Shrier Wealth Management LLC Buys New Shares in ONEOK, Inc. $OKE

Shrier Wealth Management LLC purchased a new position in ONEOK, Inc. (NYSE:OKE) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 23,680 shares of the utilities provider’s stock, valued at approximately $1,740,000.

A number of other institutional investors and hedge funds have also bought and sold shares of OKE. Royal Fund Management LLC lifted its position in shares of ONEOK by 40.8% in the fourth quarter. Royal Fund Management LLC now owns 80,383 shares of the utilities provider’s stock valued at $5,907,000 after acquiring an additional 23,281 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of ONEOK by 4.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 419,479 shares of the utilities provider’s stock worth $31,184,000 after purchasing an additional 18,631 shares in the last quarter. Brookstone Capital Management raised its stake in ONEOK by 1.8% during the 4th quarter. Brookstone Capital Management now owns 60,232 shares of the utilities provider’s stock valued at $4,427,000 after purchasing an additional 1,083 shares during the period. apricus wealth LLC raised its stake in ONEOK by 4.8% during the 4th quarter. apricus wealth LLC now owns 47,250 shares of the utilities provider’s stock valued at $3,473,000 after purchasing an additional 2,164 shares during the period. Finally, J. Safra Sarasin Holding AG lifted its holdings in ONEOK by 15.6% in the 4th quarter. J. Safra Sarasin Holding AG now owns 8,704 shares of the utilities provider’s stock worth $640,000 after purchasing an additional 1,175 shares in the last quarter. 69.13% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

OKE has been the subject of several recent analyst reports. Wolfe Research downgraded ONEOK from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, February 25th. Morgan Stanley reissued an “overweight” rating and issued a $104.00 target price on shares of ONEOK in a report on Wednesday, January 28th. Jefferies Financial Group upgraded shares of ONEOK from a “hold” rating to a “buy” rating and upped their target price for the stock from $85.00 to $98.00 in a research report on Friday, March 20th. Royal Bank Of Canada raised their target price on shares of ONEOK from $79.00 to $84.00 and gave the company a “sector perform” rating in a research note on Thursday, March 19th. Finally, Wells Fargo & Company upgraded shares of ONEOK from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $81.00 to $100.00 in a report on Wednesday, March 25th. Nine investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, ONEOK currently has an average rating of “Moderate Buy” and a consensus price target of $88.94.

ONEOK Stock Performance

Shares of NYSE:OKE opened at $90.29 on Wednesday. ONEOK, Inc. has a 52 week low of $64.02 and a 52 week high of $100.57. The stock has a market capitalization of $56.86 billion, a P/E ratio of 16.66, a PEG ratio of 7.06 and a beta of 0.93. The firm has a fifty day simple moving average of $84.59 and a two-hundred day simple moving average of $76.13. The company has a quick ratio of 0.56, a current ratio of 0.71 and a debt-to-equity ratio of 1.36.

ONEOK (NYSE:OKE) last posted its earnings results on Monday, February 23rd. The utilities provider reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.50 by $0.05. ONEOK had a net margin of 10.09% and a return on equity of 15.29%. The firm had revenue of $9.07 billion for the quarter, compared to the consensus estimate of $8.77 billion. During the same period in the previous year, the firm posted $1.57 EPS. ONEOK has set its FY 2026 guidance at 5.040-5.870 EPS. On average, analysts expect that ONEOK, Inc. will post 5.07 earnings per share for the current fiscal year.

ONEOK Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Monday, February 2nd were paid a dividend of $1.07 per share. The ex-dividend date of this dividend was Monday, February 2nd. This is an increase from ONEOK’s previous quarterly dividend of $1.03. This represents a $4.28 annualized dividend and a yield of 4.7%. ONEOK’s payout ratio is presently 78.97%.

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.