Marble Wealth LLC Makes New Investment in ONEOK, Inc. $OKE

Marble Wealth LLC acquired a new position in shares of ONEOK, Inc. (NYSE:OKE) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,206 shares of the utilities provider’s stock, valued at approximately $677,000.

Several other institutional investors have also recently bought and sold shares of the business. Capital Innovations LLC acquired a new position in ONEOK during the fourth quarter worth $2,096,000. Calton & Associates Inc. acquired a new position in ONEOK during the fourth quarter worth $230,000. Heritage Trust Co raised its holdings in ONEOK by 2.4% during the fourth quarter. Heritage Trust Co now owns 62,506 shares of the utilities provider’s stock worth $4,594,000 after buying an additional 1,456 shares during the last quarter. One Capital Management LLC raised its holdings in ONEOK by 122.7% during the fourth quarter. One Capital Management LLC now owns 12,959 shares of the utilities provider’s stock worth $952,000 after buying an additional 7,141 shares during the last quarter. Finally, New Mexico Educational Retirement Board raised its holdings in ONEOK by 2.8% during the fourth quarter. New Mexico Educational Retirement Board now owns 29,010 shares of the utilities provider’s stock worth $2,132,000 after buying an additional 800 shares during the last quarter. Institutional investors and hedge funds own 69.13% of the company’s stock.

ONEOK Price Performance

OKE opened at $86.99 on Thursday. The firm has a market cap of $54.81 billion, a P/E ratio of 15.51, a PEG ratio of 6.48 and a beta of 0.74. The firm has a 50-day moving average of $88.67 and a 200 day moving average of $81.72. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.56 and a current ratio of 0.71. ONEOK, Inc. has a fifty-two week low of $64.02 and a fifty-two week high of $96.07.

ONEOK (NYSE:OKE) last posted its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $1.23 earnings per share for the quarter, missing the consensus estimate of $1.30 by ($0.07). The company had revenue of $9.62 billion for the quarter, compared to the consensus estimate of $8.23 billion. ONEOK had a net margin of 10.03% and a return on equity of 16.06%. During the same quarter in the previous year, the company posted $1.04 EPS. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. On average, research analysts expect that ONEOK, Inc. will post 5.72 EPS for the current year.

ONEOK Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Monday, May 4th were given a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date was Monday, May 4th. ONEOK’s dividend payout ratio (DPR) is currently 76.29%.

Wall Street Analyst Weigh In

Several research firms have weighed in on OKE. Jefferies Financial Group upped their price objective on shares of ONEOK from $98.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, April 8th. Truist Financial upped their target price on shares of ONEOK from $91.00 to $93.00 and gave the stock a “hold” rating in a research note on Monday, May 4th. Royal Bank Of Canada upped their target price on shares of ONEOK from $79.00 to $84.00 and gave the stock a “sector perform” rating in a research note on Thursday, March 19th. Barclays upped 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. Finally, Citigroup upped their target price on shares of ONEOK from $95.00 to $97.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Eight analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus 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.