ONEOK, Inc. $OKE Position Increased by Gateway Wealth Partners LLC

Gateway Wealth Partners LLC boosted its holdings in ONEOK, Inc. (NYSE:OKE) by 130.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 14,798 shares of the utilities provider’s stock after buying an additional 8,364 shares during the quarter. Gateway Wealth Partners LLC’s holdings in ONEOK were worth $1,338,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Royal Capital Wealth Management LLC acquired a new stake in shares of ONEOK during the first quarter worth $260,000. Quadcap Wealth Management LLC lifted its holdings in shares of ONEOK by 2.1% during the first quarter. Quadcap Wealth Management LLC now owns 7,967 shares of the utilities provider’s stock valued at $720,000 after purchasing an additional 162 shares during the last quarter. Cypress Capital Group boosted its position in shares of ONEOK by 721.8% in the 1st quarter. Cypress Capital Group now owns 30,406 shares of the utilities provider’s stock valued at $2,748,000 after purchasing an additional 26,706 shares during the period. Everest Financial Group LLC acquired a new position in shares of ONEOK in the 1st quarter valued at $466,000. Finally, OMERS ADMINISTRATION Corp increased its stake in ONEOK by 31.5% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 27,512 shares of the utilities provider’s stock worth $2,487,000 after purchasing an additional 6,584 shares in the last quarter. Institutional investors own 69.13% of the company’s stock.

Key Headlines Impacting ONEOK

Here are the key news stories impacting ONEOK this week:

• Positive Sentiment: ONEOK reaffirmed its quarterly dividend at $1.07 per share, maintaining an annualized payout of $4.28. The commitment supports the stock’s income appeal, particularly as midstream companies continue to generate strong free cash flow that can fund dividends and buybacks. ONEOK affirms dividend ahead of earnings Midstream and MLP free cash flow
• Positive Sentiment: Valuation coverage argues that OKE remains reasonably priced after delivering a roughly 126% total return over five years, with discounted-cash-flow and market-multiple estimates placing fair value above the recent share price. Zacks also identifies the company as attractive for momentum and long-term growth-oriented investors. ONEOK valuation analysis ONEOK momentum stock analysis
• Neutral Sentiment: Analysts expect earnings to grow, but ONEOK’s consensus analyst rating remains “Hold,” suggesting limited conviction ahead of the report. Investors will be watching results and management guidance for confirmation of the growth outlook. ONEOK consensus rating
• Negative Sentiment: Recent trading showed OKE weakening even as the broader market rose. Zacks also noted that the company lacks the two key indicators typically associated with a likely earnings beat, increasing near-term event risk. ONEOK previously reported quarterly EPS below consensus, making the upcoming earnings release especially important. ONEOK earnings expectations

Analysts Set New Price Targets

OKE has been the topic of several recent analyst reports. Truist Financial boosted their price objective on ONEOK from $91.00 to $93.00 and gave the stock a “hold” rating in a report on Monday, May 4th. Citigroup raised their target price on shares of ONEOK from $95.00 to $97.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Barclays dropped their target price on shares of ONEOK from $90.00 to $88.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 8th. Weiss Ratings upgraded shares of ONEOK from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, May 18th. Finally, Morgan Stanley raised their price objective on shares of ONEOK from $104.00 to $113.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 7th. Eight investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $92.44.

ONEOK Trading Down 0.5%

Shares of NYSE OKE opened at $89.00 on Wednesday. The business has a 50 day simple moving average of $89.27 and a 200 day simple moving average of $86.31. ONEOK, Inc. has a 52 week low of $64.02 and a 52 week high of $96.07. The stock has a market cap of $56.08 billion, a price-to-earnings ratio of 15.86, a PEG ratio of 4.84 and a beta of 0.73. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.56 and a current ratio of 0.71.

ONEOK (NYSE:OKE) last issued its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $1.23 earnings per share for the quarter, missing the consensus estimate of $1.30 by ($0.07). The business had revenue of $9.62 billion for the quarter, compared to the consensus estimate of $8.23 billion. ONEOK had a net margin of 10.03% and a return on equity of 16.06%. During the same period in the previous year, the business posted $1.04 EPS. On average, research analysts predict that ONEOK, Inc. will post 5.65 earnings per share for the current fiscal year.

ONEOK Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Monday, August 3rd will be paid a $1.07 dividend. This represents a $4.28 annualized dividend and a dividend yield of 4.8%. The ex-dividend date of this dividend is Monday, August 3rd. ONEOK’s payout ratio is presently 76.29%.

ONEOK Company 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.