ONEOK, Inc. $OKE Shares Acquired by World Investment Advisors

World Investment Advisors boosted its stake in ONEOK, Inc. (NYSE:OKE) by 78.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,615 shares of the utilities provider’s stock after purchasing an additional 9,083 shares during the quarter. World Investment Advisors’ holdings in ONEOK were worth $1,515,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Zions Bancorporation National Association UT grew its stake in shares of ONEOK by 73.3% during the 4th quarter. Zions Bancorporation National Association UT now owns 338 shares of the utilities provider’s stock valued at $25,000 after buying an additional 143 shares during the period. Elyxium Wealth LLC purchased a new position in shares of ONEOK in the 4th quarter worth $29,000. Cornerstone Financial Management LLC purchased a new position in shares of ONEOK in the 4th quarter worth $29,000. SRH Advisors LLC boosted its holdings 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 acquiring an additional 241 shares during the last quarter. Finally, Accredited Wealth Management LLC boosted its holdings in ONEOK by 342.5% in the third quarter. Accredited Wealth Management LLC now owns 500 shares of the utilities provider’s stock valued at $36,000 after acquiring an additional 387 shares during the last quarter. Institutional investors and hedge funds own 69.13% of the company’s stock.

ONEOK Stock Up 0.0%

Shares of NYSE OKE opened at $85.06 on Friday. ONEOK, Inc. has a 12-month low of $64.02 and a 12-month high of $96.07. The company has a market cap of $53.59 billion, a P/E ratio of 15.16, a P/E/G ratio of 6.36 and a beta of 0.74. The company has a current ratio of 0.71, a quick ratio of 0.56 and a debt-to-equity ratio of 1.37. The stock has a fifty day moving average price of $88.05 and a 200 day moving average price of $83.08.

ONEOK (NYSE:OKE) last issued 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 company had revenue of $9.62 billion for the quarter, compared to analyst estimates of $8.23 billion. During the same quarter in the prior year, the firm earned $1.04 EPS. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. Research 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. Investors of record on Monday, May 4th were given a dividend of $1.07 per share. The ex-dividend date of this dividend was Monday, May 4th. This represents a $4.28 annualized dividend and a yield of 5.0%. ONEOK’s payout ratio is 76.29%.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Weiss Ratings upgraded ONEOK from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 18th. Truist Financial lifted their price objective on ONEOK from $91.00 to $93.00 and gave the company a “hold” rating in a research note on Monday, May 4th. Freedom Capital upgraded ONEOK from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 5th. Wells Fargo & Company dropped their target price on shares of ONEOK from $100.00 to $98.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Finally, TD Cowen raised their price target on shares of ONEOK from $80.00 to $85.00 and gave the company a “hold” rating in a report on Thursday, April 30th. Eight research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, ONEOK presently has a consensus rating of “Hold” and a consensus price target of $91.88.

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.