LFG Wealth Partners LLC Purchases New Position in ONEOK, Inc. $OKE

LFG Wealth Partners LLC acquired a new position in ONEOK, Inc. (NYSE:OKE) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 21,037 shares of the utilities provider’s stock, valued at approximately $1,546,000.

A number of other hedge funds have also recently bought and sold shares of OKE. Hoxton Planning & Management LLC boosted its holdings in ONEOK by 2.3% during the fourth quarter. Hoxton Planning & Management LLC now owns 5,372 shares of the utilities provider’s stock worth $395,000 after purchasing an additional 120 shares during the last quarter. Disciplined Investments LLC increased its holdings in ONEOK by 0.6% during the fourth quarter. Disciplined Investments LLC now owns 21,577 shares of the utilities provider’s stock worth $1,586,000 after buying an additional 125 shares during the last quarter. TCV Trust & Wealth Management Inc. raised its position 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 worth $242,000 after acquiring an additional 133 shares during the period. Loomis Sayles & Co. L P increased its stake in shares of ONEOK by 14.8% during the 4th quarter. Loomis Sayles & Co. L P now owns 1,034 shares of the utilities provider’s stock worth $76,000 after purchasing an additional 133 shares during the last quarter. Finally, Empowered Funds LLC raised its holdings in shares of ONEOK by 0.8% in the 1st quarter. Empowered Funds LLC now owns 17,957 shares of the utilities provider’s stock worth $1,782,000 after purchasing an additional 137 shares during the period. 69.13% of the stock is owned by hedge funds and other institutional investors.

ONEOK Stock Down 3.5%

OKE stock opened at $87.43 on Tuesday. 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 1-year low of $64.02 and a 1-year high of $96.07. The stock has a market cap of $55.08 billion, a price-to-earnings ratio of 15.58, a price-to-earnings-growth ratio of 6.77 and a beta of 0.74. The company’s 50 day moving average is $88.30 and its 200 day moving average is $82.78.

ONEOK (NYSE:OKE) last released its quarterly earnings data 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 return on equity of 16.06% and a net margin of 10.03%.The business had revenue of $9.62 billion during the quarter, compared to analysts’ expectations of $8.23 billion. During the same quarter last year, the business posted $1.04 EPS. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. Sell-side analysts predict that ONEOK, Inc. will post 5.72 EPS for the current fiscal year.

ONEOK Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on OKE shares. Mizuho set a $89.00 price target on ONEOK in a report on Monday, February 23rd. Morgan Stanley increased their price objective on ONEOK from $104.00 to $113.00 and gave the stock an “overweight” rating in a report on Tuesday, April 7th. Wells Fargo & Company cut their target price on ONEOK from $100.00 to $98.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. Wolfe Research cut ONEOK from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, February 25th. Finally, JPMorgan Chase & Co. raised their price objective on shares of ONEOK from $91.00 to $92.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Eight equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $91.88.

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.