Kingswood Wealth Advisors LLC Increases Stock Holdings in ONEOK, Inc. $OKE

Kingswood Wealth Advisors LLC increased its holdings in shares of ONEOK, Inc. (NYSE:OKE) by 71.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,275 shares of the utilities provider’s stock after buying an additional 7,191 shares during the period. Kingswood Wealth Advisors LLC’s holdings in ONEOK were worth $1,270,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. National Pension Service lifted its position in shares of ONEOK by 2.9% during the 3rd quarter. National Pension Service now owns 857,949 shares of the utilities provider’s stock valued at $62,605,000 after buying an additional 24,003 shares in the last quarter. Hudson Edge Investment Partners Inc. lifted its position in shares of ONEOK by 34.1% during the 3rd quarter. Hudson Edge Investment Partners Inc. now owns 87,667 shares of the utilities provider’s stock valued at $6,397,000 after buying an additional 22,282 shares in the last quarter. Nordea Investment Management AB lifted its position in shares of ONEOK by 7.5% during the 3rd quarter. Nordea Investment Management AB now owns 777,262 shares of the utilities provider’s stock valued at $55,885,000 after buying an additional 54,444 shares in the last quarter. Tectonic Advisors LLC lifted its position in shares of ONEOK by 41.1% during the 3rd quarter. Tectonic Advisors LLC now owns 188,842 shares of the utilities provider’s stock valued at $13,780,000 after buying an additional 55,024 shares in the last quarter. Finally, Legal & General Group Plc raised its stake in ONEOK by 1.6% in the 3rd quarter. Legal & General Group Plc now owns 5,218,376 shares of the utilities provider’s stock valued at $380,785,000 after purchasing an additional 80,683 shares during the last quarter. Hedge funds and other institutional investors own 69.13% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Wolfe Research downgraded ONEOK from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, February 25th. Jefferies Financial Group increased their price objective on ONEOK from $98.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, April 8th. Truist Financial assumed coverage on ONEOK in a research note on Tuesday, March 24th. They issued a “hold” rating and a $91.00 price objective for the company. UBS Group reduced their price objective on ONEOK from $114.00 to $103.00 and set a “buy” rating for the company in a research note on Thursday, January 22nd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of ONEOK in a research note on Monday, December 29th. Nine equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, ONEOK presently has a consensus rating of “Moderate Buy” and an average target price of $89.69.

ONEOK Stock Up 1.4%

NYSE OKE opened at $87.29 on Friday. The business has a fifty day moving average price of $86.80 and a 200 day moving average price of $77.67. ONEOK, Inc. has a one year low of $64.02 and a one year high of $95.30. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.56 and a current ratio of 0.71. The company has a market cap of $54.99 billion, a P/E ratio of 16.10, a P/E/G ratio of 6.38 and a beta of 0.84.

ONEOK (NYSE:OKE) last issued its earnings results on Monday, February 23rd. The utilities provider reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.50 by $0.05. ONEOK had a return on equity of 15.29% and a net margin of 10.09%.The business had revenue of $9.07 billion during the quarter, compared to the consensus estimate of $8.77 billion. During the same period last year, the company earned $1.57 EPS. ONEOK has set its FY 2026 guidance at 5.040-5.870 EPS. Research analysts anticipate that ONEOK, Inc. will post 5.64 EPS for the current fiscal year.

ONEOK Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Monday, May 4th will be paid a $1.07 dividend. The ex-dividend date of this dividend is Monday, May 4th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 4.9%. ONEOK’s dividend payout ratio (DPR) is 78.97%.

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.