Benjamin Edwards Inc. Has $20.35 Million Position in ONEOK, Inc. $OKE

Key Points

• Benjamin Edwards increased its stake in ONEOK by 4.7% to 276,920 shares, a holding valued at approximately $20.35 million at the end of the quarter.
• ONEOK raised its 2026 outlook (adjusted EBITDA midpoint of $8.25B and net income of $3.5B) and reported ~12% growth in adjusted EBITDA despite a Q1 EPS miss, while maintaining a 4.7% dividend yield
• Analyst sentiment is mixed: the consensus rating is "Hold" with an average price target of $91.06, but firms range from upgrades (e.g., Morgan Stanley raising its target to $113, overweight) to downgrades (e.g., Scotiabank), reflecting divergent views on near‑term upside.

Benjamin Edwards Inc. increased its stake in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 4.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 276,920 shares of the utilities provider's stock after buying an additional 12,477 shares during the quarter. Benjamin Edwards Inc.'s holdings in ONEOK were worth $20,354,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. City Holding Co. acquired a new stake in ONEOK during the third quarter worth approximately $28,000. Winnow Wealth LLC acquired a new stake in ONEOK during the third quarter worth approximately $28,000. Financial Consulate Inc. acquired a new stake in ONEOK during the third quarter worth approximately $29,000. SRH Advisors LLC lifted its stake in ONEOK by 122.3% during the fourth quarter. SRH Advisors LLC now owns 438 shares of the utilities provider's stock worth $32,000 after purchasing an additional 241 shares during the last quarter. Finally, AXS Investments LLC bought a new stake in ONEOK during the third quarter worth $35,000. Institutional investors and hedge funds own 69.13% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on OKE shares. Truist Financial started coverage on ONEOK in a research note on Tuesday, March 24th. They set a "hold" rating and a $91.00 target price for the company. Royal Bank Of Canada upped their target price on ONEOK from $79.00 to $84.00 and gave the stock a "sector perform" rating in a research note on Thursday, March 19th. Wall Street Zen cut ONEOK from a "hold" rating to a "sell" rating in a research note on Saturday. Wells Fargo & Company cut their target price on ONEOK from $100.00 to $98.00 and set an "overweight" rating for the company in a research note on Thursday. Finally, Morgan Stanley upped their target price on ONEOK from $104.00 to $113.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 7th. Seven investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $91.06.

More ONEOK News

Here are the key news stories impacting ONEOK this week:

• Positive Sentiment: Company raised guidance and 2026 outlook — ONEOK announced a 2026 adjusted EBITDA midpoint of $8.25B and raised its net income outlook to $3.5B, signaling stronger forward cash flow and underpinning the stock’s recent strength. ONEOK projects 2026 adjusted EBITDA midpoint of $8.25B as it raises net income outlook to $3.5B
• Positive Sentiment: Management sees momentum continuing — Coverage notes (and company commentary) highlight robust earnings growth, a 4.7% yield and management’s view that Q1 momentum will continue into the year, supporting dividend income investors. This 4.7%-Yielding Energy Stock Reported Robust Earnings Growth and Sees More Growth Coming Down the Pipeline
• Positive Sentiment: Analysts lifting views — Some analysts have issued upgrades and upward revisions to forecasts after Q1 and the guidance raise, boosting near-term sentiment and supporting share price resilience. New Forecasts: Here's What Analysts Think The Future Holds For ONEOK, Inc. NYSE: OKE
• Positive Sentiment: Wells Fargo remains constructive — Wells Fargo trimmed its price target slightly (to $98) but kept an overweight rating, implying continued analyst confidence in longer-term upside. Wells Fargo price target note via Benzinga
• Positive Sentiment: Small upward EPS tweak from an independent analyst — US Capital Advisors nudged FY2027 EPS estimates slightly higher, a modest reaffirmation of earnings power. MarketBeat EPS estimate note
• Neutral Sentiment: Q1 results were mixed — ONEOK reported Q1 EPS below consensus ($1.23 vs. ~$1.30) but adjusted EBITDA rose ~12% year‑over‑year and management increased guidance, leaving investors weighing earnings miss vs. stronger cash-flow metrics. ONEOK (OKE) Reports First-Quarter EPS of $1.23
• Neutral Sentiment: Analyst model updates are mixed — Brokers and independent services have revised forecasts after Q1, producing both buy-side and hold-side adjustments rather than a consensus directional shift. These Analysts Revise Their Forecasts On ONEOK Following Q1 Results
• Positive Sentiment: Included on lists of attractive infrastructure stocks — Inclusion on several “infrastructure / high upside” lists can attract longer‑term institutional and dividend investors. 8 Best Infrastructure Stocks to Buy with Highest Upside Potential
• Negative Sentiment: Scotiabank cut the stock — Scotiabank downgraded ONEOK, saying it’s a less compelling value versus other liquids names, which increases downside pressure from benchmark-focused investors. ONEOK cut at Scotiabank as less compelling value proposition vs other liquids names
• Negative Sentiment: TD Cowen still cautious — TD Cowen lifted its target to $85 but left a “hold” rating, implying limited near‑term upside and signaling some investor skepticism; the target sits below recent trade levels. TD Cowen target change via Benzinga/The Fly

ONEOK Stock Performance

NYSE OKE opened at $90.58 on Friday. The company has a market capitalization of $57.07 billion, a price-to-earnings ratio of 16.15, a PEG ratio of 6.84 and a beta of 0.78. ONEOK, Inc. has a twelve month low of $64.02 and a twelve month high of $95.30. The stock has a fifty day simple moving average of $87.11 and a 200 day simple moving average of $78.35. The company has a quick ratio of 0.56, a current ratio of 0.71 and a debt-to-equity ratio of 1.37.

ONEOK (NYSE:OKE - Get Free Report) last posted its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $1.23 earnings per share for the quarter, missing analysts' consensus estimates of $1.30 by ($0.07). The company had revenue of $9.62 billion during the quarter, compared to analyst estimates of $8.23 billion. ONEOK had a net margin of 10.03% and a return on equity of 16.06%. During the same quarter in the previous year, the company earned $1.04 earnings per share. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. Sell-side analysts expect that ONEOK, Inc. will post 5.53 EPS for the current year.

ONEOK Dividend Announcement

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

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.

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