World Investment Advisors Buys 9,083 Shares of ONEOK, Inc. $OKE

World Investment Advisors increased its stake in ONEOK, Inc. (NYSE:OKE) by 78.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,615 shares of the utilities provider’s stock after acquiring an additional 9,083 shares during the quarter. World Investment Advisors’ holdings in ONEOK were worth $1,515,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Winnow Wealth LLC bought a new stake in shares of ONEOK in the 3rd quarter valued at $28,000. SRH Advisors LLC grew its position in ONEOK by 122.3% in the 4th quarter. SRH Advisors LLC now owns 438 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 241 shares during the period. AXS Investments LLC bought a new stake in ONEOK during the 3rd quarter valued at $35,000. Accredited Wealth Management LLC increased its stake in ONEOK by 342.5% during 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 in the last quarter. Finally, Texas Capital Bancshares Inc TX bought a new stake in ONEOK during the 3rd quarter valued at $39,000. Institutional investors own 69.13% of the company’s stock.

ONEOK Price Performance

OKE opened at $92.31 on Friday. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.71 and a quick ratio of 0.56. The company has a market capitalization of $58.16 billion, a price-to-earnings ratio of 16.45, a P/E/G ratio of 6.74 and a beta of 0.78. The firm’s fifty day moving average price is $87.77 and its two-hundred day moving average price is $79.58. ONEOK, Inc. has a 1 year low of $64.02 and a 1 year high of $95.30.

ONEOK (NYSE:OKE) last posted its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $1.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.07). The firm had revenue of $9.62 billion for the quarter, compared to analysts’ expectations of $8.23 billion. ONEOK had a return on equity of 16.06% and a net margin of 10.03%.During the same period in the prior year, the firm earned $1.04 earnings per share. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. As a group, analysts anticipate that ONEOK, Inc. will post 5.76 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 issued a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend was Monday, May 4th. ONEOK’s payout ratio is currently 76.29%.

Analyst Upgrades and Downgrades

OKE has been the subject of a number of recent research reports. Raymond James Financial restated an “outperform” rating and set a $92.00 price target on shares of ONEOK in a research note on Thursday, April 30th. Barclays boosted their price target on shares of ONEOK from $82.00 to $90.00 and gave the company an “equal weight” rating in a research note on Thursday, April 30th. UBS Group decreased their price target on shares of ONEOK from $114.00 to $103.00 and set a “buy” rating for the company in a research note on Thursday, January 22nd. JPMorgan Chase & Co. boosted their price target on shares of ONEOK from $91.00 to $92.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Finally, TD Cowen boosted their price target on shares of ONEOK from $80.00 to $85.00 and gave the company a “hold” rating in a research note on Thursday, April 30th. Seven research 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 company has a consensus rating of “Hold” and a consensus price target of $91.88.

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.