ONEOK, Inc. $OKE Stock: Soltis Investment Advisors LLC Increases Position

Soltis Investment Advisors LLC increased its holdings in shares of ONEOK, Inc. (NYSE:OKE) by 482.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,783 shares of the utilities provider’s stock after buying an additional 11,418 shares during the quarter. Soltis Investment Advisors LLC’s holdings in ONEOK were worth $1,175,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in OKE. Sawyer & Company Inc acquired a new stake in ONEOK in the third quarter worth about $102,000. MBM Wealth Consultants LLC grew its stake in shares of ONEOK by 18.3% during the third quarter. MBM Wealth Consultants LLC now owns 8,665 shares of the utilities provider’s stock worth $739,000 after acquiring an additional 1,341 shares during the last quarter. CWA Asset Management Group LLC grew its stake in shares of ONEOK by 8.1% during the third quarter. CWA Asset Management Group LLC now owns 2,894 shares of the utilities provider’s stock worth $247,000 after acquiring an additional 218 shares during the last quarter. CFS Investment Advisory Services LLC increased its holdings in shares of ONEOK by 77.1% during the third quarter. CFS Investment Advisory Services LLC now owns 5,059 shares of the utilities provider’s stock valued at $451,000 after acquiring an additional 2,202 shares in the last quarter. Finally, Benedict Financial Advisors Inc. increased its holdings in shares of ONEOK by 1.2% during the third quarter. Benedict Financial Advisors Inc. now owns 29,473 shares of the utilities provider’s stock valued at $2,513,000 after acquiring an additional 358 shares in the last quarter. 69.13% of the stock is owned by institutional investors and hedge funds.

More ONEOK News

Here are the key news stories impacting ONEOK this week:

• Positive Sentiment: ONEOK reported third-quarter revenue of approximately $12.46 billion and diluted EPS of $2.13, exceeding analysts’ consensus estimate of $1.50. Record Permian volumes and contributions from the Brazos Midland acquisition supported the results. What ONEOK’s Raised Guidance Means for Shareholders
• Positive Sentiment: Management raised its 2026 adjusted EBITDA guidance to $8.5 billion-$8.6 billion, or roughly $8.55 billion at the midpoint, and increased full-year net-income guidance to $4.09 billion-$4.27 billion. The company cited Permian growth, infrastructure expansion and the Brazos acquisition as key drivers. ONEOK Outlines Leverage Target While Raising EBITDA Guidance
• Positive Sentiment: ONEOK reported about $5.5 billion of debt repayment, received credit-rating upgrades and outlined a 3.25x leverage target. These developments may ease balance-sheet concerns following its expansion and minority equity investment. What ONEOK’s Raised Guidance Means for Shareholders
• Positive Sentiment: Truist Financial raised its price target for OKE from $104 to $105 while maintaining a Hold rating, implying additional upside based on the referenced price. Truist Financial ONEOK Rating
• Neutral Sentiment: Jefferies increased its price target from $94 to $97, but the revised target is broadly consistent with the current trading range and does not represent a major change in its outlook. Jefferies Adjusts Price Target on ONEOK
• Negative Sentiment: US Capital Advisors lowered its EPS forecasts for 2026, 2027 and several upcoming quarters, including FY2027 EPS from $6.36 to $6.12, suggesting some caution about the pace of future earnings growth. It retained a Moderate Buy rating. ONEOK FY2028 Earnings Forecast Lifted
• Negative Sentiment: After a strong multi-year rally, investors may question how much of ONEOK’s improved earnings outlook is already reflected in the valuation, particularly with the stock near its 52-week high. ONEOK Stock May Look Reasonable on Raised 2026 Guidance

Analysts Set New Price Targets

Several brokerages recently commented on OKE. Jefferies Financial Group set a $97.00 price objective on shares of ONEOK in a research report on Thursday. Seaport Research Partners boosted their target price on shares of ONEOK from $95.00 to $100.00 and gave the stock a “buy” rating in a research report on Monday, August 3rd. Weiss Ratings raised shares of ONEOK from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, October 21st. Scotiabank restated a “sector perform” rating and set a $96.00 price target on shares of ONEOK in a research note on Thursday, October 15th. Finally, Wall Street Zen upgraded shares of ONEOK from a “sell” rating to a “hold” rating in a research note on Sunday, August 9th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $98.05.

ONEOK Stock Performance

Shares of OKE stock opened at $97.10 on Friday. The business has a fifty day moving average of $92.86 and a 200 day moving average of $88.59. ONEOK, Inc. has a 1 year low of $64.02 and a 1 year high of $99.85. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.84 and a quick ratio of 0.59. The firm has a market capitalization of $61.22 billion, a price-to-earnings ratio of 15.08, a price-to-earnings-growth ratio of 1.93 and a beta of 0.82.

ONEOK (NYSE:OKE) last posted its quarterly earnings results on Tuesday, October 27th. The utilities provider reported $2.13 earnings per share for the quarter, beating the consensus estimate of $1.50 by $0.63. The business had revenue of $12.46 billion for the quarter, compared to the consensus estimate of $10.54 billion. ONEOK had a return on equity of 16.36% and a net margin of 9.42%. During the same quarter in the previous year, the business earned $1.49 EPS. As a group, research analysts expect that ONEOK, Inc. will post 6.16 earnings per share for the current year.

ONEOK Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Monday, November 2nd will be paid a $1.07 dividend. This represents a $4.28 annualized dividend and a dividend yield of 4.4%. The ex-dividend date is Monday, November 2nd. ONEOK’s dividend payout ratio (DPR) is presently 66.46%.

ONEOK Company Profile

ONEOK, Inc is an energy infrastructure company that operates midstream assets across the United States. Its business includes the gathering, processing, storage and transportation of natural gas, as well as the gathering, fractionation, storage and transportation of natural gas liquids (NGLs). The company also provides transportation and storage services for refined petroleum products, crude oil and other related commodities.

ONEOK serves major producing and consuming regions, including the Mid-Continent, Rocky Mountain, Permian and Gulf Coast areas.