D.A. Davidson & CO. Grows Stock Holdings in ONEOK, Inc. $OKE

D.A. Davidson & CO. raised its position in shares of ONEOK, Inc. (NYSE:OKE) by 7.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 108,902 shares of the utilities provider’s stock after buying an additional 7,345 shares during the period. D.A. Davidson & CO.’s holdings in ONEOK were worth $8,004,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Winnow Wealth LLC purchased a new position in shares of ONEOK during the third quarter worth $28,000. City Holding Co. purchased a new position in shares of ONEOK during the third quarter worth $28,000. Financial Consulate Inc. purchased a new position in shares of ONEOK during the third quarter worth $29,000. SRH Advisors LLC boosted its position in shares of 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 buying an additional 241 shares during the period. Finally, AXS Investments LLC purchased a new position in shares of ONEOK during the third quarter worth $35,000. 69.13% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

OKE has been the subject of several research analyst reports. JPMorgan Chase & Co. lowered ONEOK from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $87.00 to $83.00 in a research report on Tuesday, January 27th. Wolfe Research lowered ONEOK from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, February 25th. Wells Fargo & Company upgraded ONEOK from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $81.00 to $100.00 in a report on Wednesday, March 25th. Royal Bank Of Canada lifted their target price on ONEOK from $79.00 to $84.00 and gave the company a “sector perform” rating in a report on Thursday, March 19th. Finally, Truist Financial assumed coverage on ONEOK in a report on Tuesday, March 24th. They issued a “hold” rating and a $91.00 target price for the company. Nine research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $89.69.

ONEOK Trading Up 2.4%

NYSE:OKE opened at $89.88 on Wednesday. The firm has a market cap of $56.63 billion, a PE ratio of 16.58, a price-to-earnings-growth ratio of 6.49 and a beta of 0.84. The stock has a fifty day moving average price of $86.95 and a 200 day moving average price of $78.11. ONEOK, Inc. has a 12-month low of $64.02 and a 12-month high of $95.30. 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 earnings results on Tuesday, April 28th. The utilities provider reported $1.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.06). The company had revenue of $9.62 billion during the quarter, compared to analysts’ expectations of $8.56 billion. ONEOK had a net margin of 10.09% and a return on equity of 15.29%. During the same quarter last year, the business posted $1.04 earnings per share. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. Sell-side analysts anticipate that ONEOK, Inc. will post 5.65 earnings per share for the current fiscal year.

ONEOK Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Monday, May 4th will be issued a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date of this dividend is Monday, May 4th. ONEOK’s payout ratio is 78.97%.

More ONEOK News

Here are the key news stories impacting ONEOK this week:

• Positive Sentiment: ONEOK reported a 12% increase in Q1 2026 net income and a 13% rise in adjusted EBITDA, and said it increased its 2026 financial guidance. The company also completed relocating a 150 MMcf/d gas processing plant to the Permian, a move likely to boost volumes and margins. ONEOK Announces 12% Increase in First-Quarter 2026 Net Income
• Positive Sentiment: Reuters notes ONEOK raised its 2026 profit forecast after higher volumes across NGLs, gas processing and pipelines drove a quarterly beat on core profit — a clear operational tailwind. ONEOK raises 2026 profit forecast
• Positive Sentiment: Several market write-ups (Yahoo/Zacks) report EPS above consensus (approx. $1.30 vs ~$1.26) and year-over-year EPS improvement, supporting the view that core earnings are strengthening. Oneok Inc. (OKE) Q1 Earnings Surpass Estimates
• Neutral Sentiment: Investor/transcript coverage: earnings-call transcripts are available for those seeking management color on volumes, capital allocation and outlook; useful but not market-moving by itself. Oneok (OKE) Q2 2025 Earnings Transcript
• Neutral Sentiment: Sector commentary highlights that ONEOK and peers are early indicators for pipeline/export demand; this adds context to volume trends but doesn’t change company-specific fundamentals immediately. EPD and ONEOK kick off midstream earnings season
• Negative Sentiment: ONEOK set FY2026 EPS guidance at $5.53, below consensus (~$5.70). That guidance shortfall is a key reason some investors tempered enthusiasm despite the quarter’s operational gains.
• Negative Sentiment: Some reports/aggregators recorded an EPS print ($1.23) that missed the consensus (~$1.29), creating mixed headlines and contributing to volatility in the stock’s intraday move. ONEOK Press Release / Earnings

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.