ONEOK, Inc. $OKE Stock Position Increased by SFE Investment Counsel

SFE Investment Counsel raised its holdings in ONEOK, Inc. (NYSE:OKE) by 7.8% during the 4th quarter, HoldingsChannel.com reports. The fund owned 206,515 shares of the utilities provider’s stock after buying an additional 14,888 shares during the period. ONEOK makes up approximately 2.3% of SFE Investment Counsel’s holdings, making the stock its 9th biggest holding. SFE Investment Counsel’s holdings in ONEOK were worth $15,179,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Winnow Wealth LLC bought a new position in ONEOK in the 3rd quarter valued at $28,000. SRH Advisors LLC grew its position in ONEOK by 122.3% in the 4th quarter. SRH Advisors LLC now owns 438 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 241 shares during the last quarter. AXS Investments LLC bought a new position in ONEOK in the 3rd quarter valued at $35,000. Accredited Wealth Management LLC grew its position in ONEOK by 342.5% in the 3rd quarter. Accredited Wealth Management LLC now owns 500 shares of the utilities provider’s stock valued at $36,000 after acquiring an additional 387 shares during the last quarter. Finally, Texas Capital Bancshares Inc TX bought a new position in ONEOK in the 3rd quarter valued at $39,000. Institutional investors own 69.13% of the company’s stock.

ONEOK Price Performance

OKE opened at $88.83 on Thursday. ONEOK, Inc. has a 12-month low of $64.02 and a 12-month high of $95.30. The company has a current ratio of 0.71, a quick ratio of 0.56 and a debt-to-equity ratio of 1.37. The business’s fifty day simple moving average is $87.49 and its 200-day simple moving average is $79.33. The company has a market capitalization of $55.96 billion, a price-to-earnings ratio of 15.83, a PEG ratio of 6.33 and a beta of 0.78.

ONEOK (NYSE:OKE) last posted its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $1.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.07). ONEOK had a return on equity of 16.06% and a net margin of 10.03%.The firm had revenue of $9.62 billion for the quarter, compared to the consensus estimate of $8.23 billion. During the same period in the previous year, the company posted $1.04 EPS. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. On average, equities research analysts anticipate that ONEOK, Inc. will post 5.85 earnings per share for the current fiscal year.

ONEOK Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Monday, May 4th will be given a dividend of $1.07 per share. 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 4.8%. ONEOK’s dividend payout ratio is presently 76.29%.

Analysts Set New Price Targets

OKE has been the topic of several research analyst reports. UBS Group cut their price objective on ONEOK from $114.00 to $103.00 and set a “buy” rating on the stock in a research report on Thursday, January 22nd. Scotiabank downgraded ONEOK from a “sector outperform” rating to a “sector perform” rating and cut their price objective for the company from $92.00 to $89.00 in a research report on Thursday, April 30th. Wells Fargo & Company cut their price objective on ONEOK from $100.00 to $98.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Royal Bank Of Canada increased their price target on ONEOK from $79.00 to $84.00 and gave the stock a “sector perform” rating in a research report on Thursday, March 19th. Finally, Wall Street Zen raised ONEOK from a “sell” rating to a “hold” rating in a research report on Sunday. Seven equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $91.88.

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.