Savant Capital LLC Buys 6,489 Shares of ONEOK, Inc. $OKE

Savant Capital LLC lifted its stake in ONEOK, Inc. (NYSE:OKE) by 61.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,069 shares of the utilities provider’s stock after buying an additional 6,489 shares during the quarter. Savant Capital LLC’s holdings in ONEOK were worth $1,255,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Elyxium Wealth LLC purchased a new stake in shares of ONEOK during the fourth quarter worth about $29,000. SRH Advisors LLC grew its position in shares of ONEOK by 122.3% during the fourth quarter. SRH Advisors LLC now owns 438 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 241 shares in the last quarter. AXS Investments LLC purchased a new stake in shares of ONEOK during the third quarter worth about $35,000. Accredited Wealth Management LLC grew its position in shares of 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 purchasing an additional 387 shares in the last quarter. Finally, Texas Capital Bancshares Inc TX purchased a new stake in shares of ONEOK during the third quarter worth about $39,000. Institutional investors own 69.13% of the company’s stock.

Wall Street Analyst Weigh In

OKE has been the subject of several research analyst reports. Royal Bank Of Canada increased their target price on ONEOK from $79.00 to $84.00 and gave the stock a “sector perform” rating in a research report on Thursday, March 19th. Citigroup increased their target price on ONEOK from $95.00 to $97.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Wall Street Zen upgraded ONEOK from a “sell” rating to a “hold” rating in a research report on Tuesday, May 26th. Raymond James Financial reiterated an “outperform” rating and set a $92.00 target price on shares of ONEOK in a research report on Thursday, April 30th. Finally, Wolfe Research cut ONEOK from an “outperform” rating to a “peer perform” rating in a report on Wednesday, February 25th. Eight equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, ONEOK presently has an average rating of “Hold” and a consensus target price of $91.88.

ONEOK Stock Performance

NYSE OKE opened at $84.96 on Tuesday. The stock has a market capitalization of $53.52 billion, a PE ratio of 15.14, a P/E/G ratio of 6.23 and a beta of 0.74. The business has a 50 day simple moving average of $88.78 and a two-hundred day simple moving average of $81.47. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.71 and a quick ratio of 0.56. ONEOK, Inc. has a 1-year low of $64.02 and a 1-year high of $96.07.

ONEOK (NYSE:OKE) last announced its earnings results on Tuesday, April 28th. The utilities provider reported $1.23 EPS 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 quarter last year, the firm posted $1.04 EPS. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. On average, research analysts predict 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. Stockholders of record on Monday, May 4th were issued a $1.07 dividend. 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 payout ratio is 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.