ONEOK, Inc. $OKE Shares Bought by North Star Investment Management Corp.

North Star Investment Management Corp. boosted its holdings in shares of ONEOK, Inc. (NYSE:OKE) by 414.3% during the first quarter, HoldingsChannel.com reports. The firm owned 29,673 shares of the utilities provider’s stock after purchasing an additional 23,903 shares during the period. North Star Investment Management Corp.’s holdings in ONEOK were worth $2,682,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Continuum Advisory LLC acquired a new position in shares of ONEOK during the 1st quarter worth approximately $226,000. Portus Wealth Advisors LLC acquired a new stake in ONEOK in the 1st quarter valued at $33,000. Apollon Wealth Management LLC increased its holdings in ONEOK by 6.7% in the 1st quarter. Apollon Wealth Management LLC now owns 49,858 shares of the utilities provider’s stock worth $4,507,000 after acquiring an additional 3,120 shares in the last quarter. Patton Fund Management Inc. purchased a new stake in ONEOK in the 1st quarter worth $351,000. Finally, Bay Capital Advisors LLC acquired a new position in ONEOK during the first quarter worth $219,000. 69.13% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

OKE has been the topic of several recent analyst reports. Barclays increased their price objective on shares of ONEOK from $82.00 to $90.00 and gave the company an “equal weight” rating in a report on Thursday, April 30th. Weiss Ratings raised shares of ONEOK from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 18th. JPMorgan Chase & Co. upped their price target on shares of ONEOK from $91.00 to $92.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Wall Street Zen raised shares of ONEOK from a “sell” rating to a “hold” rating in a research note on Tuesday, May 26th. Finally, Citigroup lifted their price objective on ONEOK from $95.00 to $97.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Eight analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $91.88.

ONEOK Trading Down 0.0%

Shares of OKE opened at $89.18 on Monday. ONEOK, Inc. has a 52-week low of $64.02 and a 52-week high of $96.07. The stock has a market cap of $56.20 billion, a PE ratio of 15.90, a price-to-earnings-growth ratio of 6.67 and a beta of 0.74. The firm’s fifty day moving average is $88.32 and its two-hundred day moving average is $83.61. 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 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 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 last year, the company earned $1.04 earnings per share. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. Research analysts forecast that ONEOK, Inc. will post 5.72 earnings per share for the current fiscal year.

ONEOK Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 4th were paid a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend was Monday, May 4th. ONEOK’s dividend payout ratio is currently 76.29%.

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.