Ibex Wealth Advisors Has $16.91 Million Stake in ONEOK, Inc. $OKE

Ibex Wealth Advisors lifted its position in shares of ONEOK, Inc. (NYSE:OKE) by 3.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 187,077 shares of the utilities provider’s stock after acquiring an additional 6,315 shares during the quarter. ONEOK makes up about 1.6% of Ibex Wealth Advisors’ investment portfolio, making the stock its 18th largest position. Ibex Wealth Advisors’ holdings in ONEOK were worth $16,910,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in OKE. Zions Bancorporation National Association UT lifted its stake in shares of ONEOK by 73.3% in the 4th quarter. Zions Bancorporation National Association UT now owns 338 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 143 shares during the period. Portus Wealth Advisors LLC acquired a new stake in shares of ONEOK during the first quarter worth $33,000. Elyxium Wealth LLC bought a new stake in ONEOK in the fourth quarter valued at about $29,000. Cornerstone Financial Management LLC acquired a new position in ONEOK in the fourth quarter valued at about $29,000. Finally, SRH Advisors LLC lifted its stake in ONEOK by 122.3% in the fourth quarter. SRH Advisors LLC now owns 438 shares of the utilities provider’s stock valued at $32,000 after buying an additional 241 shares during the period. Institutional investors and hedge funds own 69.13% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Freedom Capital upgraded ONEOK from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th. Wells Fargo & Company reduced their price objective on shares of ONEOK from $100.00 to $98.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Morgan Stanley upped their target price on shares of ONEOK from $104.00 to $113.00 and gave the company an “overweight” rating in a research note on Tuesday, April 7th. Raymond James Financial reiterated an “outperform” rating and issued a $92.00 target price on shares of ONEOK in a report on Thursday, April 30th. Finally, Jefferies Financial Group lifted their price target on shares of ONEOK from $98.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, April 8th. Eight analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $91.75.

ONEOK Stock Performance

OKE opened at $89.53 on Friday. The company has a market capitalization of $56.42 billion, a price-to-earnings ratio of 15.96, a P/E/G ratio of 6.82 and a beta of 0.73. The business’s 50-day moving average price is $88.72 and its two-hundred day moving average price is $84.59. ONEOK, Inc. has a 1 year low of $64.02 and a 1 year 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.

ONEOK (NYSE:OKE) last released its earnings results on Tuesday, April 28th. The utilities provider reported $1.23 EPS for the quarter, missing the consensus estimate of $1.30 by ($0.07). ONEOK had a net margin of 10.03% and a return on equity of 16.06%. The firm had revenue of $9.62 billion during the quarter, compared to the consensus estimate of $8.23 billion. During the same quarter in the previous year, the firm posted $1.04 EPS. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. Equities analysts expect 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 $1.07 dividend. The ex-dividend date was Monday, May 4th. This represents a $4.28 annualized dividend and a dividend yield of 4.8%. ONEOK’s dividend payout ratio (DPR) is presently 76.29%.

ONEOK 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.