Infrastructure Capital Advisors LLC Buys 25,400 Shares of ONEOK, Inc. $OKE

Infrastructure Capital Advisors LLC raised its stake in shares of ONEOK, Inc. (NYSE:OKE) by 21.5% in the 4th quarter, Holdings Channel reports. The firm owned 143,296 shares of the utilities provider’s stock after purchasing an additional 25,400 shares during the quarter. ONEOK accounts for 1.0% of Infrastructure Capital Advisors LLC’s investment portfolio, making the stock its 23rd largest holding. Infrastructure Capital Advisors LLC’s holdings in ONEOK were worth $10,532,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. Inspire Investing LLC raised its position in ONEOK by 4.7% during the 4th quarter. Inspire Investing LLC now owns 5,790 shares of the utilities provider’s stock worth $426,000 after purchasing an additional 261 shares during the last quarter. Investment Management Corp of Ontario raised its position in ONEOK by 29.2% during the 4th quarter. Investment Management Corp of Ontario now owns 59,046 shares of the utilities provider’s stock worth $4,340,000 after purchasing an additional 13,332 shares during the last quarter. Janus Henderson Group PLC raised its position in ONEOK by 1.7% during the 4th quarter. Janus Henderson Group PLC now owns 3,620,540 shares of the utilities provider’s stock worth $266,111,000 after purchasing an additional 61,813 shares during the last quarter. Gotham Asset Management LLC raised its position in ONEOK by 145.4% during the 4th quarter. Gotham Asset Management LLC now owns 299,426 shares of the utilities provider’s stock worth $22,008,000 after purchasing an additional 177,419 shares during the last quarter. Finally, Evolve Private Wealth LLC bought a new position in ONEOK during the 4th quarter worth $914,000. 69.13% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Raymond James Financial reaffirmed an “outperform” rating and set a $92.00 target price on shares of ONEOK in a research report on Thursday, April 30th. Barclays raised their target price on ONEOK from $82.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 30th. Wells Fargo & Company lowered their price objective on ONEOK from $100.00 to $98.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Scotiabank lowered ONEOK from a “sector outperform” rating to a “sector perform” rating and lowered their price objective for the stock from $92.00 to $89.00 in a research report on Thursday, April 30th. Finally, Morgan Stanley lifted their price objective on ONEOK from $104.00 to $113.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 7th. Eight research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $91.88.

ONEOK Stock Down 0.9%

ONEOK stock 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 12-month low of $64.02 and a 12-month high of $96.07. The firm’s fifty day moving average is $88.20 and its 200 day moving average is $82.98. The company has a market capitalization of $53.89 billion, a PE ratio of 15.25, a PEG ratio of 6.45 and a beta of 0.74.

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

ONEOK Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 4th were given a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date of this dividend was Monday, May 4th. ONEOK’s payout ratio is presently 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.