ONEOK, Inc. $OKE Shares Purchased by Castle Rock Wealth Management LLC

Castle Rock Wealth Management LLC raised its stake in shares of ONEOK, Inc. (NYSE:OKE) by 360.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 36,216 shares of the utilities provider’s stock after buying an additional 28,343 shares during the period. Castle Rock Wealth Management LLC’s holdings in ONEOK were worth $2,815,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of OKE. National Pension Service raised its holdings in ONEOK by 2.9% during the 3rd quarter. National Pension Service now owns 857,949 shares of the utilities provider’s stock worth $62,605,000 after buying an additional 24,003 shares during the period. Hudson Edge Investment Partners Inc. lifted its holdings in shares of ONEOK by 34.1% in the third quarter. Hudson Edge Investment Partners Inc. now owns 87,667 shares of the utilities provider’s stock valued at $6,397,000 after purchasing an additional 22,282 shares in the last quarter. Nordea Investment Management AB raised its position in ONEOK by 7.5% during the third quarter. Nordea Investment Management AB now owns 777,262 shares of the utilities provider’s stock valued at $55,885,000 after buying an additional 54,444 shares during the period. Legal & General Group Plc grew its stake in ONEOK by 1.6% during the 3rd quarter. Legal & General Group Plc now owns 5,218,376 shares of the utilities provider’s stock valued at $380,785,000 after acquiring an additional 80,683 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its stake in ONEOK by 29.6% during the 3rd quarter. Jones Financial Companies Lllp now owns 534,285 shares of the utilities provider’s stock valued at $39,401,000 after acquiring an additional 121,891 shares in the last quarter. Institutional investors and hedge funds own 69.13% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Morgan Stanley lifted their target price on ONEOK from $104.00 to $113.00 and gave the company an “overweight” rating in a research note on Tuesday, April 7th. Wells Fargo & Company lowered their price target on ONEOK from $100.00 to $98.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. TD Cowen boosted their price target on ONEOK from $80.00 to $85.00 and gave the company a “hold” rating in a research note on Thursday, April 30th. Weiss Ratings reissued a “hold (c+)” rating on shares of ONEOK in a research note on Monday, May 4th. Finally, Scotiabank cut ONEOK from a “sector outperform” rating to a “sector perform” rating and lowered their price target for the company from $92.00 to $89.00 in a research note on Thursday, April 30th. Seven research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $91.88.

ONEOK Trading Up 0.5%

Shares of NYSE OKE opened at $88.83 on Thursday. The stock has a market cap of $55.96 billion, a price-to-earnings ratio of 15.83, a PEG ratio of 6.33 and a beta of 0.78. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.56 and a current ratio of 0.71. The business has a 50 day simple moving average of $87.49 and a 200 day simple moving average of $79.33. ONEOK, Inc. has a 52 week low of $64.02 and a 52 week high of $95.30.

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 analysts’ consensus estimates 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 previous year, the company earned $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 5.85 earnings per share for the current fiscal year.

ONEOK Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Monday, May 4th will be given a dividend of $1.07 per share. The ex-dividend date of this dividend is Monday, May 4th. This represents a $4.28 dividend on an annualized basis and a yield of 4.8%. ONEOK’s dividend payout ratio is presently 76.29%.

About ONEOK

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.