Gaddis Premier Wealth Advisors LLC Makes New Investment in ONEOK, Inc. $OKE

Gaddis Premier Wealth Advisors LLC bought a new position in shares of ONEOK, Inc. (NYSE:OKE) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 6,750 shares of the utilities provider’s stock, valued at approximately $496,000.

Other institutional investors also recently bought and sold shares of the company. Elyxium Wealth LLC purchased a new stake in shares of ONEOK in the 4th quarter valued at approximately $29,000. SRH Advisors LLC raised its stake 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. Accredited Wealth Management LLC raised its stake 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 valued at $36,000 after acquiring an additional 387 shares during the period. Texas Capital Bancshares Inc TX purchased a new stake in shares of ONEOK in the 3rd quarter valued at approximately $39,000. Finally, Quest 10 Wealth Builders Inc. raised its stake in shares of ONEOK by 54.6% in the 4th quarter. Quest 10 Wealth Builders Inc. now owns 609 shares of the utilities provider’s stock valued at $45,000 after acquiring an additional 215 shares during the period. 69.13% of the stock is owned by hedge funds and other institutional investors.

ONEOK Trading Down 0.1%

Shares of OKE stock opened at $88.13 on Tuesday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.56 and a current ratio of 0.71. The stock has a market capitalization of $55.52 billion, a P/E ratio of 15.71, a price-to-earnings-growth ratio of 6.60 and a beta of 0.74. The company has a 50 day moving average price of $88.45 and a 200 day moving average price of $82.11. ONEOK, Inc. has a fifty-two week low of $64.02 and a fifty-two week high of $96.07.

ONEOK (NYSE:OKE) last announced its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $1.23 earnings per share for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.07). ONEOK had a net margin of 10.03% and a return on equity of 16.06%. The business had revenue of $9.62 billion during the quarter, compared to analyst estimates of $8.23 billion. During the same quarter last year, the firm posted $1.04 EPS. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. Equities research analysts predict that ONEOK, Inc. will post 5.72 EPS for the current fiscal 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 issued a dividend of $1.07 per share. 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 Analysts Forecast Growth

A number of equities research analysts have recently issued reports on OKE shares. Raymond James Financial reissued an “outperform” rating and issued a $92.00 price target on shares of ONEOK in a research note on Thursday, April 30th. Barclays boosted their price target on shares of ONEOK from $82.00 to $90.00 and gave the company an “equal weight” rating in a research note on Thursday, April 30th. Scotiabank downgraded shares of ONEOK from a “sector outperform” rating to a “sector perform” rating and reduced their price target for the company from $92.00 to $89.00 in a research note on Thursday, April 30th. JPMorgan Chase & Co. boosted their price target on shares of ONEOK from $91.00 to $92.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Finally, Wells Fargo & Company dropped their price objective on shares of ONEOK from $100.00 to $98.00 and set an “overweight” rating for the company 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 stock. According to data from MarketBeat.com, ONEOK presently has a consensus rating of “Hold” and an average target price of $91.88.

About ONEOK

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.