AlphaCore Capital LLC Increases Stock Position in ONEOK, Inc. $OKE

AlphaCore Capital LLC increased its holdings in shares of ONEOK, Inc. (NYSE:OKE) by 368.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 13,633 shares of the utilities provider’s stock after buying an additional 10,723 shares during the period. AlphaCore Capital LLC’s holdings in ONEOK were worth $1,002,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of OKE. Winnow Wealth LLC purchased a new stake in ONEOK during the third quarter worth $28,000. SRH Advisors LLC increased its holdings in shares of ONEOK by 122.3% in the 4th 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 period. AXS Investments LLC purchased a new position in shares of ONEOK in the 3rd quarter valued at $35,000. Accredited Wealth Management LLC raised its position in shares of ONEOK by 342.5% in the 3rd quarter. Accredited Wealth Management LLC now owns 500 shares of the utilities provider’s stock worth $36,000 after acquiring an additional 387 shares in the last quarter. Finally, Texas Capital Bancshares Inc TX purchased a new stake in shares of ONEOK during the 3rd quarter worth $39,000. 69.13% of the stock is owned by hedge funds and other institutional investors.

ONEOK Trading Up 1.6%

Shares of ONEOK stock opened at $93.77 on Tuesday. The firm’s 50 day simple moving average is $87.93 and its two-hundred day simple moving average is $79.83. The firm has a market capitalization of $59.08 billion, a price-to-earnings ratio of 16.71, a PEG ratio of 6.71 and a beta of 0.78. ONEOK, Inc. has a 12-month low of $64.02 and a 12-month high of $95.30. The company has a current ratio of 0.71, a quick ratio of 0.56 and a debt-to-equity ratio of 1.37.

ONEOK (NYSE:OKE) last posted 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 for the quarter, compared to analyst estimates of $8.23 billion. ONEOK had a return on equity of 16.06% and a net margin of 10.03%.During the same quarter in the previous year, the firm posted $1.04 earnings per share. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. Analysts predict that ONEOK, Inc. will post 5.76 EPS for the current year.

ONEOK Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders 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 dividend on an annualized basis and a yield of 4.6%. ONEOK’s payout ratio is currently 76.29%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on OKE shares. Citigroup raised their price objective on ONEOK from $95.00 to $97.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Raymond James Financial reissued an “outperform” rating and set a $92.00 price target on shares of ONEOK in a research report on Thursday, April 30th. Barclays raised their price target on shares of ONEOK from $82.00 to $90.00 and gave the company an “equal weight” rating in a report on Thursday, April 30th. Scotiabank lowered shares of ONEOK from a “sector outperform” rating to a “sector perform” rating and reduced their price objective for the stock from $92.00 to $89.00 in a research note on Thursday, April 30th. Finally, Truist Financial increased their target price on shares of ONEOK from $91.00 to $93.00 and gave the company a “hold” rating in a research report on Monday, May 4th. Seven research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average 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.