Christine Messmer PC Buys Shares of 5,912 ONEOK, Inc. $OKE

Christine Messmer PC purchased a new stake in ONEOK, Inc. (NYSE:OKE) during the first quarter, according to its most recent filing with the SEC. The firm purchased 5,912 shares of the utilities provider’s stock, valued at approximately $534,000.

Several other large investors have also recently made changes to their positions in the stock. Welch Group LLC boosted its position in ONEOK by 0.8% during the first quarter. Welch Group LLC now owns 14,859 shares of the utilities provider’s stock valued at $1,343,000 after purchasing an additional 122 shares in the last quarter. Clarus Group Inc. bought a new position in ONEOK in the first quarter worth about $229,000. Columbus Macro LLC lifted its position in shares of ONEOK by 4.1% during the first quarter. Columbus Macro LLC now owns 198,104 shares of the utilities provider’s stock valued at $17,907,000 after buying an additional 7,794 shares during the last quarter. Stokes Capital Advisors LLC lifted its position in shares of ONEOK by 1,369.1% during the first quarter. Stokes Capital Advisors LLC now owns 48,496 shares of the utilities provider’s stock valued at $4,384,000 after buying an additional 45,195 shares during the last quarter. Finally, Pacific Sage Partners LLC boosted its holdings in shares of ONEOK by 99.2% in the 1st quarter. Pacific Sage Partners LLC now owns 5,658 shares of the utilities provider’s stock valued at $511,000 after buying an additional 2,817 shares in the last quarter. 69.13% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on OKE shares. TD Cowen boosted their price objective on shares of ONEOK from $80.00 to $85.00 and gave the stock a “hold” rating in a research note on Thursday, April 30th. Wells Fargo & Company lowered their target price on shares of ONEOK from $100.00 to $98.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. Freedom Capital raised shares of ONEOK from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 5th. Weiss Ratings raised ONEOK from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, May 18th. Finally, Morgan Stanley increased their price objective on ONEOK from $104.00 to $113.00 and gave the company an “overweight” rating in a report on Tuesday, April 7th. Eight equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, ONEOK presently has a consensus rating of “Hold” and an average price target of $91.88.

ONEOK Stock Performance

OKE opened at $89.18 on Friday. ONEOK, Inc. has a 52-week low of $64.02 and a 52-week high of $96.07. The company has a quick ratio of 0.56, a current ratio of 0.71 and a debt-to-equity ratio of 1.37. The company has a market cap of $56.20 billion, a P/E ratio of 15.90, a price-to-earnings-growth ratio of 6.69 and a beta of 0.74. The firm’s 50-day moving average price is $88.32 and its 200-day moving average price is $83.55.

ONEOK (NYSE:OKE) last announced its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $1.23 EPS for the quarter, missing the consensus estimate of $1.30 by ($0.07). The company had revenue of $9.62 billion during the quarter, compared to analysts’ expectations of $8.23 billion. ONEOK had a net margin of 10.03% and a return on equity of 16.06%. During the same period in the previous year, the business earned $1.04 earnings per share. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. As a group, equities analysts anticipate that ONEOK, Inc. will post 5.72 EPS for the current fiscal year.

ONEOK Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Monday, May 4th were issued a $1.07 dividend. The ex-dividend date of this dividend was Monday, May 4th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 4.8%. ONEOK’s dividend payout ratio (DPR) is currently 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.