Avior Wealth Management LLC Acquires 12,628 Shares of ONEOK, Inc. $OKE

Avior Wealth Management LLC boosted its holdings in ONEOK, Inc. (NYSE:OKE) by 33.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 50,923 shares of the utilities provider’s stock after buying an additional 12,628 shares during the period. Avior Wealth Management LLC’s holdings in ONEOK were worth $3,743,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Henson Edgewater Management LLC acquired a new stake in ONEOK during the 4th quarter worth $579,000. Park Avenue Securities LLC lifted its stake in shares of ONEOK by 27.8% in the 4th quarter. Park Avenue Securities LLC now owns 10,019 shares of the utilities provider’s stock valued at $736,000 after purchasing an additional 2,179 shares during the period. Miller Global Investments LLC acquired a new position in shares of ONEOK in the 4th quarter valued at $876,000. City Center Advisors LLC boosted its position in shares of ONEOK by 4.2% in the 4th quarter. City Center Advisors LLC now owns 4,275 shares of the utilities provider’s stock worth $314,000 after purchasing an additional 171 shares during the last quarter. Finally, Roxbury Financial LLC bought a new position in shares of ONEOK in the 4th quarter worth $77,000. 69.13% of the stock is owned by institutional investors.

ONEOK Price Performance

OKE opened at $88.27 on Friday. The stock has a market cap of $55.59 billion, a P/E ratio of 16.29, a P/E/G ratio of 6.56 and a beta of 0.93. ONEOK, Inc. has a 12 month low of $64.02 and a 12 month high of $103.64. The company has a quick ratio of 0.56, a current ratio of 0.71 and a debt-to-equity ratio of 1.36. The company has a fifty day simple moving average of $81.76 and a 200 day simple moving average of $75.08.

ONEOK (NYSE:OKE) last posted its earnings results on Monday, February 23rd. The utilities provider reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.50 by $0.05. ONEOK had a return on equity of 15.29% and a net margin of 10.09%.The firm had revenue of $9.07 billion for the quarter, compared to analyst estimates of $8.77 billion. During the same period in the previous year, the company posted $1.57 earnings per share. ONEOK has set its FY 2026 guidance at 5.040-5.870 EPS. On average, research analysts expect that ONEOK, Inc. will post 5.07 EPS for the current year.

ONEOK Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Monday, February 2nd were issued a dividend of $1.07 per share. This is a boost from ONEOK’s previous quarterly dividend of $1.03. The ex-dividend date was Monday, February 2nd. This represents a $4.28 annualized dividend and a dividend yield of 4.8%. ONEOK’s dividend payout ratio (DPR) is presently 78.97%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Royal Bank Of Canada upped their price objective on ONEOK from $79.00 to $84.00 and gave the company a “sector perform” rating in a report on Thursday. Scotiabank restated an “outperform” rating and set a $91.00 target price on shares of ONEOK in a report on Friday, January 16th. Wells Fargo & Company boosted their target price on ONEOK from $79.00 to $81.00 and gave the stock an “equal weight” rating in a research report on Friday, March 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of ONEOK in a research note on Monday, December 29th. Finally, JPMorgan Chase & Co. downgraded shares of ONEOK from an “overweight” rating to a “neutral” rating and cut their price target for the company from $87.00 to $83.00 in a research report on Tuesday, January 27th. Seven investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $86.33.

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.