Mcguire Capital Advisors Inc. Acquires Shares of 38,048 ONEOK, Inc. $OKE

Mcguire Capital Advisors Inc. bought a new position in shares of ONEOK, Inc. (NYSE:OKE) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 38,048 shares of the utilities provider’s stock, valued at approximately $2,797,000. ONEOK accounts for about 1.8% of Mcguire Capital Advisors Inc.’s holdings, making the stock its 12th largest position.

Other large investors have also modified their holdings of the company. Hoxton Planning & Management LLC lifted its stake in shares of ONEOK by 2.3% in the fourth quarter. Hoxton Planning & Management LLC now owns 5,372 shares of the utilities provider’s stock worth $395,000 after buying an additional 120 shares in the last quarter. Disciplined Investments LLC boosted its position in ONEOK by 0.6% during the fourth quarter. Disciplined Investments LLC now owns 21,577 shares of the utilities provider’s stock worth $1,586,000 after acquiring an additional 125 shares during the last quarter. TCV Trust & Wealth Management Inc. grew its stake in ONEOK by 4.2% during the 4th quarter. TCV Trust & Wealth Management Inc. now owns 3,290 shares of the utilities provider’s stock valued at $242,000 after acquiring an additional 133 shares in the last quarter. Loomis Sayles & Co. L P raised its holdings in ONEOK by 14.8% in the 4th quarter. Loomis Sayles & Co. L P now owns 1,034 shares of the utilities provider’s stock valued at $76,000 after acquiring an additional 133 shares during the last quarter. Finally, Empowered Funds LLC raised its holdings in ONEOK by 0.8% in the 1st quarter. Empowered Funds LLC now owns 17,957 shares of the utilities provider’s stock valued at $1,782,000 after acquiring an additional 137 shares during the last quarter. Hedge funds and other institutional investors own 69.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on OKE shares. Citigroup boosted their target price on ONEOK from $95.00 to $97.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Weiss Ratings raised ONEOK from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 18th. Morgan Stanley upped their target price on ONEOK from $104.00 to $113.00 and gave the company an “overweight” rating in a report on Tuesday, April 7th. JPMorgan Chase & Co. raised their target price on ONEOK from $91.00 to $92.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Finally, Barclays lifted their price target on ONEOK from $82.00 to $90.00 and gave the stock 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 issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $91.88.

ONEOK Stock Performance

NYSE:OKE opened at $85.06 on Friday. 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 stock has a market capitalization of $53.59 billion, a P/E ratio of 15.16, a PEG ratio of 6.40 and a beta of 0.74. The company has a 50 day moving average price of $88.09 and a 200 day moving average price of $83.07. ONEOK, Inc. has a fifty-two week low of $64.02 and a fifty-two week high of $96.07.

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). ONEOK had a net margin of 10.03% and a return on equity of 16.06%. The firm had revenue of $9.62 billion during the quarter, compared to analysts’ expectations of $8.23 billion. During the same period in the previous year, the firm earned $1.04 EPS. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. Equities research analysts forecast that ONEOK, Inc. will post 5.72 EPS for the current year.

ONEOK Announces Dividend

The company also recently disclosed 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 dividend yield of 5.0%. The ex-dividend date was Monday, May 4th. ONEOK’s payout ratio 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.