Kestra Private Wealth Services LLC Raises Stake in ONEOK, Inc. $OKE

Kestra Private Wealth Services LLC lifted its stake in shares of ONEOK, Inc. (NYSE:OKE) by 28.6% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 54,060 shares of the utilities provider’s stock after acquiring an additional 12,022 shares during the period. Kestra Private Wealth Services LLC’s holdings in ONEOK were worth $4,886,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ritholtz Wealth Management acquired a new stake in ONEOK during the first quarter worth about $234,000. MBM Wealth Consultants LLC boosted its holdings in ONEOK by 6.0% in the 1st quarter. MBM Wealth Consultants LLC now owns 7,189 shares of the utilities provider’s stock valued at $650,000 after purchasing an additional 404 shares during the last quarter. Brian Low Financial Group LLC acquired a new position in ONEOK in the 1st quarter valued at about $232,000. Blue Trust Inc. grew its stake in shares of ONEOK by 36.3% in the 1st quarter. Blue Trust Inc. now owns 3,751 shares of the utilities provider’s stock valued at $339,000 after buying an additional 998 shares during the period. Finally, RFG Advisory LLC grew its stake in shares of ONEOK by 12.9% in the 1st quarter. RFG Advisory LLC now owns 34,450 shares of the utilities provider’s stock valued at $3,114,000 after buying an additional 3,927 shares during the period. Institutional investors and hedge funds own 69.13% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on OKE. Barclays lifted their price target on shares of ONEOK from $82.00 to $90.00 and gave the company an “equal weight” rating in a research report on Thursday, April 30th. Raymond James Financial reissued an “outperform” rating and set a $92.00 target price on shares of ONEOK in a research note on Thursday, April 30th. Citigroup lifted their target price on ONEOK from $95.00 to $97.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Jefferies Financial Group upped their price target on ONEOK from $98.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, April 8th. Finally, Truist Financial increased their price target on ONEOK from $91.00 to $93.00 and gave the stock a “hold” rating in a report on Monday, May 4th. Eight equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $91.88.

ONEOK Stock Down 0.4%

Shares of NYSE OKE opened at $89.18 on Friday. The company has a quick ratio of 0.56, a current ratio of 0.71 and a debt-to-equity ratio of 1.37. The business’s 50 day moving average is $88.32 and its two-hundred day moving average is $83.55. ONEOK, Inc. has a 52-week low of $64.02 and a 52-week high of $96.07. The firm has a market cap of $56.20 billion, a price-to-earnings ratio of 15.90, a PEG ratio of 6.69 and a beta of 0.74.

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). The firm had revenue of $9.62 billion for the quarter, compared to analysts’ expectations 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 prior year, the business earned $1.04 earnings per share. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. Research analysts predict that ONEOK, Inc. will post 5.72 EPS for the current year.

ONEOK Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Monday, May 4th were given a $1.07 dividend. This represents a $4.28 annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend was Monday, May 4th. 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.