ONEOK, Inc. $OKE Shares Bought by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC lifted its position in ONEOK, Inc. (NYSE:OKE) by 47.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,658 shares of the utilities provider’s stock after acquiring an additional 7,260 shares during the quarter. Axxcess Wealth Management LLC’s holdings in ONEOK were worth $1,665,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Texas Bank & Trust Co acquired a new position in shares of ONEOK in the 4th quarter worth approximately $398,000. Kingdom Financial Group LLC. bought a new position in ONEOK during the 4th quarter worth $146,000. Alan B Lancz & Associates Inc. increased its position in ONEOK by 24.4% in the fourth quarter. Alan B Lancz & Associates Inc. now owns 8,162 shares of the utilities provider’s stock worth $600,000 after buying an additional 1,600 shares during the period. Global Retirement Partners LLC increased its position in ONEOK by 5.1% in the fourth quarter. Global Retirement Partners LLC now owns 48,914 shares of the utilities provider’s stock worth $3,595,000 after buying an additional 2,368 shares during the period. Finally, KDT Advisors LLC increased its position in ONEOK by 25.9% in the fourth quarter. KDT Advisors LLC now owns 3,765 shares of the utilities provider’s stock worth $277,000 after buying an additional 775 shares during the period. Institutional investors and hedge funds own 69.13% of the company’s stock.

ONEOK Trading Down 0.1%

Shares of OKE stock opened at $93.98 on Tuesday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.56 and a current ratio of 0.71. ONEOK, Inc. has a 1 year low of $64.02 and a 1 year high of $96.07. The stock has a fifty day moving average of $88.72 and a two-hundred day moving average of $80.79. The firm has a market capitalization of $59.21 billion, a PE ratio of 16.75, a price-to-earnings-growth ratio of 6.84 and a beta of 0.78.

ONEOK (NYSE:OKE) last announced its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $1.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.07). ONEOK had a return on equity of 16.06% and a net margin of 10.03%.The business had revenue of $9.62 billion for the quarter, compared to analyst estimates of $8.23 billion. During the same quarter last year, the firm posted $1.04 EPS. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. As a group, research analysts expect that ONEOK, Inc. will post 5.76 EPS for the current year.

ONEOK Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Monday, May 4th were given a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date was Monday, May 4th. ONEOK’s payout ratio is 76.29%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Wells Fargo & Company dropped their target price on ONEOK from $100.00 to $98.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Raymond James Financial reaffirmed an “outperform” rating and issued a $92.00 target price on shares of ONEOK in a research report on Thursday, April 30th. Wolfe Research lowered ONEOK from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, February 25th. Citigroup increased their target price on ONEOK from $95.00 to $97.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Finally, Wall Street Zen raised ONEOK from a “sell” rating to a “hold” rating in a research report on Tuesday. Eight research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $91.88.

About ONEOK

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.