Visionary Wealth Advisors purchased a new position in ONEOK, Inc. (NYSE:OKE – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 6,367 shares of the utilities provider’s stock, valued at approximately $554,000.
A number of other large investors have also modified their holdings of the stock. Zions Bancorporation National Association UT grew its position in shares of ONEOK by 73.3% during the fourth quarter. Zions Bancorporation National Association UT now owns 338 shares of the utilities provider’s stock worth $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 $29,000. Cornerstone Financial Management LLC purchased a new stake in shares of ONEOK during the 4th quarter worth $29,000. Portus Wealth Advisors LLC acquired a new position in shares of ONEOK during the first quarter worth $33,000. Finally, Wilkerson Advisory Group LLC increased its holdings in ONEOK by 51.4% in the first quarter. Wilkerson Advisory Group LLC now owns 392 shares of the utilities provider’s stock valued at $35,000 after buying an additional 133 shares during the last quarter. Hedge funds and other institutional investors own 69.13% of the company’s stock.
Analyst Ratings Changes
OKE has been the topic of a number of analyst reports. US Capital Advisors cut ONEOK from a “strong-buy” rating to a “moderate buy” rating in a research note on Thursday, August 20th. TD Cowen raised their target price on ONEOK from $85.00 to $90.00 and gave the stock a “hold” rating in a research report on Thursday, July 16th. Wall Street Zen upgraded ONEOK from a “sell” rating to a “hold” rating in a research note on Sunday, August 9th. Morgan Stanley upped their price target on ONEOK from $103.00 to $105.00 and gave the company an “equal weight” rating in a report on Tuesday, August 18th. Finally, Royal Bank Of Canada increased their price target 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. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $91.94.
ONEOK Stock Down 0.3%
Shares of ONEOK stock opened at $93.06 on Tuesday. ONEOK, Inc. has a one year low of $64.02 and a one year high of $97.90. The company has a market cap of $58.66 billion, a P/E ratio of 16.05, a PEG ratio of 2.60 and a beta of 0.73. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.59 and a current ratio of 0.74. The firm has a fifty day moving average of $90.20 and a two-hundred day moving average of $88.40.
ONEOK (NYSE:OKE – Get Free Report) last posted its quarterly earnings results on Monday, August 3rd. The utilities provider reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.07. The firm had revenue of $12.05 billion during the quarter, compared to analysts’ expectations of $8.95 billion. ONEOK had a net margin of 9.29% and a return on equity of 16.41%. During the same period in the prior year, the company posted $1.34 earnings per share. ONEOK has set its FY 2026 guidance at 5.680-5.680 EPS. On average, analysts forecast that ONEOK, Inc. will post 5.84 earnings per share for the current year.
ONEOK Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Monday, August 3rd were issued a $1.07 dividend. This represents a $4.28 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend was Monday, August 3rd. ONEOK’s dividend payout ratio (DPR) is currently 73.79%.
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.
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