Infrastructure Capital Advisors LLC Has $10.53 Million Stock Holdings in ONEOK, Inc. $OKE

Infrastructure Capital Advisors LLC raised its holdings in ONEOK, Inc. (NYSE:OKE) by 21.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 143,296 shares of the utilities provider’s stock after purchasing an additional 25,400 shares during the quarter. ONEOK accounts for approximately 1.0% of Infrastructure Capital Advisors LLC’s investment portfolio, making the stock its 23rd biggest position. Infrastructure Capital Advisors LLC’s holdings in ONEOK were worth $10,532,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Inspire Investing LLC boosted its holdings in shares of ONEOK by 4.7% in the 4th quarter. Inspire Investing LLC now owns 5,790 shares of the utilities provider’s stock valued at $426,000 after purchasing an additional 261 shares in the last quarter. Investment Management Corp of Ontario boosted its holdings in shares of ONEOK by 29.2% in the 4th quarter. Investment Management Corp of Ontario now owns 59,046 shares of the utilities provider’s stock valued at $4,340,000 after purchasing an additional 13,332 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in shares of ONEOK by 1.7% in the 4th quarter. Janus Henderson Group PLC now owns 3,620,540 shares of the utilities provider’s stock valued at $266,111,000 after purchasing an additional 61,813 shares in the last quarter. Gotham Asset Management LLC boosted its holdings in shares of ONEOK by 145.4% in the 4th quarter. Gotham Asset Management LLC now owns 299,426 shares of the utilities provider’s stock valued at $22,008,000 after purchasing an additional 177,419 shares in the last quarter. Finally, Evolve Private Wealth LLC acquired a new stake in shares of ONEOK in the 4th quarter valued at $914,000. Institutional investors and hedge funds own 69.13% of the company’s stock.

ONEOK Trading Down 0.9%

NYSE OKE opened at $85.53 on Thursday. The company has a quick ratio of 0.56, a current ratio of 0.71 and a debt-to-equity ratio of 1.37. ONEOK, Inc. has a twelve month low of $64.02 and a twelve month high of $96.07. The company has a market cap of $53.89 billion, a price-to-earnings ratio of 15.25, a price-to-earnings-growth ratio of 6.45 and a beta of 0.74. The business’s fifty day moving average is $88.20 and its 200 day moving average is $82.98.

ONEOK (NYSE:OKE) last released its quarterly earnings data 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). ONEOK had a net margin of 10.03% and a return on equity of 16.06%. The firm had revenue of $9.62 billion for the quarter, compared to analyst estimates of $8.23 billion. During the same period last year, the business earned $1.04 EPS. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. As a group, sell-side analysts expect that ONEOK, Inc. will post 5.72 EPS for the current fiscal year.

ONEOK Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 4th were issued a dividend of $1.07 per share. The ex-dividend date of this dividend was Monday, May 4th. This represents a $4.28 annualized dividend and a dividend yield of 5.0%. ONEOK’s dividend payout ratio (DPR) is 76.29%.

Analysts Set New Price Targets

A number of brokerages have weighed in on OKE. Raymond James Financial reaffirmed an “outperform” rating and issued a $92.00 target price on shares of ONEOK in a report on Thursday, April 30th. Morgan Stanley raised their target price on ONEOK from $104.00 to $113.00 and gave the company an “overweight” rating in a report on Tuesday, April 7th. Truist Financial raised their target price on ONEOK from $91.00 to $93.00 and gave the company a “hold” rating in a report on Monday, May 4th. TD Cowen raised their target price on ONEOK from $80.00 to $85.00 and gave the company a “hold” rating in a report on Thursday, April 30th. Finally, Jefferies Financial Group raised their target price on ONEOK from $98.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, April 8th. Eight investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, ONEOK presently 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.