129,697 Shares in ONEOK, Inc. $OKE Bought by MidFirst Bank

MidFirst Bank purchased a new position in ONEOK, Inc. (NYSE:OKE) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 129,697 shares of the utilities provider’s stock, valued at approximately $9,533,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of OKE. Zions Bancorporation National Association UT raised its holdings in shares of ONEOK by 73.3% during the fourth quarter. Zions Bancorporation National Association UT now owns 338 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 143 shares during the period. Elyxium Wealth LLC bought a new stake in ONEOK in the 4th quarter valued at about $29,000. Cornerstone Financial Management LLC bought a new stake in ONEOK in the 4th quarter valued at about $29,000. SRH Advisors LLC raised its stake in 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 buying an additional 241 shares during the period. Finally, Accredited Wealth Management LLC raised 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 worth $36,000 after buying an additional 387 shares during the period. 69.13% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

OKE has been the subject of a number of research reports. JPMorgan Chase & Co. raised their price objective on ONEOK from $91.00 to $92.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Barclays upped their target price on ONEOK from $82.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 30th. Freedom Capital upgraded ONEOK from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 5th. Raymond James Financial reissued an “outperform” rating and issued a $92.00 price target on shares of ONEOK in a research report on Thursday, April 30th. Finally, Truist Financial boosted their price target on shares of ONEOK from $91.00 to $93.00 and gave the company a “hold” rating in a research note on Monday, May 4th. Eight equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $91.88.

ONEOK Stock Performance

Shares of ONEOK stock opened at $85.06 on Friday. The company has a market cap of $53.59 billion, a PE ratio of 15.16, a price-to-earnings-growth ratio of 6.40 and a beta of 0.74. ONEOK, Inc. has a 52 week low of $64.02 and a 52 week high of $96.07. The business has a 50 day moving average price of $88.09 and a 200-day moving average price of $83.07. 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 posted its earnings results on Tuesday, April 28th. The utilities provider reported $1.23 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $8.23 billion. During the same quarter in the prior year, the business earned $1.04 EPS. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. Equities analysts anticipate that ONEOK, Inc. will post 5.72 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 5.0%. The ex-dividend date of this dividend was Monday, May 4th. ONEOK’s 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.