ONEOK, Inc. $OKE Shares Purchased by Creative Financial Designs Inc. ADV

Creative Financial Designs Inc. ADV boosted its holdings in ONEOK, Inc. (NYSE:OKE) by 351.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,448 shares of the utilities provider’s stock after buying an additional 16,692 shares during the quarter. Creative Financial Designs Inc. ADV’s holdings in ONEOK were worth $1,565,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of ONEOK by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 77,222,590 shares of the utilities provider’s stock worth $5,634,932,000 after acquiring an additional 711,619 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in ONEOK by 2.9% during the second quarter. Charles Schwab Investment Management Inc. now owns 21,570,904 shares of the utilities provider’s stock worth $1,760,833,000 after purchasing an additional 613,674 shares during the last quarter. Geode Capital Management LLC boosted its holdings in ONEOK by 2.3% in the second quarter. Geode Capital Management LLC now owns 15,800,797 shares of the utilities provider’s stock valued at $1,284,303,000 after purchasing an additional 355,751 shares in the last quarter. Invesco Ltd. increased its stake in ONEOK by 0.6% in the second quarter. Invesco Ltd. now owns 8,386,831 shares of the utilities provider’s stock valued at $684,617,000 after purchasing an additional 46,892 shares during the last quarter. Finally, Norges Bank purchased a new position in ONEOK in the second quarter valued at approximately $562,832,000. 69.13% of the stock is owned by hedge funds and other institutional investors.

ONEOK Trading Down 1.6%

NYSE OKE opened at $82.67 on Friday. The firm’s fifty day moving average is $78.17 and its two-hundred day moving average is $73.98. ONEOK, Inc. has a one year low of $64.02 and a one year high of $103.64. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.75 and a current ratio of 0.71. The firm has a market cap of $52.06 billion, a PE ratio of 15.25, a P/E/G ratio of 4.88 and a beta of 0.96.

ONEOK (NYSE:OKE) last announced its earnings results on Monday, February 23rd. The utilities provider reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.50 by $0.05. ONEOK had a net margin of 10.09% and a return on equity of 15.29%. The business had revenue of $9.07 billion during the quarter, compared to the consensus estimate of $8.77 billion. During the same quarter in the prior year, the firm earned $1.57 earnings per share. ONEOK has set its FY 2026 guidance at 5.040-5.870 EPS. Analysts expect that ONEOK, Inc. will post 5.07 earnings per share for the current year.

ONEOK Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Monday, February 2nd were paid a $1.07 dividend. This is an increase from ONEOK’s previous quarterly dividend of $1.03. The ex-dividend date was Monday, February 2nd. This represents a $4.28 annualized dividend and a dividend yield of 5.2%. ONEOK’s dividend payout ratio (DPR) is 78.97%.

Wall Street Analysts Forecast Growth

OKE has been the subject of several recent analyst reports. Mizuho set a $89.00 price objective on shares of ONEOK in a research report on Monday, February 23rd. Wolfe Research lowered shares of ONEOK from an “outperform” rating to a “peer perform” rating in a research note on Wednesday. Weiss Ratings restated a “hold (c)” rating on shares of ONEOK in a research note on Monday, December 29th. UBS Group dropped their price objective on ONEOK from $114.00 to $103.00 and set a “buy” rating on the stock in a report on Thursday, January 22nd. Finally, Scotiabank reissued an “outperform” rating and issued a $91.00 target price on shares of ONEOK in a report on Friday, January 16th. Seven equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $86.07.

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.