Harvest Portfolios Group Inc. Purchases 10,848 Shares of ONEOK, Inc. $OKE

Harvest Portfolios Group Inc. grew its position in shares of ONEOK, Inc. (NYSE:OKE) by 8.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 133,741 shares of the utilities provider’s stock after buying an additional 10,848 shares during the quarter. Harvest Portfolios Group Inc.’s holdings in ONEOK were worth $9,830,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Winnow Wealth LLC bought a new stake in ONEOK during the 3rd quarter valued at $28,000. Elyxium Wealth LLC bought a new stake in ONEOK during the 4th quarter valued at $29,000. SRH Advisors LLC raised its holdings in ONEOK by 122.3% during the 4th quarter. SRH Advisors LLC now owns 438 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 241 shares during the period. AXS Investments LLC bought a new stake in ONEOK during the 3rd quarter valued at $35,000. Finally, Accredited Wealth Management LLC raised its holdings in ONEOK by 342.5% during the 3rd quarter. Accredited Wealth Management LLC now owns 500 shares of the utilities provider’s stock valued at $36,000 after acquiring an additional 387 shares during the period. Institutional investors own 69.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on OKE. Morgan Stanley boosted their target price on shares of ONEOK from $104.00 to $113.00 and gave the company an “overweight” rating in a report on Tuesday, April 7th. Wolfe Research lowered shares of ONEOK from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, February 25th. Freedom Capital upgraded shares of ONEOK from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th. Barclays boosted their price target on shares of ONEOK from $82.00 to $90.00 and gave the company an “equal weight” rating in a research report on Thursday, April 30th. Finally, Wells Fargo & Company reduced their price target on shares of ONEOK from $100.00 to $98.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Seven research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $91.88.

ONEOK Stock Up 1.5%

Shares of NYSE:OKE opened at $95.15 on Wednesday. ONEOK, Inc. has a 52-week low of $64.02 and a 52-week high of $95.65. The firm has a fifty day moving average of $88.09 and a 200 day moving average of $80.02. The firm has a market capitalization of $59.95 billion, a PE ratio of 16.96, a price-to-earnings-growth ratio of 6.82 and a beta of 0.78. 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 (NYSE:OKE) last posted its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.30 by ($0.07). ONEOK had a net margin of 10.03% and a return on equity of 16.06%. The business had revenue of $9.62 billion for the quarter, compared to analysts’ expectations of $8.23 billion. During the same quarter in the previous year, the company earned $1.04 earnings per share. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. As a group, research analysts anticipate that ONEOK, Inc. will post 5.76 EPS for the current fiscal year.

ONEOK Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors 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 4.5%. The ex-dividend date of this dividend was Monday, May 4th. ONEOK’s dividend payout ratio is presently 76.29%.

ONEOK Company 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.