8,577 Shares in ONEOK, Inc. $OKE Acquired by Yukon Wealth Management Inc.

Yukon Wealth Management Inc. bought a new position in shares of ONEOK, Inc. (NYSE:OKE) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 8,577 shares of the utilities provider’s stock, valued at approximately $746,000.

A number of other large investors have also recently modified their holdings of OKE. Zions Bancorporation National Association UT increased its stake 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 buying an additional 143 shares during the period. Elyxium Wealth LLC bought a new position in ONEOK during the 4th quarter worth about $29,000. Cornerstone Financial Management LLC purchased a new position in ONEOK during the 4th quarter valued at about $29,000. Transamerica Financial Advisors LLC increased its holdings in ONEOK by 69.6% during the second quarter. Transamerica Financial Advisors LLC now owns 363 shares of the utilities provider’s stock valued at $32,000 after buying an additional 149 shares during the period. Finally, Portus Wealth Advisors LLC purchased a new position in ONEOK during the first quarter valued at approximately $33,000. Hedge funds and other institutional investors own 69.13% of the company’s stock.

ONEOK Stock Performance

Shares of ONEOK stock opened at $94.87 on Friday. ONEOK, Inc. has a one year low of $64.02 and a one year high of $97.90. The company has a market cap of $59.81 billion, a price-to-earnings ratio of 16.36, a PEG ratio of 2.65 and a beta of 0.73. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.59 and a current ratio of 0.74. The business’s 50 day moving average price is $90.70 and its 200 day moving average price is $88.67.

ONEOK (NYSE:OKE) last posted its earnings results on Monday, August 3rd. The utilities provider reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.07. ONEOK had a net margin of 9.29% and a return on equity of 16.41%. The firm had revenue of $12.05 billion during the quarter, compared to the consensus estimate of $8.95 billion. During the same quarter last year, the firm earned $1.34 EPS. ONEOK has set its FY 2026 guidance at 5.680-5.680 EPS. On average, research analysts predict that ONEOK, Inc. will post 5.84 EPS for the current year.

ONEOK Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Monday, August 3rd were paid a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a yield of 4.5%. The ex-dividend date was Monday, August 3rd. ONEOK’s dividend payout ratio (DPR) is currently 73.79%.

Analyst Ratings Changes

A number of brokerages have commented on OKE. Raymond James Financial reaffirmed an “outperform” rating and set a $92.00 price target on shares of ONEOK in a research report on Thursday, April 30th. TD Cowen lifted their price objective on shares of ONEOK from $85.00 to $90.00 and gave the company a “hold” rating in a research note on Thursday, July 16th. Morgan Stanley increased their price objective on shares of ONEOK from $103.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 18th. Weiss Ratings reissued a “buy (b-)” rating on shares of ONEOK in a report on Thursday, August 13th. Finally, Royal Bank Of Canada boosted their target price on shares of ONEOK from $84.00 to $90.00 and gave the company a “sector perform” rating in a research report on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $91.94.

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.