Foundations Investment Advisors LLC Has $1.73 Million Stock Holdings in ONEOK, Inc. $OKE

Foundations Investment Advisors LLC increased its holdings in ONEOK, Inc. (NYSE:OKE) by 53.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,570 shares of the utilities provider’s stock after purchasing an additional 8,162 shares during the period. Foundations Investment Advisors LLC’s holdings in ONEOK were worth $1,732,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Huntington National Bank grew its stake in ONEOK by 6.0% during the fourth quarter. Huntington National Bank now owns 17,762 shares of the utilities provider’s stock worth $1,306,000 after buying an additional 999 shares during the last quarter. Kingsview Wealth Management LLC grew its stake in ONEOK by 2.1% during the fourth quarter. Kingsview Wealth Management LLC now owns 37,489 shares of the utilities provider’s stock worth $2,755,000 after buying an additional 767 shares during the last quarter. Geode Capital Management LLC grew its stake in ONEOK by 3.2% during the fourth quarter. Geode Capital Management LLC now owns 16,596,172 shares of the utilities provider’s stock worth $1,215,107,000 after buying an additional 518,746 shares during the last quarter. Coordinated Financial Services Inc. bought a new stake in ONEOK during the fourth quarter worth about $237,000. Finally, Integrity Alliance LLC. grew its stake in ONEOK by 254.1% during the fourth quarter. Integrity Alliance LLC. now owns 32,018 shares of the utilities provider’s stock worth $2,353,000 after buying an additional 22,975 shares during the last quarter. Institutional investors and hedge funds own 69.13% of the company’s stock.

ONEOK Price Performance

OKE opened at $84.05 on Friday. ONEOK, Inc. has a one year low of $64.02 and a one 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. The company’s 50 day simple moving average is $88.85 and its 200-day simple moving average is $81.26. The stock has a market capitalization of $52.95 billion, a P/E ratio of 14.98, a price-to-earnings-growth ratio of 6.23 and a beta of 0.78.

ONEOK (NYSE:OKE) last released its quarterly 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 company had revenue of $9.62 billion for the quarter, compared to the consensus estimate of $8.23 billion. During the same period last year, the company earned $1.04 earnings per share. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. Sell-side analysts anticipate that ONEOK, Inc. will post 5.76 earnings per share for the current fiscal year.

ONEOK Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 4th were paid a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a dividend yield of 5.1%. The ex-dividend date of this dividend was Monday, May 4th. ONEOK’s dividend payout ratio is 76.29%.

Wall Street Analysts Forecast Growth

OKE has been the topic of several research analyst reports. TD Cowen upped 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 decreased 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. Freedom Capital raised shares of ONEOK from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 5th. Weiss Ratings raised shares of ONEOK from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 18th. Finally, Jefferies Financial Group upped their price objective on shares of ONEOK from $98.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, April 8th. Eight analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, ONEOK 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.