Benedict Financial Advisors Inc. Purchases 11,438 Shares of ONEOK, Inc. $OKE

Benedict Financial Advisors Inc. grew its position in shares of ONEOK, Inc. (NYSE:OKE) by 77.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,216 shares of the utilities provider’s stock after purchasing an additional 11,438 shares during the quarter. Benedict Financial Advisors Inc.’s holdings in ONEOK were worth $1,927,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. First Eagle Investment Management LLC boosted its holdings in ONEOK by 24.2% during the 3rd quarter. First Eagle Investment Management LLC now owns 7,769,215 shares of the utilities provider’s stock valued at $566,920,000 after acquiring an additional 1,513,042 shares during the period. Man Group plc boosted its holdings in ONEOK by 292.1% during the 2nd quarter. Man Group plc now owns 1,558,993 shares of the utilities provider’s stock valued at $127,261,000 after acquiring an additional 1,161,352 shares during the period. Vanguard Group Inc. boosted its holdings in ONEOK by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 77,222,590 shares of the utilities provider’s stock valued at $5,634,932,000 after acquiring an additional 711,619 shares during the period. Dimensional Fund Advisors LP boosted its holdings in ONEOK by 14.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 5,433,178 shares of the utilities provider’s stock valued at $396,462,000 after acquiring an additional 703,834 shares during the period. Finally, American Century Companies Inc. boosted its holdings in ONEOK by 47.4% during the 3rd quarter. American Century Companies Inc. now owns 1,998,726 shares of the utilities provider’s stock valued at $145,847,000 after acquiring an additional 642,427 shares during the period. 69.13% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Scotiabank restated an “outperform” rating on shares of ONEOK in a report on Monday, April 13th. Mizuho set a $89.00 target price on ONEOK in a report on Monday, February 23rd. UBS Group dropped their target price on ONEOK from $114.00 to $103.00 and set a “buy” rating for the company in a report on Thursday, January 22nd. Morgan Stanley increased their target price on ONEOK from $104.00 to $113.00 and gave the company an “overweight” rating in a report on Tuesday, April 7th. Finally, JPMorgan Chase & Co. cut ONEOK from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $87.00 to $83.00 in a report on Tuesday, January 27th. Nine research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, ONEOK has an average rating of “Moderate Buy” and a consensus price target of $89.69.

ONEOK Trading Down 1.9%

OKE opened at $83.55 on Friday. The stock has a market cap of $52.64 billion, a PE ratio of 15.42, a PEG ratio of 6.43 and a beta of 0.84. 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 business has a 50 day moving average of $86.68 and a 200-day moving average of $77.35. ONEOK, Inc. has a 52 week low of $64.02 and a 52 week high of $95.30.

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

ONEOK Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Monday, February 2nd were paid a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date was Monday, February 2nd. This is a boost from ONEOK’s previous quarterly dividend of $1.03. ONEOK’s dividend payout ratio (DPR) is 78.97%.

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.