ONEOK, Inc. $OKE Shares Purchased by Allworth Financial LP

Allworth Financial LP increased its holdings in ONEOK, Inc. (NYSE:OKE) by 5.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 129,417 shares of the utilities provider’s stock after acquiring an additional 6,368 shares during the period. Allworth Financial LP’s holdings in ONEOK were worth $9,444,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. City Holding Co. acquired a new position in shares of ONEOK in the 3rd quarter valued at $28,000. Winnow Wealth LLC acquired a new stake in shares of ONEOK during the 3rd quarter worth about $28,000. Global Wealth Strategies & Associates purchased a new stake in ONEOK in the 3rd quarter valued at about $29,000. Financial Consulate Inc. purchased a new stake in ONEOK in the 3rd quarter valued at about $29,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new position in ONEOK in the second quarter valued at about $34,000. Hedge funds and other institutional investors own 69.13% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on OKE. Wells Fargo & Company increased their target price on shares of ONEOK from $79.00 to $81.00 and gave the stock an “equal weight” rating in a research note on Friday, March 13th. Royal Bank Of Canada boosted their price target on shares of ONEOK from $79.00 to $84.00 and gave the company a “sector perform” rating in a research note on Thursday. Weiss Ratings restated a “hold (c)” rating on shares of ONEOK in a report on Monday, December 29th. Scotiabank reaffirmed an “outperform” rating and set a $91.00 price objective on shares of ONEOK in a research report on Friday, January 16th. Finally, Wolfe Research downgraded shares of ONEOK from an “outperform” rating to a “peer perform” rating in a report on Wednesday, February 25th. Seven analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $86.33.

ONEOK Stock Up 2.4%

Shares of NYSE:OKE opened at $88.27 on Friday. The firm has a market capitalization of $55.59 billion, a PE ratio of 16.29, a price-to-earnings-growth ratio of 6.56 and a beta of 0.93. ONEOK, Inc. has a 1 year low of $64.02 and a 1 year high of $103.64. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.71 and a quick ratio of 0.56. The firm’s 50-day moving average is $81.76 and its two-hundred day moving average is $75.08.

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

ONEOK Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Monday, February 2nd were given a dividend of $1.07 per share. This is an increase from ONEOK’s previous quarterly dividend of $1.03. This represents a $4.28 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend was Monday, February 2nd. ONEOK’s dividend payout ratio is currently 78.97%.

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.