International Assets Investment Management LLC Acquires 18,132 Shares of ONEOK, Inc. $OKE

International Assets Investment Management LLC lifted its holdings in ONEOK, Inc. (NYSE:OKE) by 42.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 60,557 shares of the utilities provider’s stock after buying an additional 18,132 shares during the period. International Assets Investment Management LLC’s holdings in ONEOK were worth $4,451,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. TCV Trust & Wealth Management Inc. increased its holdings in shares of ONEOK by 4.2% in the 4th quarter. TCV Trust & Wealth Management Inc. now owns 3,290 shares of the utilities provider’s stock worth $242,000 after buying an additional 133 shares during the last quarter. Empowered Funds LLC increased its holdings 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 worth $1,782,000 after buying an additional 137 shares during the last quarter. Fourpath Capital Management LLC increased its holdings in shares of ONEOK by 1.6% in the 4th quarter. Fourpath Capital Management LLC now owns 8,628 shares of the utilities provider’s stock worth $634,000 after buying an additional 140 shares during the last quarter. JFS Wealth Advisors LLC grew its holdings in ONEOK by 8.4% during the 4th quarter. JFS Wealth Advisors LLC now owns 1,864 shares of the utilities provider’s stock valued at $137,000 after purchasing an additional 144 shares during the last quarter. Finally, Avion Wealth grew its holdings in ONEOK by 20.3% during the 4th quarter. Avion Wealth now owns 882 shares of the utilities provider’s stock valued at $64,000 after purchasing an additional 149 shares during the last quarter. 69.13% of the stock is currently owned by institutional investors.

ONEOK Price Performance

Shares of OKE stock opened at $85.97 on Friday. 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 company has a market capitalization of $54.16 billion, a P/E ratio of 15.32, a P/E/G ratio of 6.07 and a beta of 0.78. The company’s 50-day simple moving average is $87.19 and its two-hundred day simple moving average is $78.82. ONEOK, Inc. has a one year low of $64.02 and a one year high of $95.30.

ONEOK (NYSE:OKE) last issued its earnings results on Tuesday, April 28th. The utilities provider reported $1.23 EPS 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 the consensus estimate of $8.23 billion. ONEOK had a return on equity of 16.06% and a net margin of 10.03%.During the same quarter in the prior year, the company earned $1.04 earnings per share. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. As a group, equities analysts anticipate that ONEOK, Inc. will post 5.9 EPS for the current year.

ONEOK Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Monday, May 4th will be paid a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date is Monday, May 4th. ONEOK’s dividend payout ratio is currently 76.29%.

Analyst Ratings Changes

Several brokerages recently commented on OKE. Jefferies Financial Group upped their price target on shares of ONEOK from $98.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, April 8th. Raymond James Financial reiterated an “outperform” rating and set a $92.00 price target on shares of ONEOK in a report on Thursday, April 30th. TD Cowen upped their price target on shares of ONEOK from $80.00 to $85.00 and gave the company a “hold” rating in a report on Thursday, April 30th. Morgan Stanley upped their price target on shares of ONEOK from $104.00 to $113.00 and gave the company an “overweight” rating in a report on Tuesday, April 7th. Finally, Mizuho set a $89.00 price target on shares of ONEOK in a report on Monday, February 23rd. Seven research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $91.31.

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.