Marble Wealth LLC Makes New $677,000 Investment in ONEOK, Inc. $OKE

Marble Wealth LLC bought a new position in shares of ONEOK, Inc. (NYSE:OKE) in the fourth quarter, Holdings Channel.com reports. The firm bought 9,206 shares of the utilities provider’s stock, valued at approximately $677,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in OKE. Elyxium Wealth LLC bought a new position in ONEOK during the fourth quarter worth about $29,000. SRH Advisors LLC boosted its position 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. Accredited Wealth Management LLC boosted its position in ONEOK by 342.5% during the third quarter. Accredited Wealth Management LLC now owns 500 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 387 shares during the period. Texas Capital Bancshares Inc TX bought a new position in ONEOK during the third quarter worth about $39,000. Finally, Quest 10 Wealth Builders Inc. boosted its position in ONEOK by 54.6% during the fourth quarter. Quest 10 Wealth Builders Inc. now owns 609 shares of the utilities provider’s stock worth $45,000 after purchasing an additional 215 shares during the period. Institutional investors own 69.13% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Mizuho set a $89.00 price target on shares of ONEOK in a report on Monday, February 23rd. Raymond James Financial reissued an “outperform” rating and issued a $92.00 price target on shares of ONEOK in a report on Thursday, April 30th. Freedom Capital raised shares of ONEOK from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 5th. Citigroup increased their price target on shares of ONEOK from $95.00 to $97.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Finally, JPMorgan Chase & Co. increased their price target on shares of ONEOK from $91.00 to $92.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Eight research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $91.88.

ONEOK Trading Up 0.3%

Shares of OKE opened at $86.99 on Thursday. The firm’s 50 day simple moving average is $88.67 and its 200 day simple moving average is $81.72. The company has a market capitalization of $54.81 billion, a P/E ratio of 15.51, a P/E/G ratio of 6.48 and a beta of 0.74. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.71 and a quick ratio of 0.56. ONEOK, Inc. has a 1-year low of $64.02 and a 1-year high of $96.07.

ONEOK (NYSE:OKE) last announced its earnings results on Tuesday, April 28th. The utilities provider reported $1.23 earnings per share for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.07). The company had revenue of $9.62 billion during the quarter, compared to analysts’ expectations of $8.23 billion. ONEOK had a net margin of 10.03% and a return on equity of 16.06%. During the same period in the prior year, the business earned $1.04 earnings per share. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. Sell-side analysts forecast that ONEOK, Inc. will post 5.72 earnings per share for the current fiscal year.

ONEOK Announces Dividend

The business also recently announced 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 4.9%. The ex-dividend date of this dividend was Monday, May 4th. ONEOK’s dividend payout ratio (DPR) is currently 76.29%.

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.