Texas Bank & Trust Co Acquires New Position in ONEOK, Inc. $OKE

Texas Bank & Trust Co bought a new position in shares of ONEOK, Inc. (NYSE:OKE) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 5,416 shares of the utilities provider’s stock, valued at approximately $398,000.

Other hedge funds have also bought and sold shares of the company. Kingdom Financial Group LLC. purchased a new position in ONEOK in the 4th quarter worth $146,000. Alan B Lancz & Associates Inc. lifted its position in ONEOK by 24.4% during the 4th quarter. Alan B Lancz & Associates Inc. now owns 8,162 shares of the utilities provider’s stock worth $600,000 after acquiring an additional 1,600 shares during the period. Global Retirement Partners LLC grew its stake in ONEOK by 5.1% during the 4th quarter. Global Retirement Partners LLC now owns 48,914 shares of the utilities provider’s stock valued at $3,595,000 after purchasing an additional 2,368 shares during the last quarter. KDT Advisors LLC increased its holdings in shares of ONEOK by 25.9% in the fourth quarter. KDT Advisors LLC now owns 3,765 shares of the utilities provider’s stock valued at $277,000 after purchasing an additional 775 shares during the period. Finally, Mach 1 Financial Group LLC purchased a new position in shares of ONEOK in the fourth quarter worth about $316,000. Institutional investors and hedge funds own 69.13% of the company’s stock.

Analyst Ratings Changes

OKE has been the topic of several research reports. JPMorgan Chase & Co. increased their price target on shares of ONEOK from $91.00 to $92.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Jefferies Financial Group increased their price objective on shares of ONEOK from $98.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, April 8th. Royal Bank Of Canada boosted their target price on shares of ONEOK from $79.00 to $84.00 and gave the company a “sector perform” rating in a research report on Thursday, March 19th. Wolfe Research downgraded ONEOK from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, February 25th. Finally, Barclays boosted their price objective on ONEOK from $82.00 to $90.00 and gave the company an “equal weight” rating in a report on Thursday, April 30th. Eight investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $91.88.

ONEOK Price Performance

Shares of ONEOK stock opened at $92.77 on Friday. 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 business has a 50-day moving average price of $88.38 and a 200 day moving average price of $80.38. The firm has a market cap of $58.45 billion, a PE ratio of 16.54, a P/E/G ratio of 6.70 and a beta of 0.78.

ONEOK (NYSE:OKE) last issued its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $1.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.07). The business had revenue of $9.62 billion for 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 in the prior year, the company posted $1.04 EPS. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. Sell-side analysts predict that ONEOK, Inc. will post 5.76 earnings per share for the current fiscal year.

ONEOK Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 4th were issued a $1.07 dividend. This represents a $4.28 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend was Monday, May 4th. ONEOK’s payout ratio is presently 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.