ONEOK, Inc. $OKE Shares Purchased by Elevation Point Wealth Partners LLC

Elevation Point Wealth Partners LLC boosted its position in ONEOK, Inc. (NYSE:OKE) by 257.6% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 22,488 shares of the utilities provider’s stock after acquiring an additional 16,200 shares during the period. Elevation Point Wealth Partners LLC’s holdings in ONEOK were worth $1,641,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of OKE. Brighton Jones LLC boosted its holdings in shares of ONEOK by 137.1% during the fourth quarter. Brighton Jones LLC now owns 15,278 shares of the utilities provider’s stock worth $1,534,000 after purchasing an additional 8,834 shares during the last quarter. Empowered Funds LLC grew its position in shares of ONEOK by 0.8% in the first quarter. Empowered Funds LLC now owns 17,957 shares of the utilities provider’s stock valued at $1,782,000 after purchasing an additional 137 shares during the period. Acadian Asset Management LLC acquired a new position in ONEOK in the first quarter valued at $216,000. KBC Group NV increased its stake in ONEOK by 2.3% in the second quarter. KBC Group NV now owns 50,852 shares of the utilities provider’s stock valued at $4,151,000 after purchasing an additional 1,136 shares during the last quarter. Finally, Foundations Investment Advisors LLC lifted its position in ONEOK by 8.2% during the second quarter. Foundations Investment Advisors LLC now owns 10,114 shares of the utilities provider’s stock worth $826,000 after buying an additional 769 shares during the period. 69.13% of the stock is currently owned by institutional investors and hedge funds.

ONEOK Price Performance

OKE stock opened at $85.44 on Monday. The company has a market cap of $53.81 billion, a PE ratio of 15.76, a price-to-earnings-growth ratio of 6.50 and a beta of 0.93. The company has a current ratio of 0.71, a quick ratio of 0.56 and a debt-to-equity ratio of 1.36. The stock has a 50-day moving average price of $80.59 and a two-hundred day moving average price of $74.77. ONEOK, Inc. has a 12-month low of $64.02 and a 12-month high of $103.64.

ONEOK (NYSE:OKE) last released its quarterly earnings data on Monday, February 23rd. The utilities provider reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.50 by $0.05. The company had revenue of $9.07 billion for the quarter, compared to the consensus estimate of $8.77 billion. ONEOK had a return on equity of 15.29% and a net margin of 10.09%.During the same period last year, the business posted $1.57 EPS. ONEOK has set its FY 2026 guidance at 5.040-5.870 EPS. As a group, research analysts predict that ONEOK, Inc. will post 5.07 EPS for the current year.

ONEOK Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Monday, February 2nd were issued a $1.07 dividend. The ex-dividend date was Monday, February 2nd. This is a positive change from ONEOK’s previous quarterly dividend of $1.03. This represents a $4.28 annualized dividend and a yield of 5.0%. ONEOK’s payout ratio is 78.97%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Mizuho set a $89.00 price target on ONEOK in a research note on Monday, February 23rd. UBS Group cut their price objective on shares of ONEOK from $114.00 to $103.00 and set a “buy” rating on the stock in a report on Thursday, January 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of ONEOK in a research report on Monday, December 29th. Jefferies Financial Group started coverage on shares of ONEOK in a report on Tuesday, January 20th. They issued a “hold” rating and a $80.00 target price for the company. Finally, Barclays upped their price target on shares of ONEOK from $76.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 5th. Seven research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $86.60.

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.