One Capital Management LLC Has $952,000 Stock Holdings in ONEOK, Inc. $OKE

One Capital Management LLC raised its stake in ONEOK, Inc. (NYSE:OKE) by 122.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,959 shares of the utilities provider’s stock after buying an additional 7,141 shares during the quarter. One Capital Management LLC’s holdings in ONEOK were worth $952,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Disciplined Investments LLC lifted its stake in ONEOK by 0.6% in the fourth quarter. Disciplined Investments LLC now owns 21,577 shares of the utilities provider’s stock valued at $1,586,000 after buying an additional 125 shares during the period. TCV Trust & Wealth Management Inc. lifted its stake in ONEOK by 4.2% in the fourth quarter. TCV Trust & Wealth Management Inc. now owns 3,290 shares of the utilities provider’s stock valued at $242,000 after buying an additional 133 shares during the period. Empowered Funds LLC lifted its stake in ONEOK by 0.8% in the first quarter. Empowered Funds LLC now owns 17,957 shares of the utilities provider’s stock valued at $1,782,000 after buying an additional 137 shares during the period. Fourpath Capital Management LLC lifted its stake in ONEOK by 1.6% in the fourth quarter. Fourpath Capital Management LLC now owns 8,628 shares of the utilities provider’s stock valued at $634,000 after buying an additional 140 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC lifted its stake in ONEOK by 14.9% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,092 shares of the utilities provider’s stock valued at $80,000 after buying an additional 142 shares during the period. Institutional investors and hedge funds own 69.13% of the company’s stock.

ONEOK Stock Performance

Shares of NYSE OKE opened at $86.99 on Thursday. The company has a current ratio of 0.71, a quick ratio of 0.56 and a debt-to-equity ratio of 1.37. ONEOK, Inc. has a 12 month low of $64.02 and a 12 month high of $96.07. The stock has a 50 day moving average of $88.67 and a 200-day moving average of $81.72. The company has a market capitalization of $54.81 billion, a P/E ratio of 15.51, a P/E/G ratio of 6.48 and a beta of 0.74.

ONEOK (NYSE:OKE) last issued its earnings results on Tuesday, April 28th. The utilities provider reported $1.23 EPS for the quarter, missing the consensus estimate of $1.30 by ($0.07). ONEOK had a return on equity of 16.06% and a net margin of 10.03%.The business had revenue of $9.62 billion for the quarter, compared to the consensus estimate of $8.23 billion. During the same quarter in the prior year, the firm posted $1.04 earnings per share. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. As a group, equities research analysts predict that ONEOK, Inc. will post 5.72 EPS for the current year.

ONEOK Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 4th were paid a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a dividend yield of 4.9%. The ex-dividend date was Monday, May 4th. ONEOK’s payout ratio is currently 76.29%.

Analyst Ratings Changes

OKE has been the topic of several analyst reports. Mizuho set a $89.00 target price on ONEOK in a research note on Monday, February 23rd. Jefferies Financial Group increased their target price on ONEOK from $98.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, April 8th. Morgan Stanley increased their target price on ONEOK from $104.00 to $113.00 and gave the company an “overweight” rating in a research note on Tuesday, April 7th. JPMorgan Chase & Co. raised their price target on ONEOK from $91.00 to $92.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Finally, Wells Fargo & Company dropped their price target on ONEOK from $100.00 to $98.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. 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, the stock currently has an average rating of “Hold” and an average price target of $91.88.

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.