Impact Partnership Wealth LLC Invests $563,000 in ONEOK, Inc. $OKE

Impact Partnership Wealth LLC bought a new position in shares of ONEOK, Inc. (NYSE:OKE) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 7,658 shares of the utilities provider’s stock, valued at approximately $563,000.

Several other hedge funds have also modified their holdings of OKE. Winnow Wealth LLC purchased a new stake in shares of ONEOK during the 3rd quarter worth about $28,000. Elyxium Wealth LLC purchased a new stake in shares of ONEOK during the 4th quarter worth about $29,000. SRH Advisors LLC boosted its stake in shares of ONEOK by 122.3% during the 4th quarter. SRH Advisors LLC now owns 438 shares of the utilities provider’s stock worth $32,000 after acquiring an additional 241 shares in the last quarter. AXS Investments LLC purchased a new stake in shares of ONEOK during the 3rd quarter worth about $35,000. Finally, Accredited Wealth Management LLC boosted its stake 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 worth $36,000 after acquiring an additional 387 shares in the last quarter. 69.13% of the stock is owned by hedge funds and other institutional investors.

ONEOK Trading Down 3.4%

Shares of ONEOK stock opened at $84.05 on Friday. The firm has a market capitalization of $52.95 billion, a PE ratio of 14.98, a P/E/G ratio of 6.23 and a beta of 0.78. ONEOK, Inc. has a twelve month low of $64.02 and a twelve month high of $96.07. The firm’s 50-day moving average price is $88.85 and its 200 day moving average price is $81.26. The company has a current ratio of 0.71, a quick ratio of 0.56 and a debt-to-equity ratio of 1.37.

ONEOK (NYSE:OKE) last issued its quarterly earnings results 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). The company had revenue of $9.62 billion during the quarter, compared to analysts’ expectations of $8.23 billion. ONEOK had a net margin of 10.03% and a return on equity of 16.06%. During the same period in the prior year, the business posted $1.04 earnings per share. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. On average, sell-side analysts predict that ONEOK, Inc. will post 5.76 EPS for the current fiscal year.

ONEOK Announces Dividend

The firm 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 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date of this dividend was Monday, May 4th. ONEOK’s dividend payout ratio (DPR) is 76.29%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on OKE shares. Mizuho set a $89.00 target price on shares of ONEOK in a research note on Monday, February 23rd. Barclays increased their target price on shares of ONEOK from $82.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 30th. Wells Fargo & Company decreased their price target on shares of ONEOK from $100.00 to $98.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Morgan Stanley raised their price target on shares of ONEOK from $104.00 to $113.00 and gave the company an “overweight” rating in a research note on Tuesday, April 7th. Finally, Freedom Capital raised shares of 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 given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price 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.