ONEOK, Inc. $OKE Holdings Lifted by SFE Investment Counsel

SFE Investment Counsel increased its holdings in ONEOK, Inc. (NYSE:OKE) by 7.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 206,515 shares of the utilities provider’s stock after purchasing an additional 14,888 shares during the period. ONEOK accounts for 2.3% of SFE Investment Counsel’s holdings, making the stock its 9th biggest holding. SFE Investment Counsel’s holdings in ONEOK were worth $15,179,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Winnow Wealth LLC purchased a new stake in shares of ONEOK during the 3rd quarter worth approximately $28,000. SRH Advisors LLC raised its holdings in shares of ONEOK by 122.3% during the 4th 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. AXS Investments LLC purchased a new stake in shares of ONEOK during the 3rd quarter worth approximately $35,000. Accredited Wealth Management LLC raised its holdings in shares of ONEOK by 342.5% during the 3rd 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. Finally, Texas Capital Bancshares Inc TX purchased a new stake in shares of ONEOK during the 3rd quarter worth approximately $39,000. 69.13% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on OKE. Wells Fargo & Company decreased their price objective on ONEOK from $100.00 to $98.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Citigroup upped 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. Mizuho set a $89.00 price objective on ONEOK in a report on Monday, February 23rd. Royal Bank Of Canada upped their price objective on ONEOK from $79.00 to $84.00 and gave the stock a “sector perform” rating in a report on Thursday, March 19th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of ONEOK in a report on Monday, May 4th. Seven research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $91.88.

ONEOK Stock Performance

NYSE:OKE opened at $88.83 on Thursday. The stock’s fifty day moving average is $87.49 and its 200 day moving average is $79.33. ONEOK, Inc. has a fifty-two week low of $64.02 and a fifty-two week high of $95.30. The firm has a market capitalization of $55.96 billion, a PE ratio of 15.83, a PEG ratio of 6.33 and a beta of 0.78. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.56 and a current ratio of 0.71.

ONEOK (NYSE:OKE) last released its quarterly 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 for the quarter, compared to analysts’ expectations of $8.23 billion. During the same quarter in the previous year, the company posted $1.04 EPS. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. On average, sell-side analysts anticipate that ONEOK, Inc. will post 5.85 earnings per share for the current year.

ONEOK Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Investors 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 yield of 4.8%. The ex-dividend date is Monday, May 4th. ONEOK’s dividend payout ratio is presently 76.29%.

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.