Rare Wolf Capital LLC Makes New $608,000 Investment in ONEOK, Inc. $OKE

Rare Wolf Capital LLC purchased a new position in ONEOK, Inc. (NYSE:OKE) in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 8,273 shares of the utilities provider’s stock, valued at approximately $608,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Zions Bancorporation National Association UT increased its position in shares of ONEOK by 73.3% during the 4th quarter. Zions Bancorporation National Association UT now owns 338 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 143 shares during the period. Elyxium Wealth LLC acquired a new stake in shares of ONEOK in the fourth quarter valued at $29,000. Cornerstone Financial Management LLC acquired a new stake in shares of ONEOK in the fourth quarter valued at $29,000. SRH Advisors LLC boosted its stake in ONEOK by 122.3% during the fourth quarter. SRH Advisors LLC now owns 438 shares of the utilities provider’s stock valued at $32,000 after buying an additional 241 shares in the last quarter. Finally, Accredited Wealth Management LLC grew its holdings 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 acquiring an additional 387 shares during the period. 69.13% of the stock is currently owned by institutional investors.

ONEOK Trading Down 0.6%

Shares of NYSE OKE opened at $85.06 on Friday. ONEOK, Inc. has a 12 month low of $64.02 and a 12 month high of $96.07. The company has a market cap of $53.59 billion, a price-to-earnings ratio of 15.16, a P/E/G ratio of 6.40 and a beta of 0.74. The company has a quick ratio of 0.56, a current ratio of 0.71 and a debt-to-equity ratio of 1.37. The business has a fifty day simple moving average of $88.09 and a 200-day simple moving average of $83.07.

ONEOK (NYSE:OKE) last issued its quarterly 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 return on equity of 16.06% and a net margin of 10.03%.During the same period in the prior year, the business posted $1.04 EPS. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. Sell-side analysts predict that ONEOK, Inc. will post 5.72 EPS for the current year.

ONEOK Announces Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages have commented on OKE. Mizuho set a $89.00 price target on shares of ONEOK in a research report on Monday, February 23rd. Scotiabank lowered shares of ONEOK from a “sector outperform” rating to a “sector perform” rating and reduced their price objective for the company from $92.00 to $89.00 in a research report on Thursday, April 30th. Wolfe Research cut shares of ONEOK from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, February 25th. Wall Street Zen upgraded shares of ONEOK from a “sell” rating to a “hold” rating in a report on Tuesday, May 26th. Finally, Citigroup increased their target price on shares of ONEOK from $95.00 to $97.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Eight investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus 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.