Hudson Value Partners LLC Takes $3.06 Million Position in ONEOK, Inc. $OKE

Hudson Value Partners LLC purchased a new stake in ONEOK, Inc. (NYSE:OKE) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 41,516 shares of the utilities provider’s stock, valued at approximately $3,063,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. City Holding Co. acquired a new stake in shares of ONEOK in the third quarter valued at about $28,000. Winnow Wealth LLC acquired a new stake in shares of ONEOK in the third quarter valued at about $28,000. Financial Consulate Inc. acquired a new stake in ONEOK during the third quarter worth approximately $29,000. SRH Advisors LLC grew its stake in ONEOK by 122.3% during the fourth quarter. SRH Advisors LLC now owns 438 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 241 shares during the period. Finally, AXS Investments LLC acquired a new stake in ONEOK during the third quarter worth approximately $35,000. Institutional investors and hedge funds own 69.13% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on OKE shares. Scotiabank reaffirmed an “outperform” rating on shares of ONEOK in a research note on Monday, April 13th. Truist Financial started coverage on ONEOK in a research note on Tuesday, March 24th. They set a “hold” rating and a $91.00 target price for the company. Wolfe Research cut ONEOK from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, February 25th. Morgan Stanley raised their target price on ONEOK from $104.00 to $113.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 7th. Finally, Jefferies Financial Group raised their target price on ONEOK from $98.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, April 8th. Nine investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $89.69.

ONEOK Stock Up 1.2%

Shares of NYSE:OKE opened at $84.81 on Wednesday. The business’s 50 day simple moving average is $86.72 and its two-hundred day simple moving average is $77.54. The firm has a market cap of $53.43 billion, a P/E ratio of 15.65, a PEG ratio of 6.32 and a beta of 0.84. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.56 and a current ratio of 0.71. ONEOK, Inc. has a 52-week low of $64.02 and a 52-week high of $95.30.

ONEOK (NYSE:OKE) last announced its quarterly earnings results on Monday, February 23rd. The utilities provider reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.50 by $0.05. The business had revenue of $9.07 billion for the quarter, compared to analyst estimates of $8.77 billion. ONEOK had a return on equity of 15.29% and a net margin of 10.09%.During the same quarter in the prior year, the company earned $1.57 earnings per share. ONEOK has set its FY 2026 guidance at 5.040-5.870 EPS. As a group, research analysts forecast that ONEOK, Inc. will post 5.54 EPS for the current fiscal year.

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.