Integrity Alliance LLC. Acquires 22,975 Shares of ONEOK, Inc. $OKE

Integrity Alliance LLC. raised its holdings in shares of ONEOK, Inc. (NYSE:OKE) by 254.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 32,018 shares of the utilities provider’s stock after purchasing an additional 22,975 shares during the quarter. Integrity Alliance LLC.’s holdings in ONEOK were worth $2,353,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Winnow Wealth LLC purchased a new position in shares of ONEOK during the third quarter valued at $28,000. Elyxium Wealth LLC purchased a new position in shares of ONEOK during the fourth quarter valued at $29,000. SRH Advisors LLC increased its stake in shares of ONEOK by 122.3% during 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. AXS Investments LLC purchased a new position in shares of ONEOK during the third quarter valued at $35,000. Finally, Accredited Wealth Management LLC increased its stake in shares of ONEOK by 342.5% during the third quarter. Accredited Wealth Management LLC now owns 500 shares of the utilities provider’s stock valued at $36,000 after buying an additional 387 shares during the period. Hedge funds and other institutional investors own 69.13% of the company’s stock.

ONEOK Price Performance

OKE opened at $88.16 on Thursday. The business’s 50-day moving average is $88.88 and its two-hundred day moving average is $81.11. 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. The firm has a market capitalization of $55.54 billion, a PE ratio of 15.71, a price-to-earnings-growth ratio of 6.58 and a beta of 0.78.

ONEOK (NYSE:OKE) last posted its earnings results on Tuesday, April 28th. The utilities provider reported $1.23 earnings per share (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 during the quarter, compared to analysts’ expectations of $8.23 billion. During the same quarter last 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 5.76 earnings per share for the current fiscal year.

ONEOK Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Monday, May 4th were paid a $1.07 dividend. This represents a $4.28 annualized dividend and a yield of 4.9%. The ex-dividend date was Monday, May 4th. ONEOK’s payout ratio is 76.29%.

Wall Street Analyst Weigh In

Several analysts have issued reports on OKE shares. Weiss Ratings raised ONEOK from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, May 18th. Mizuho set a $89.00 target price on ONEOK in a research report on Monday, February 23rd. Raymond James Financial restated an “outperform” rating and set a $92.00 price objective on shares of ONEOK in a research note on Thursday, April 30th. TD Cowen upped their price objective on ONEOK from $80.00 to $85.00 and gave the stock a “hold” rating in a research note on Thursday, April 30th. Finally, Jefferies Financial Group upped their price objective on 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 assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $91.88.

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.