Cwm LLC Increases Position in ONEOK, Inc. $OKE

Cwm LLC increased its holdings in ONEOK, Inc. (NYSE:OKE) by 14.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 58,105 shares of the utilities provider’s stock after purchasing an additional 7,180 shares during the quarter. Cwm LLC’s holdings in ONEOK were worth $4,271,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of OKE. City Holding Co. purchased a new position in shares of ONEOK during the 3rd quarter valued at approximately $28,000. Winnow Wealth LLC purchased a new stake in ONEOK in the 3rd quarter worth $28,000. Financial Consulate Inc. acquired a new position in ONEOK during the third quarter worth $29,000. SRH Advisors LLC raised its position in ONEOK by 122.3% during the fourth quarter. SRH Advisors LLC now owns 438 shares of the utilities provider’s stock worth $32,000 after acquiring an additional 241 shares during the period. Finally, AXS Investments LLC purchased a new position in ONEOK during the third quarter valued at $35,000. Hedge funds and other institutional investors own 69.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. UBS Group dropped their target price on shares of ONEOK from $114.00 to $103.00 and set a “buy” rating on the stock in a research report on Thursday, January 22nd. Wells Fargo & Company raised shares of ONEOK from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $81.00 to $100.00 in a research note on Wednesday, March 25th. JPMorgan Chase & Co. cut ONEOK from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $87.00 to $83.00 in a report on Tuesday, January 27th. Scotiabank reiterated an “outperform” rating on shares of ONEOK in a research note on Monday, April 13th. Finally, Barclays raised their target price on ONEOK from $76.00 to $82.00 and gave the company an “equal weight” rating in a research report on Thursday, March 5th. Nine equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $89.69.

ONEOK Stock Performance

NYSE:OKE opened at $86.12 on Thursday. The company has a market cap of $54.26 billion, a P/E ratio of 15.89, a P/E/G ratio of 6.28 and a beta of 0.84. ONEOK, Inc. has a twelve month low of $64.02 and a twelve month high of $95.30. The company’s 50-day moving average price is $86.74 and its 200-day moving average price is $77.60. The company has a current ratio of 0.71, a quick ratio of 0.56 and a debt-to-equity ratio of 1.36.

ONEOK (NYSE:OKE) last released its quarterly earnings data on Monday, February 23rd. The utilities provider reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.50 by $0.05. ONEOK had a net margin of 10.09% and a return on equity of 15.29%. The company had revenue of $9.07 billion during the quarter, compared to the consensus estimate of $8.77 billion. During the same quarter in the prior year, the firm earned $1.57 EPS. ONEOK has set its FY 2026 guidance at 5.040-5.870 EPS. On average, sell-side analysts forecast that ONEOK, Inc. will post 5.64 earnings per share for the current fiscal year.

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.