Kiley Juergens Wealth Management LLC Invests $516,000 in ONEOK, Inc. $OKE

Kiley Juergens Wealth Management LLC purchased a new position in ONEOK, Inc. (NYSE:OKE) in the 1st quarter, Holdings Channel.com reports. The institutional investor purchased 5,707 shares of the utilities provider’s stock, valued at approximately $516,000.

Other institutional investors also recently bought and sold shares of the company. Zions Bancorporation National Association UT raised its stake in ONEOK by 73.3% in the fourth quarter. Zions Bancorporation National Association UT now owns 338 shares of the utilities provider’s stock worth $25,000 after buying an additional 143 shares in the last quarter. Elyxium Wealth LLC bought a new stake in ONEOK during the 4th quarter valued at $29,000. Cornerstone Financial Management LLC bought a new stake in ONEOK during the 4th quarter valued at $29,000. SRH Advisors LLC increased its holdings in shares of ONEOK by 122.3% in the 4th quarter. SRH Advisors LLC now owns 438 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 241 shares during the period. Finally, Portus Wealth Advisors LLC purchased a new position in shares of ONEOK in the 1st quarter valued at $33,000. 69.13% of the stock is owned by hedge funds and other institutional investors.

ONEOK Trading Up 3.8%

NYSE OKE opened at $90.73 on Wednesday. ONEOK, Inc. has a 12-month low of $64.02 and a 12-month high of $96.07. The company has a fifty day simple moving average of $88.66 and a two-hundred day simple moving average of $84.33. The company has a current ratio of 0.71, a quick ratio of 0.56 and a debt-to-equity ratio of 1.37. The stock has a market cap of $57.17 billion, a P/E ratio of 16.17, a P/E/G ratio of 6.54 and a beta of 0.73.

ONEOK (NYSE:OKE) last announced its quarterly earnings data 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). 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 analysts’ expectations of $8.23 billion. During the same period last year, the firm earned $1.04 earnings per share. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. On average, analysts forecast that ONEOK, Inc. will post 5.72 earnings per share for the current year.

ONEOK Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 4th were issued a $1.07 dividend. The ex-dividend date of this dividend was Monday, May 4th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 4.7%. ONEOK’s dividend payout ratio is currently 76.29%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on OKE shares. Citigroup upped their price objective on ONEOK from $95.00 to $97.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Raymond James Financial reiterated an “outperform” rating and issued a $92.00 target price on shares of ONEOK in a research note on Thursday, April 30th. Morgan Stanley boosted their target price on shares of ONEOK from $104.00 to $113.00 and gave the stock an “overweight” rating in a report on Tuesday, April 7th. Jefferies Financial Group increased their price target on shares of ONEOK from $98.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, April 8th. Finally, Truist Financial lifted their price objective on shares of ONEOK from $91.00 to $93.00 and gave the stock a “hold” rating in a research report on Monday, May 4th. Eight equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target 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.