ONEOK, Inc. $OKE Shares Acquired by Crawford Investment Counsel Inc.

Crawford Investment Counsel Inc. increased its holdings in ONEOK, Inc. (NYSE:OKE) by 2.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 292,135 shares of the utilities provider’s stock after acquiring an additional 8,362 shares during the quarter. Crawford Investment Counsel Inc.’s holdings in ONEOK were worth $21,472,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of OKE. Zions Bancorporation National Association UT lifted its stake in shares of ONEOK by 73.3% in the fourth quarter. Zions Bancorporation National Association UT now owns 338 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 143 shares in the last quarter. Elyxium Wealth LLC acquired a new position in shares of ONEOK in the fourth quarter worth about $29,000. Cornerstone Financial Management LLC acquired a new position in shares of ONEOK in the fourth quarter worth about $29,000. SRH Advisors LLC lifted its stake in shares of ONEOK by 122.3% in the fourth quarter. SRH Advisors LLC now owns 438 shares of the utilities provider’s stock worth $32,000 after acquiring an additional 241 shares in the last quarter. Finally, Accredited Wealth Management LLC lifted its stake in shares of ONEOK by 342.5% in the third quarter. Accredited Wealth Management LLC now owns 500 shares of the utilities provider’s stock worth $36,000 after acquiring an additional 387 shares in the last quarter. Institutional investors and hedge funds own 69.13% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on OKE. Raymond James Financial reiterated an “outperform” rating and issued a $92.00 price target on shares of ONEOK in a research note on Thursday, April 30th. Royal Bank Of Canada boosted their price target on ONEOK from $79.00 to $84.00 and gave the stock a “sector perform” rating in a research note on Thursday, March 19th. Mizuho set a $89.00 price target on ONEOK in a research note on Monday, February 23rd. JPMorgan Chase & Co. upped their price objective on ONEOK from $91.00 to $92.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Finally, Freedom Capital upgraded ONEOK from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 5th. Eight research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, ONEOK has a consensus rating of “Hold” and a consensus target price of $91.88.

ONEOK Trading Down 1.4%

Shares of NYSE OKE opened at $86.22 on Wednesday. The stock’s 50 day moving average price is $88.25 and its two-hundred day moving average price is $82.88. ONEOK, Inc. has a 52-week low of $64.02 and a 52-week high of $96.07. The stock has a market capitalization of $54.32 billion, a P/E ratio of 15.37, a PEG ratio of 6.54 and a beta of 0.74. The company has a quick ratio of 0.56, a current ratio of 0.71 and a debt-to-equity ratio of 1.37.

ONEOK (NYSE:OKE) last announced its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $1.23 earnings per share (EPS) 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 firm 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 earned $1.04 EPS. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. On average, analysts anticipate that ONEOK, Inc. will post 5.72 earnings per share for the current fiscal year.

ONEOK Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Monday, May 4th were paid a dividend of $1.07 per share. The ex-dividend date was Monday, May 4th. This represents a $4.28 annualized dividend and a yield of 5.0%. ONEOK’s dividend payout ratio is presently 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.