Capital Innovations LLC Invests $2.10 Million in ONEOK, Inc. $OKE

Capital Innovations LLC bought a new stake in shares of ONEOK, Inc. (NYSE:OKE) during the fourth quarter, Holdings Channel reports. The fund bought 28,513 shares of the utilities provider’s stock, valued at approximately $2,096,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Elyxium Wealth LLC purchased a new position in shares of ONEOK during the 4th quarter valued at approximately $29,000. SRH Advisors LLC lifted its position in shares of ONEOK by 122.3% during the 4th quarter. SRH Advisors LLC now owns 438 shares of the utilities provider’s stock valued at $32,000 after buying an additional 241 shares in the last quarter. AXS Investments LLC purchased a new position in shares of ONEOK during the 3rd quarter valued at approximately $35,000. Accredited Wealth Management LLC lifted its position in shares of ONEOK by 342.5% during the 3rd 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 in the last quarter. Finally, Texas Capital Bancshares Inc TX purchased a new position in shares of ONEOK during the 3rd quarter valued at approximately $39,000. Hedge funds and other institutional investors own 69.13% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on OKE shares. Weiss Ratings upgraded ONEOK from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, May 18th. TD Cowen increased their target price on ONEOK from $80.00 to $85.00 and gave the company a “hold” rating in a research report on Thursday, April 30th. Jefferies Financial Group increased their target price on ONEOK from $98.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, April 8th. JPMorgan Chase & Co. increased their target price on ONEOK from $91.00 to $92.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Finally, Freedom Capital raised ONEOK from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 5th. Eight research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, ONEOK currently has a consensus rating of “Hold” and a consensus price target of $91.88.

ONEOK Stock Performance

Shares of NYSE:OKE opened at $86.65 on Wednesday. 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 business’s 50 day moving average price is $88.78 and its 200-day moving average price is $81.47. The firm has a market capitalization of $54.59 billion, a PE ratio of 15.45, a P/E/G ratio of 6.31 and a beta of 0.74. ONEOK, Inc. has a 1 year low of $64.02 and a 1 year high of $96.07.

ONEOK (NYSE:OKE) last issued its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $1.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.07). The firm had revenue of $9.62 billion during 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 period in the prior year, the firm earned $1.04 earnings per share. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. As a group, equities research analysts expect that ONEOK, Inc. will post 5.76 earnings per share for the current fiscal year.

ONEOK Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 4th were paid a $1.07 dividend. The ex-dividend date of this dividend was Monday, May 4th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 4.9%. ONEOK’s payout ratio is currently 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.