ONEOK, Inc. $OKE Shares Bought by MGO One Seven LLC

MGO One Seven LLC increased its holdings in ONEOK, Inc. (NYSE:OKE) by 13.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,515 shares of the utilities provider’s stock after purchasing an additional 6,170 shares during the quarter. MGO One Seven LLC’s holdings in ONEOK were worth $3,713,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in OKE. Winnow Wealth LLC acquired a new stake in shares of ONEOK during the 3rd quarter valued at $28,000. SRH Advisors LLC raised its position in shares of ONEOK by 122.3% during the fourth 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 period. AXS Investments LLC purchased a new stake in shares of ONEOK during the third quarter valued at $35,000. Accredited Wealth Management LLC boosted its position 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 valued at $36,000 after purchasing an additional 387 shares during the period. Finally, Steigerwald Gordon & Koch Inc. acquired a new position in shares of ONEOK in the 3rd quarter valued at $38,000. 69.13% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

OKE has been the topic of several recent analyst reports. UBS Group cut their price objective on ONEOK from $114.00 to $103.00 and set a “buy” rating on the stock in a report on Thursday, January 22nd. Morgan Stanley raised their target price on shares of ONEOK from $104.00 to $113.00 and gave the stock an “overweight” rating in a report on Tuesday, April 7th. Wolfe Research lowered shares of ONEOK from an “outperform” rating to a “peer perform” rating in a report on Wednesday, February 25th. Wall Street Zen upgraded shares of ONEOK from a “sell” rating to a “hold” rating in a research report on Sunday. Finally, Jefferies Financial Group raised their price objective on shares of ONEOK from $98.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, April 8th. Seven analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $91.88.

ONEOK Trading Down 0.9%

Shares of NYSE OKE opened at $85.09 on Friday. ONEOK, Inc. has a one year low of $64.02 and a one year high of $95.30. The firm has a market capitalization of $53.61 billion, a PE ratio of 15.17, a PEG ratio of 6.04 and a beta of 0.78. The company has a current ratio of 0.71, a quick ratio of 0.56 and a debt-to-equity ratio of 1.37. The business has a 50-day moving average price of $87.19 and a two-hundred day moving average price of $78.82.

ONEOK (NYSE:OKE) last issued 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 business had revenue of $9.62 billion during the quarter, compared to analyst estimates of $8.23 billion. ONEOK had a net margin of 10.03% and a return on equity of 16.06%. During the same quarter in the prior year, the company earned $1.04 EPS. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. As a group, analysts predict that ONEOK, Inc. will post 5.9 earnings per share for the current fiscal year.

ONEOK Announces Dividend

The business also recently disclosed 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 annualized dividend and a yield of 5.0%. The ex-dividend date is Monday, May 4th. ONEOK’s dividend payout ratio is currently 76.29%.

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.