May 4th. ONEOK’s dividend payout ratio 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.