Mcguire Capital Advisors Inc. Makes New $2.80 Million Investment in ONEOK, Inc. $OKE

Mcguire Capital Advisors Inc. acquired a new position in ONEOK, Inc. (NYSE:OKE) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 38,048 shares of the utilities provider’s stock, valued at approximately $2,797,000. ONEOK comprises about 1.8% of Mcguire Capital Advisors Inc.’s holdings, making the stock its 12th largest holding.

Other large investors have also recently modified their holdings of the company. Brighton Jones LLC grew its holdings in ONEOK by 137.1% in 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 increased its position in shares of ONEOK by 0.8% during the first quarter. Empowered Funds LLC now owns 17,957 shares of the utilities provider’s stock worth $1,782,000 after purchasing an additional 137 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in shares of ONEOK during the 1st quarter valued at $216,000. Federated Hermes Inc. lifted its holdings in shares of ONEOK by 14.0% during the 2nd quarter. Federated Hermes Inc. now owns 3,120 shares of the utilities provider’s stock valued at $255,000 after purchasing an additional 383 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its position in shares of ONEOK by 3.9% in the 2nd quarter. NewEdge Advisors LLC now owns 130,347 shares of the utilities provider’s stock worth $10,640,000 after purchasing an additional 4,902 shares in the last quarter. Institutional investors own 69.13% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Mizuho set a $89.00 price target on ONEOK in a research note on Monday, February 23rd. JPMorgan Chase & Co. boosted their price target on ONEOK from $91.00 to $92.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Freedom Capital upgraded shares of ONEOK from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 5th. Wells Fargo & Company decreased their price objective on shares of ONEOK from $100.00 to $98.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Finally, Scotiabank cut shares of ONEOK from a “sector outperform” rating to a “sector perform” rating and lowered their target price for the stock from $92.00 to $89.00 in a research note on Thursday, April 30th. Eight research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $91.88.

ONEOK Stock Performance

Shares of OKE stock opened at $85.06 on Friday. ONEOK, Inc. has a 52-week low of $64.02 and a 52-week high of $96.07. 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 stock has a market cap of $53.59 billion, a PE ratio of 15.16, a price-to-earnings-growth ratio of 6.40 and a beta of 0.74. The business has a 50-day simple moving average of $88.09 and a 200-day simple moving average of $83.07.

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

ONEOK Announces Dividend

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