Kiley Juergens Wealth Management LLC Purchases New Position in ONEOK, Inc. $OKE

Kiley Juergens Wealth Management LLC purchased a new position in ONEOK, Inc. (NYSE:OKE) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 5,707 shares of the utilities provider’s stock, valued at approximately $516,000.

Several other large investors also recently added to or reduced their stakes in the stock. O Domhnaill Enterprises Inc. bought a new stake in shares of ONEOK in the 1st quarter valued at approximately $124,000. PUREfi Wealth LLC bought a new position in shares of ONEOK during the 1st quarter valued at approximately $226,000. Kathmere Capital Management LLC increased its position in shares of ONEOK by 4.8% during the 1st quarter. Kathmere Capital Management LLC now owns 5,049 shares of the utilities provider’s stock valued at $456,000 after purchasing an additional 229 shares during the last quarter. Abel Hall LLC purchased a new stake in ONEOK during the 1st quarter valued at $242,000. Finally, Whittier Trust Co. of Nevada Inc. raised its holdings in ONEOK by 4.7% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 4,340 shares of the utilities provider’s stock valued at $384,000 after buying an additional 193 shares during the period. 69.13% of the stock is owned by institutional investors.

ONEOK Stock Up 3.8%

Shares of NYSE OKE opened at $90.73 on Wednesday. ONEOK, Inc. has a 52-week low of $64.02 and a 52-week high of $96.07. The firm has a market capitalization of $57.17 billion, a price-to-earnings ratio of 16.17, a PEG ratio of 6.54 and a beta of 0.73. The stock has a 50 day moving average price of $88.66 and a 200 day moving average price of $84.33. 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 (NYSE:OKE) last released its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $1.23 EPS for the quarter, missing the consensus estimate of $1.30 by ($0.07). The firm had revenue of $9.62 billion for the quarter, compared to analysts’ expectations 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 previous year, the business earned $1.04 earnings per share. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. Sell-side analysts expect that ONEOK, Inc. will post 5.72 earnings per share for the current year.

ONEOK Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 4th were paid a dividend of $1.07 per share. The ex-dividend date was Monday, May 4th. This represents a $4.28 annualized dividend and a dividend yield of 4.7%. ONEOK’s dividend payout ratio (DPR) is currently 76.29%.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Freedom Capital raised shares of ONEOK from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 5th. TD Cowen increased their target price on shares of ONEOK from $80.00 to $85.00 and gave the company a “hold” rating in a research note on Thursday, April 30th. Citigroup raised their target price on shares of ONEOK from $95.00 to $97.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Weiss Ratings raised shares of ONEOK from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 18th. Finally, Truist Financial upped their price target on shares of ONEOK from $91.00 to $93.00 and gave the company a “hold” rating in a report on Monday, May 4th. Eight analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $91.88.

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.