Alliance Wealth Advisors LLC UT Sells 13,886 Shares of ONEOK, Inc. $OKE

Key Points

• Alliance Wealth Advisors LLC UT cut its ONEOK stake by 33.9%, selling 13,886 shares and finishing the quarter with 27,057 shares worth about $1.99 million.
• ONEOK reported Q earnings of $1.23 EPS (missing estimates by $0.07) while revenue beat at $9.62 billion, set FY2026 guidance at 5.53 EPS, and declared a quarterly dividend of $1.07 (annualized yield ~4.7%).
• Analysts' consensus is a "Hold" with an average price target of $91.19, and the stock trades near $90.76 with a market cap of roughly $57.2 billion.

Alliance Wealth Advisors LLC UT lowered its stake in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 33.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,057 shares of the utilities provider's stock after selling 13,886 shares during the quarter. Alliance Wealth Advisors LLC UT's holdings in ONEOK were worth $1,989,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in OKE. TCV Trust & Wealth Management Inc. increased its position 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 worth $242,000 after purchasing an additional 133 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of ONEOK by 0.8% during the first quarter. Empowered Funds LLC now owns 17,957 shares of the utilities provider's stock worth $1,782,000 after purchasing an additional 137 shares during the last quarter. Fourpath Capital Management LLC grew its holdings in shares of ONEOK by 1.6% during the fourth quarter. Fourpath Capital Management LLC now owns 8,628 shares of the utilities provider's stock worth $634,000 after purchasing an additional 140 shares during the last quarter. JFS Wealth Advisors LLC increased its stake in shares of ONEOK by 8.4% in the fourth quarter. JFS Wealth Advisors LLC now owns 1,864 shares of the utilities provider's stock valued at $137,000 after buying an additional 144 shares during the period. Finally, Avion Wealth raised its holdings in ONEOK by 20.3% in the 4th quarter. Avion Wealth now owns 882 shares of the utilities provider's stock valued at $64,000 after buying an additional 149 shares during the last quarter. 69.13% of the stock is owned by institutional investors and hedge funds.

ONEOK Trading Up 0.4%

NYSE OKE opened at $90.76 on Tuesday. The stock has a market capitalization of $57.18 billion, a P/E ratio of 16.18, a P/E/G ratio of 6.84 and a beta of 0.78. The business has a 50 day simple moving average of $87.11 and a 200 day simple moving average of $78.41. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.71 and a quick ratio of 0.56. ONEOK, Inc. has a one year low of $64.02 and a one year high of $95.30.

ONEOK (NYSE:OKE - Get Free Report) last issued its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $1.23 earnings per share (EPS) 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 business had revenue of $9.62 billion during the quarter, compared to analyst estimates of $8.23 billion. During the same period last year, the firm posted $1.04 earnings per share. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. Research analysts expect that ONEOK, Inc. will post 5.53 earnings per share for the current year.

ONEOK Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Monday, May 4th will be issued a $1.07 dividend. The ex-dividend date is Monday, May 4th. This represents a $4.28 annualized dividend and a yield of 4.7%. ONEOK's dividend payout ratio is presently 76.29%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. UBS Group cut their target price on shares of ONEOK from $114.00 to $103.00 and set a "buy" rating on the stock in a research report on Thursday, January 22nd. Wall Street Zen cut shares of ONEOK from a "hold" rating to a "sell" rating in a research report on Saturday. Jefferies Financial Group raised their price target on shares of ONEOK from $98.00 to $100.00 and gave the company a "buy" rating in a research note on Wednesday, April 8th. Barclays boosted their price objective on shares of ONEOK from $82.00 to $90.00 and gave the stock an "equal weight" rating in a research note on Thursday. Finally, Scotiabank downgraded shares of ONEOK from a "sector outperform" rating to a "sector perform" rating and decreased their target price for the company from $92.00 to $89.00 in a research report on Thursday. Seven equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $91.19.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.