One Capital Management LLC Has $952,000 Position in ONEOK, Inc. $OKE

One Capital Management LLC increased its position in shares of ONEOK, Inc. (NYSE:OKE) by 122.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 12,959 shares of the utilities provider’s stock after purchasing an additional 7,141 shares during the quarter. One Capital Management LLC’s holdings in ONEOK were worth $952,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in OKE. Elyxium Wealth LLC acquired a new stake in ONEOK during the 4th quarter worth approximately $29,000. SRH Advisors LLC lifted its holdings in ONEOK by 122.3% during the 4th quarter. SRH Advisors LLC now owns 438 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 241 shares during the last quarter. Accredited Wealth Management LLC lifted its holdings in ONEOK by 342.5% during the 3rd quarter. Accredited Wealth Management LLC now owns 500 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 387 shares during the last quarter. Texas Capital Bancshares Inc TX acquired a new stake in ONEOK during the 3rd quarter worth approximately $39,000. Finally, Quest 10 Wealth Builders Inc. lifted its holdings in ONEOK by 54.6% during the 4th quarter. Quest 10 Wealth Builders Inc. now owns 609 shares of the utilities provider’s stock worth $45,000 after purchasing an additional 215 shares during the last quarter. 69.13% of the stock is owned by institutional investors and hedge funds.

ONEOK Price Performance

Shares of NYSE OKE opened at $86.99 on Thursday. The stock has a market capitalization of $54.81 billion, a PE ratio of 15.51, a P/E/G ratio of 6.48 and a beta of 0.74. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.71 and a quick ratio of 0.56. The business has a fifty day moving average price of $88.67 and a two-hundred day moving average price of $81.72. ONEOK, Inc. has a fifty-two week low of $64.02 and a fifty-two week high of $96.07.

ONEOK (NYSE:OKE) last issued its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.30 by ($0.07). ONEOK had a net margin of 10.03% and a return on equity of 16.06%. The business had revenue of $9.62 billion during the quarter, compared to the consensus estimate of $8.23 billion. During the same quarter in the previous year, the business posted $1.04 EPS. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. As a group, equities analysts predict that ONEOK, Inc. will post 5.72 earnings per share for the current fiscal year.

ONEOK Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 4th were paid a $1.07 dividend. The ex-dividend date was Monday, May 4th. This represents a $4.28 annualized dividend and a dividend yield of 4.9%. ONEOK’s dividend payout ratio (DPR) is presently 76.29%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on OKE shares. Royal Bank Of Canada lifted their price target on ONEOK from $79.00 to $84.00 and gave the stock a “sector perform” rating in a report on Thursday, March 19th. Barclays lifted their price target on ONEOK from $82.00 to $90.00 and gave the stock an “equal weight” rating in a report on Thursday, April 30th. Mizuho set a $89.00 price target on ONEOK in a report on Monday, February 23rd. Truist Financial lifted their price objective on ONEOK from $91.00 to $93.00 and gave the company a “hold” rating in a report on Monday, May 4th. Finally, Freedom Capital raised ONEOK from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 5th. Eight investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $91.88.

ONEOK Company 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.