Arvest Bank Trust Division Has $2.70 Million Position in ONEOK, Inc. $OKE

Arvest Bank Trust Division increased its stake in shares of ONEOK, Inc. (NYSE:OKE) by 28.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,715 shares of the utilities provider’s stock after buying an additional 8,223 shares during the quarter. Arvest Bank Trust Division’s holdings in ONEOK were worth $2,699,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in OKE. Winnow Wealth LLC acquired a new stake in ONEOK during the third quarter worth approximately $28,000. Elyxium Wealth LLC acquired a new stake in ONEOK during the fourth quarter worth approximately $29,000. SRH Advisors LLC grew 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 buying an additional 241 shares in the last quarter. AXS Investments LLC acquired a new stake in ONEOK during the third quarter worth approximately $35,000. Finally, Accredited Wealth Management LLC grew its position in ONEOK by 342.5% during the third quarter. Accredited Wealth Management LLC now owns 500 shares of the utilities provider’s stock worth $36,000 after buying an additional 387 shares in the last quarter. Institutional investors and hedge funds own 69.13% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on OKE. Wells Fargo & Company cut their target price on ONEOK from $100.00 to $98.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. Barclays upped their target price on ONEOK from $82.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 30th. Weiss Ratings upgraded ONEOK from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 18th. Royal Bank Of Canada upped their target price on ONEOK from $79.00 to $84.00 and gave the stock a “sector perform” rating in a research note on Thursday, March 19th. Finally, Wolfe Research cut ONEOK from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, February 25th. Eight analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $91.88.

ONEOK Stock Down 3.7%

Shares of NYSE:OKE opened at $90.55 on Wednesday. The firm has a market cap of $57.05 billion, a P/E ratio of 16.14, a P/E/G ratio of 6.84 and a beta of 0.78. The company has a quick ratio of 0.56, a current ratio of 0.71 and a debt-to-equity ratio of 1.37. ONEOK, Inc. has a 12-month low of $64.02 and a 12-month high of $96.07. The business has a fifty day simple moving average of $88.83 and a 200 day simple moving average of $80.96.

ONEOK (NYSE:OKE) last announced its earnings results on Tuesday, April 28th. The utilities provider reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.30 by ($0.07). The company had revenue of $9.62 billion for the quarter, compared to the consensus estimate of $8.23 billion. ONEOK had a return on equity of 16.06% and a net margin of 10.03%.During the same period in the prior year, the business earned $1.04 earnings per share. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. Analysts predict that ONEOK, Inc. will post 5.76 earnings per share for the current year.

ONEOK Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 4th were given a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend was Monday, May 4th. ONEOK’s dividend payout ratio (DPR) is currently 76.29%.

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.