ONEOK, Inc. $OKE Shares Acquired by Royal Fund Management LLC

Royal Fund Management LLC boosted its stake in ONEOK, Inc. (NYSE:OKE) by 40.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 80,383 shares of the utilities provider’s stock after acquiring an additional 23,281 shares during the quarter. Royal Fund Management LLC’s holdings in ONEOK were worth $5,907,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of OKE. Empowered Funds LLC lifted its stake 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 acquiring an additional 137 shares during the period. Focused Wealth Management Inc increased its stake in shares of ONEOK by 4.3% during the third quarter. Focused Wealth Management Inc now owns 3,441 shares of the utilities provider’s stock valued at $251,000 after acquiring an additional 142 shares during the period. JFS Wealth Advisors LLC increased its stake in shares of ONEOK by 8.4% during the fourth quarter. JFS Wealth Advisors LLC now owns 1,864 shares of the utilities provider’s stock valued at $137,000 after acquiring an additional 144 shares during the period. Silver Lake Advisory LLC raised its holdings in ONEOK by 1.4% during the third quarter. Silver Lake Advisory LLC now owns 10,788 shares of the utilities provider’s stock worth $787,000 after purchasing an additional 147 shares in the last quarter. Finally, Alternative Investment Advisors LLC. raised its holdings in ONEOK by 1.2% during the second quarter. Alternative Investment Advisors LLC. now owns 12,479 shares of the utilities provider’s stock worth $1,019,000 after purchasing an additional 148 shares in the last quarter. Institutional investors and hedge funds own 69.13% of the company’s stock.

ONEOK Trading Down 1.1%

ONEOK stock opened at $92.91 on Tuesday. The firm has a market cap of $58.51 billion, a price-to-earnings ratio of 17.14, a price-to-earnings-growth ratio of 7.13 and a beta of 0.93. ONEOK, Inc. has a 1 year low of $64.02 and a 1 year high of $100.57. The firm’s 50 day moving average price is $84.27 and its two-hundred day moving average price is $76.01. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.56 and a current ratio of 0.71.

ONEOK (NYSE:OKE) last announced its quarterly earnings data on Monday, February 23rd. The utilities provider reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.50 by $0.05. The company had revenue of $9.07 billion during the quarter, compared to the consensus estimate of $8.77 billion. ONEOK had a return on equity of 15.29% and a net margin of 10.09%.During the same quarter in the prior year, the firm earned $1.57 EPS. ONEOK has set its FY 2026 guidance at 5.040-5.870 EPS. On average, research analysts predict that ONEOK, Inc. will post 5.07 EPS for the current fiscal year.

ONEOK Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Monday, February 2nd were given a $1.07 dividend. This is a positive change from ONEOK’s previous quarterly dividend of $1.03. The ex-dividend date was Monday, February 2nd. This represents a $4.28 dividend on an annualized basis and a dividend yield of 4.6%. ONEOK’s dividend payout ratio is 78.97%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. UBS Group decreased their price target on ONEOK from $114.00 to $103.00 and set a “buy” rating for the company in a research note on Thursday, January 22nd. Mizuho set a $89.00 price objective on ONEOK in a research note on Monday, February 23rd. JPMorgan Chase & Co. lowered ONEOK from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $87.00 to $83.00 in a report on Tuesday, January 27th. Royal Bank Of Canada raised their target price on ONEOK from $79.00 to $84.00 and gave the company a “sector perform” rating in a research note on Thursday, March 19th. Finally, Barclays lifted their target price on ONEOK from $76.00 to $82.00 and gave the stock an “equal weight” rating in a report on Thursday, March 5th. Nine analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, ONEOK presently has an average rating of “Moderate Buy” and a consensus price target of $88.94.

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.