Focus Partners Wealth Acquires 69,070 Shares of ONEOK, Inc. $OKE

Focus Partners Wealth grew its holdings in shares of ONEOK, Inc. (NYSE:OKE) by 12.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 624,685 shares of the utilities provider’s stock after purchasing an additional 69,070 shares during the quarter. Focus Partners Wealth’s holdings in ONEOK were worth $45,912,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Zions Bancorporation National Association UT boosted its position in 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 purchasing an additional 143 shares during the period. Elyxium Wealth LLC bought a new position in ONEOK during the fourth quarter worth about $29,000. Cornerstone Financial Management LLC bought a new position in ONEOK during the fourth quarter worth about $29,000. SRH Advisors LLC boosted its position in shares of ONEOK by 122.3% in the fourth 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 period. Finally, Accredited Wealth Management LLC boosted its position in shares of ONEOK by 342.5% in the third 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 period. Institutional investors own 69.13% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on OKE shares. TD Cowen raised their price objective on shares of ONEOK from $80.00 to $85.00 and gave the company a “hold” rating in a research report on Thursday, April 30th. Wall Street Zen upgraded shares of ONEOK from a “sell” rating to a “hold” rating in a research report on Tuesday, May 26th. Wells Fargo & Company cut their price objective on shares of ONEOK from $100.00 to $98.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Raymond James Financial restated an “outperform” rating and issued a $92.00 price objective on shares of ONEOK in a research report on Thursday, April 30th. Finally, Royal Bank Of Canada raised their price objective on shares of ONEOK from $79.00 to $84.00 and gave the company a “sector perform” rating in a research report on Thursday, March 19th. Eight research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $91.88.

ONEOK Trading Down 3.5%

Shares of OKE opened at $87.43 on Tuesday. The firm’s 50 day simple moving average is $88.30 and its 200 day simple moving average is $82.78. The company has a market capitalization of $55.08 billion, a P/E ratio of 15.58, a P/E/G ratio of 6.77 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. ONEOK, Inc. has a 1-year low of $64.02 and a 1-year high of $96.07.

ONEOK (NYSE:OKE) last announced its earnings results on Tuesday, April 28th. The utilities provider reported $1.23 earnings per share for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.07). The company had revenue of $9.62 billion during the quarter, compared to analysts’ expectations of $8.23 billion. ONEOK had a net margin of 10.03% and a return on equity of 16.06%. During the same period in the prior year, the business earned $1.04 earnings per share. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. Sell-side analysts forecast that ONEOK, Inc. will post 5.72 earnings per share for the current fiscal year.

ONEOK Announces Dividend

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

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.