TABR Capital Management LLC Makes New $805,000 Investment in ONEOK, Inc. $OKE

TABR Capital Management LLC bought a new position in shares of ONEOK, Inc. (NYSE:OKE) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 10,946 shares of the utilities provider’s stock, valued at approximately $805,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Empowered Funds LLC boosted its position in shares of ONEOK by 0.8% in the 1st quarter. Empowered Funds LLC now owns 17,957 shares of the utilities provider’s stock valued at $1,782,000 after purchasing an additional 137 shares during the period. Focused Wealth Management Inc increased its position in ONEOK by 4.3% during the third quarter. Focused Wealth Management Inc now owns 3,441 shares of the utilities provider’s stock worth $251,000 after buying an additional 142 shares during the period. Silver Lake Advisory LLC lifted its stake in ONEOK by 1.4% in the third quarter. Silver Lake Advisory LLC now owns 10,788 shares of the utilities provider’s stock valued at $787,000 after buying an additional 147 shares during the last quarter. Alternative Investment Advisors LLC. lifted its stake in ONEOK by 1.2% in the second quarter. Alternative Investment Advisors LLC. now owns 12,479 shares of the utilities provider’s stock valued at $1,019,000 after buying an additional 148 shares during the last quarter. Finally, JFS Wealth Advisors LLC boosted its holdings in shares of ONEOK by 9.6% in the third quarter. JFS Wealth Advisors LLC now owns 1,720 shares of the utilities provider’s stock valued at $126,000 after acquiring an additional 150 shares during the period. 69.13% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Wells Fargo & Company raised their target price on shares of ONEOK from $79.00 to $81.00 and gave the stock an “equal weight” rating in a research report on Friday, March 13th. Wolfe Research downgraded shares of ONEOK from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, February 25th. UBS Group lowered their price objective on shares of ONEOK from $114.00 to $103.00 and set a “buy” rating on the stock in a research report on Thursday, January 22nd. Royal Bank Of Canada lifted their price objective on shares of ONEOK from $79.00 to $84.00 and gave the company a “sector perform” rating in a research note on Thursday. Finally, Scotiabank reaffirmed an “outperform” rating and issued a $91.00 target price on shares of ONEOK in a report on Friday, January 16th. Eight investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, ONEOK currently has a consensus rating of “Hold” and a consensus price target of $87.53.

ONEOK Price Performance

ONEOK stock opened at $89.22 on Monday. ONEOK, Inc. has a 12 month low of $64.02 and a 12 month high of $103.64. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.71 and a quick ratio of 0.56. The business has a 50 day simple moving average of $82.10 and a 200-day simple moving average of $75.18. The stock has a market capitalization of $56.19 billion, a PE ratio of 16.46, a price-to-earnings-growth ratio of 6.79 and a beta of 0.93.

ONEOK (NYSE:OKE) last posted its quarterly earnings data on Monday, February 23rd. The utilities provider reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.50 by $0.05. The firm had revenue of $9.07 billion for the quarter, compared to analyst estimates of $8.77 billion. ONEOK had a net margin of 10.09% and a return on equity of 15.29%. During the same period last year, the firm posted $1.57 EPS. ONEOK has set its FY 2026 guidance at 5.040-5.870 EPS. Equities analysts predict that ONEOK, Inc. will post 5.07 earnings per share for the current year.

ONEOK Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Monday, February 2nd were paid a $1.07 dividend. This is a boost from ONEOK’s previous quarterly dividend of $1.03. The ex-dividend date was Monday, February 2nd. This represents a $4.28 annualized dividend and a dividend yield of 4.8%. ONEOK’s dividend payout ratio (DPR) is 78.97%.

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.