GW Henssler & Associates Ltd. Has $6.51 Million Stock Holdings in ONEOK, Inc. $OKE

GW Henssler & Associates Ltd. lessened its holdings in ONEOK, Inc. (NYSE:OKE) by 32.8% during the fourth quarter, HoldingsChannel reports. The firm owned 88,588 shares of the utilities provider’s stock after selling 43,188 shares during the quarter. GW Henssler & Associates Ltd.’s holdings in ONEOK were worth $6,511,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Elyxium Wealth LLC acquired a new stake in shares of ONEOK in the 4th quarter valued at $29,000. SRH Advisors LLC boosted 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 purchasing an additional 241 shares in the last quarter. AXS Investments LLC acquired a new stake in shares of ONEOK in the 3rd quarter valued at $35,000. Accredited Wealth Management LLC boosted its holdings in shares of ONEOK by 342.5% in the 3rd quarter. Accredited Wealth Management LLC now owns 500 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 387 shares in the last quarter. Finally, Texas Capital Bancshares Inc TX acquired a new stake in shares of ONEOK in the 3rd quarter valued at $39,000. Institutional investors and hedge funds own 69.13% of the company’s stock.

Wall Street Analyst Weigh In

OKE has been the topic of a number of research analyst reports. Jefferies Financial Group raised their target price on ONEOK from $98.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, April 8th. Wells Fargo & Company reduced their target price on ONEOK from $100.00 to $98.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Wolfe Research downgraded ONEOK from an “outperform” rating to a “peer perform” rating in a report on Wednesday, February 25th. TD Cowen raised their price objective on ONEOK from $80.00 to $85.00 and gave the company a “hold” rating in a report on Thursday, April 30th. Finally, Wall Street Zen raised ONEOK from a “sell” rating to a “hold” rating in a report on Tuesday, May 26th. 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.com, the company presently has a consensus rating of “Hold” and an average target price of $91.88.

ONEOK Trading Up 1.2%

NYSE OKE opened at $84.96 on Tuesday. 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 twelve month low of $64.02 and a twelve month high of $96.07. The company has a market cap of $53.52 billion, a price-to-earnings ratio of 15.14, a price-to-earnings-growth ratio of 6.23 and a beta of 0.74. The business’s fifty day moving average is $88.78 and its 200 day moving average is $81.47.

ONEOK (NYSE:OKE) last announced its earnings results on Tuesday, April 28th. The utilities provider reported $1.23 earnings per share (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 the consensus estimate 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 earned $1.04 earnings per share. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. As a group, sell-side analysts expect that ONEOK, Inc. will post 5.76 EPS for the current fiscal year.

ONEOK Dividend Announcement

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