Texas Bank & Trust Co Buys Shares of 5,416 ONEOK, Inc. $OKE

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

A number of other institutional investors have also recently made changes to their positions in OKE. Winnow Wealth LLC acquired a new stake in ONEOK during the 3rd quarter worth $28,000. Elyxium Wealth LLC purchased a new stake in ONEOK during the 4th quarter valued at about $29,000. SRH Advisors LLC grew its stake in ONEOK by 122.3% during the 4th quarter. SRH Advisors LLC now owns 438 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 241 shares in the last quarter. AXS Investments LLC acquired a new stake in ONEOK in the 3rd quarter valued at about $35,000. Finally, Accredited Wealth Management LLC lifted its stake in ONEOK by 342.5% in the 3rd 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. 69.13% of the stock is owned by institutional investors and hedge funds.

ONEOK Price Performance

ONEOK stock opened at $92.77 on Friday. The company’s 50 day simple moving average is $88.38 and its 200-day simple moving average is $80.38. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.56 and a current ratio of 0.71. ONEOK, Inc. has a 1 year low of $64.02 and a 1 year high of $96.07. The company has a market capitalization of $58.45 billion, a price-to-earnings ratio of 16.54, a price-to-earnings-growth ratio of 6.70 and a beta of 0.78.

ONEOK (NYSE:OKE) last posted its earnings results on Tuesday, April 28th. The utilities provider reported $1.23 earnings per share for the quarter, missing the consensus estimate of $1.30 by ($0.07). ONEOK had a net margin of 10.03% and a return on equity of 16.06%. The company had revenue of $9.62 billion during the quarter, compared to analyst estimates of $8.23 billion. During the same quarter last year, the business posted $1.04 EPS. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. As a group, equities research analysts expect that ONEOK, Inc. will post 5.76 earnings per share for the current year.

ONEOK Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 4th were issued a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date was Monday, May 4th. ONEOK’s dividend payout ratio (DPR) is 76.29%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Wolfe Research lowered ONEOK from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, February 25th. Royal Bank Of Canada upped their target price on ONEOK from $79.00 to $84.00 and gave the company a “sector perform” rating in a report on Thursday, March 19th. Barclays raised their target price on ONEOK from $82.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 30th. Raymond James Financial reissued an “outperform” rating and set a $92.00 price target on shares of ONEOK in a research report on Thursday, April 30th. Finally, TD Cowen raised their price objective on shares of ONEOK from $80.00 to $85.00 and gave the stock a “hold” rating in a research report on Thursday, April 30th. Eight equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $91.88.

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.