Beck Capital Management LLC Has $2.78 Million Stock Holdings in ONEOK, Inc. $OKE

Beck Capital Management LLC lowered its position in shares of ONEOK, Inc. (NYSE:OKE) by 15.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 37,844 shares of the utilities provider’s stock after selling 6,982 shares during the quarter. Beck Capital Management LLC’s holdings in ONEOK were worth $2,782,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in OKE. Wealthspire Advisors LLC boosted its stake in ONEOK by 33.6% in the fourth quarter. Wealthspire Advisors LLC now owns 29,075 shares of the utilities provider’s stock valued at $2,137,000 after buying an additional 7,315 shares in the last quarter. Summit Financial LLC raised its holdings in shares of ONEOK by 0.5% in the 4th quarter. Summit Financial LLC now owns 30,598 shares of the utilities provider’s stock valued at $2,249,000 after acquiring an additional 149 shares in the last quarter. Concorde Asset Management LLC raised its holdings in shares of ONEOK by 4.5% during the 4th quarter. Concorde Asset Management LLC now owns 5,024 shares of the utilities provider’s stock valued at $369,000 after buying an additional 217 shares in the last quarter. Quadrant Capital Group LLC grew its position in shares of ONEOK by 1.2% in the 4th quarter. Quadrant Capital Group LLC now owns 20,288 shares of the utilities provider’s stock worth $1,491,000 after buying an additional 244 shares during the last quarter. Finally, Advisors Asset Management Inc. boosted its position in shares of ONEOK by 8.4% during the fourth quarter. Advisors Asset Management Inc. now owns 130,012 shares of the utilities provider’s stock valued at $9,556,000 after purchasing an additional 10,026 shares in the last quarter. Institutional investors own 69.13% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on OKE. Mizuho set a $89.00 price objective on ONEOK in a research report on Monday, February 23rd. Raymond James Financial reaffirmed an “outperform” rating and set a $92.00 price target on shares of ONEOK in a research report on Thursday, April 30th. Wolfe Research cut ONEOK from an “outperform” rating to a “peer perform” rating in a report on Wednesday, February 25th. TD Cowen increased their price objective on ONEOK from $80.00 to $85.00 and gave the stock a “hold” rating in a research report on Thursday, April 30th. Finally, Royal Bank Of Canada increased 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. Eight analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $91.88.

ONEOK Price Performance

NYSE OKE opened at $90.40 on Friday. The company’s 50 day simple moving average is $88.31 and its 200 day simple moving average is $82.58. ONEOK, Inc. has a 12 month low of $64.02 and a 12 month high of $96.07. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.71 and a quick ratio of 0.56. The firm has a market capitalization of $56.95 billion, a PE ratio of 16.11, a P/E/G ratio of 6.67 and a beta of 0.74.

ONEOK (NYSE:OKE) last posted its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $1.23 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 firm had revenue of $9.62 billion during the quarter, compared to analyst estimates of $8.23 billion. During the same period in the prior year, the business posted $1.04 EPS. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. As a group, equities research analysts forecast that ONEOK, Inc. will post 5.72 EPS for the current fiscal year.

ONEOK Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 4th were issued a dividend of $1.07 per share. The ex-dividend date was Monday, May 4th. This represents a $4.28 annualized dividend and a dividend yield of 4.7%. ONEOK’s payout ratio is presently 76.29%.

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.