Shrier Wealth Management LLC Purchases New Shares in ONEOK, Inc. $OKE

Shrier Wealth Management LLC purchased a new position in ONEOK, Inc. (NYSE:OKE) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 23,680 shares of the utilities provider’s stock, valued at approximately $1,740,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. City Holding Co. purchased a new stake in shares of ONEOK in the third quarter valued at $28,000. Winnow Wealth LLC purchased a new position in shares of ONEOK during the 3rd quarter worth about $28,000. Global Wealth Strategies & Associates bought a new position in ONEOK during the 3rd quarter valued at about $29,000. Financial Consulate Inc. bought a new position in ONEOK during the 3rd quarter valued at about $29,000. Finally, Twin Peaks Wealth Advisors LLC purchased a new stake in ONEOK in the 2nd quarter worth about $34,000. 69.13% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

OKE has been the subject of several recent analyst reports. Morgan Stanley restated an “overweight” rating and set a $104.00 target price on shares of ONEOK in a research report on Wednesday, January 28th. UBS Group reduced their price target on ONEOK from $114.00 to $103.00 and set a “buy” rating on the stock in a report on Thursday, January 22nd. Scotiabank reissued an “outperform” rating and set a $91.00 price target on shares of ONEOK in a research note on Friday, January 16th. Weiss Ratings restated a “hold (c)” rating on shares of ONEOK in a report on Monday, December 29th. Finally, Royal Bank Of Canada upped their price objective on ONEOK from $79.00 to $84.00 and gave the company a “sector perform” rating in a research report on Thursday, March 19th. Nine research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $88.94.

ONEOK Stock Down 2.9%

Shares of NYSE:OKE opened at $90.29 on Wednesday. ONEOK, Inc. has a 52-week low of $64.02 and a 52-week high of $100.57. The stock has a market cap of $56.86 billion, a P/E ratio of 16.66, a price-to-earnings-growth ratio of 7.06 and a beta of 0.93. The business’s 50 day moving average is $84.59 and its 200 day moving average is $76.13. The company has a quick ratio of 0.56, a current ratio of 0.71 and a debt-to-equity ratio of 1.36.

ONEOK (NYSE:OKE) last issued its earnings results on Monday, February 23rd. The utilities provider reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.50 by $0.05. ONEOK had a return on equity of 15.29% and a net margin of 10.09%.The business had revenue of $9.07 billion during the quarter, compared to analyst estimates of $8.77 billion. During the same period in the previous year, the company posted $1.57 EPS. ONEOK has set its FY 2026 guidance at 5.040-5.870 EPS. Sell-side analysts predict that ONEOK, Inc. will post 5.07 EPS for the current year.

ONEOK Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Monday, February 2nd were paid a dividend of $1.07 per share. This is an increase from ONEOK’s previous quarterly dividend of $1.03. This represents a $4.28 annualized dividend and a dividend yield of 4.7%. The ex-dividend date was Monday, February 2nd. ONEOK’s payout ratio is 78.97%.

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.