Havemeyer Place LP Purchases Shares of 16,011 ONEOK, Inc. $OKE

Havemeyer Place LP bought a new position in ONEOK, Inc. (NYSE:OKE) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 16,011 shares of the utilities provider’s stock, valued at approximately $1,177,000.

Other large investors have also made changes to their positions in the company. Elyxium Wealth LLC bought a new stake in shares of ONEOK in the 4th quarter worth about $29,000. SRH Advisors LLC grew its holdings in shares of ONEOK by 122.3% in 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 grew its holdings in shares of ONEOK by 342.5% in 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 bought a new stake in ONEOK during the 3rd quarter worth about $39,000. Finally, Quest 10 Wealth Builders Inc. grew 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 acquiring an additional 215 shares during the last quarter. Institutional investors own 69.13% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Freedom Capital raised shares of ONEOK from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 5th. Truist Financial increased their price objective on shares of ONEOK from $91.00 to $93.00 and gave the stock a “hold” rating in a report on Monday, May 4th. Wells Fargo & Company decreased their price objective on shares of ONEOK from $100.00 to $98.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Barclays increased their price objective on shares of ONEOK from $82.00 to $90.00 and gave the stock an “equal weight” rating in a report on Thursday, April 30th. Finally, Citigroup increased their price objective on shares of ONEOK from $95.00 to $97.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Eight analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $91.88.

ONEOK Stock Performance

ONEOK stock opened at $88.26 on Monday. The company has a current ratio of 0.71, a quick ratio of 0.56 and a debt-to-equity ratio of 1.37. ONEOK, Inc. has a 1 year low of $64.02 and a 1 year high of $96.07. The company has a market cap of $55.61 billion, a PE ratio of 15.73, a PEG ratio of 6.60 and a beta of 0.74. The company’s 50-day moving average is $88.56 and its two-hundred day moving average is $81.98.

ONEOK (NYSE:OKE) last released its 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 net margin of 10.03% and a return on equity of 16.06%. The business had revenue of $9.62 billion for the quarter, compared to analyst estimates of $8.23 billion. During the same quarter in the previous year, the company posted $1.04 earnings per share. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. Equities analysts anticipate that ONEOK, Inc. will post 5.72 earnings per share for the current year.

ONEOK Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 4th were given a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date was Monday, May 4th. ONEOK’s dividend payout ratio (DPR) is currently 76.29%.

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.