Texas Yale Capital Corp. raised its holdings in shares of ONEOK, Inc. (NYSE:OKE – Free Report) by 7.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 124,548 shares of the utilities provider’s stock after buying an additional 9,025 shares during the period. Texas Yale Capital Corp.’s holdings in ONEOK were worth $9,154,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of OKE. Winnow Wealth LLC purchased a new stake in shares of ONEOK in the third quarter valued at approximately $28,000. Elyxium Wealth LLC purchased a new stake in shares of ONEOK in the fourth quarter valued at approximately $29,000. SRH Advisors LLC boosted its holdings in shares of ONEOK by 122.3% in the fourth quarter. SRH Advisors LLC now owns 438 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 241 shares during the period. AXS Investments LLC purchased a new stake in shares of ONEOK in the third quarter valued at approximately $35,000. Finally, Accredited Wealth Management LLC boosted its holdings 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 valued at $36,000 after purchasing an additional 387 shares during the period. Hedge funds and other institutional investors own 69.13% of the company’s stock.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on the company. Royal Bank Of Canada boosted their price target on ONEOK from $79.00 to $84.00 and gave the company a “sector perform” rating in a report on Thursday, March 19th. Truist Financial boosted their price target on ONEOK from $91.00 to $93.00 and gave the company a “hold” rating in a report on Monday, May 4th. Barclays boosted their price target on ONEOK from $82.00 to $90.00 and gave the company an “equal weight” rating in a report on Thursday, April 30th. Weiss Ratings upgraded ONEOK from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 18th. Finally, Wells Fargo & Company lowered their price target on ONEOK from $100.00 to $98.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. Eight research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $91.88.
ONEOK Stock Performance
Shares of ONEOK stock opened at $84.05 on Friday. The company has a market capitalization of $52.95 billion, a PE ratio of 14.98, a P/E/G ratio of 6.23 and a beta of 0.78. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.56 and a current ratio of 0.71. The company has a 50-day simple moving average of $88.85 and a two-hundred day simple moving average of $81.26. ONEOK, Inc. has a one year low of $64.02 and a one year high of $96.07.
ONEOK (NYSE:OKE – Get Free Report) last announced its earnings results on Tuesday, April 28th. The utilities provider reported $1.23 EPS for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.07). The firm 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 firm posted $1.04 earnings per share. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. Research analysts expect that ONEOK, Inc. will post 5.76 EPS for the current fiscal year.
ONEOK Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 4th were given 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 5.1%. ONEOK’s dividend payout ratio is presently 76.29%.
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.
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