ONEOK, Inc. $OKE Stock Holdings Lifted by MGO One Seven LLC

MGO One Seven LLC grew its position in ONEOK, Inc. (NYSE:OKE) by 13.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 50,515 shares of the utilities provider’s stock after acquiring an additional 6,170 shares during the quarter. MGO One Seven LLC’s holdings in ONEOK were worth $3,713,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Winnow Wealth LLC bought a new stake in shares of ONEOK in the 3rd quarter valued at approximately $28,000. SRH Advisors LLC raised its position in ONEOK by 122.3% during 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 in the last quarter. AXS Investments LLC acquired a new stake in ONEOK in the third quarter valued at approximately $35,000. Accredited Wealth Management LLC lifted its stake in 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 last quarter. Finally, Steigerwald Gordon & Koch Inc. bought a new stake in ONEOK in the third quarter worth approximately $38,000. 69.13% of the stock is owned by hedge funds and other institutional investors.

ONEOK Stock Performance

NYSE:OKE opened at $85.09 on Friday. The firm’s 50-day moving average is $87.19 and its 200-day moving average is $78.82. ONEOK, Inc. has a 52-week low of $64.02 and a 52-week high of $95.30. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.56 and a current ratio of 0.71. The company has a market cap of $53.61 billion, a price-to-earnings ratio of 15.17, a PEG ratio of 6.04 and a beta of 0.78.

ONEOK (NYSE:OKE) last released its earnings results on Tuesday, April 28th. The utilities provider reported $1.23 earnings per share 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 company 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. Equities research analysts anticipate that ONEOK, Inc. will post 5.9 earnings per share for the current year.

ONEOK Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Monday, May 4th will be issued a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a dividend yield of 5.0%. The ex-dividend date of this dividend is Monday, May 4th. ONEOK’s dividend payout ratio (DPR) is presently 76.29%.

Analysts Set New Price Targets

Several research analysts have recently commented on OKE shares. Barclays increased their price target on shares of ONEOK from $82.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 30th. Raymond James Financial reiterated an “outperform” rating and issued a $92.00 price objective on shares of ONEOK in a report on Thursday, April 30th. Weiss Ratings reissued a “hold (c+)” rating on shares of ONEOK in a research report on Monday, May 4th. Scotiabank cut ONEOK from a “sector outperform” rating to a “sector perform” rating and reduced their price target for the stock from $92.00 to $89.00 in a research report on Thursday, April 30th. Finally, TD Cowen upped their price target on ONEOK from $80.00 to $85.00 and gave the stock a “hold” rating in a research note on Thursday, April 30th. Seven equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $91.88.

ONEOK 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.