Forefront Wealth Management Inc. Has $2.10 Million Stake in ONEOK, Inc. $OKE

Key Points

• Forefront Wealth Management cut its stake in ONEOK by 29.9% in Q4, selling 12,229 shares and now owning 28,631 shares worth $2.104 million (about 1.5% of its portfolio and its 26th largest holding).
• Analysts hold a consensus rating of “Moderate Buy” with an average target of $89.63 (current price ~ $86), and ONEOK has issued FY2026 EPS guidance of 5.04–5.87 with street estimates around 5.07.
• ONEOK raised its quarterly dividend to $1.07 (annualized $4.28), implying a ~5.0% yield and a payout ratio near 79%.

Forefront Wealth Management Inc. lowered its position in ONEOK, Inc. (NYSE:OKE - Free Report) by 29.9% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 28,631 shares of the utilities provider's stock after selling 12,229 shares during the period. ONEOK accounts for approximately 1.5% of Forefront Wealth Management Inc.'s portfolio, making the stock its 26th largest position. Forefront Wealth Management Inc.'s holdings in ONEOK were worth $2,104,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. National Pension Service lifted its holdings in shares of ONEOK by 2.9% in the 3rd quarter. National Pension Service now owns 857,949 shares of the utilities provider's stock worth $62,605,000 after purchasing an additional 24,003 shares in the last quarter. Hudson Edge Investment Partners Inc. lifted its holdings in shares of ONEOK by 34.1% in the 3rd quarter. Hudson Edge Investment Partners Inc. now owns 87,667 shares of the utilities provider's stock worth $6,397,000 after purchasing an additional 22,282 shares in the last quarter. Nordea Investment Management AB lifted its holdings in shares of ONEOK by 7.5% in the 3rd quarter. Nordea Investment Management AB now owns 777,262 shares of the utilities provider's stock worth $55,885,000 after purchasing an additional 54,444 shares in the last quarter. Tectonic Advisors LLC lifted its holdings in shares of ONEOK by 41.1% in the 3rd quarter. Tectonic Advisors LLC now owns 188,842 shares of the utilities provider's stock worth $13,780,000 after purchasing an additional 55,024 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its holdings in shares of ONEOK by 29.6% in the 3rd quarter. Jones Financial Companies Lllp now owns 534,285 shares of the utilities provider's stock worth $39,401,000 after purchasing an additional 121,891 shares in the last quarter. 69.13% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

OKE has been the topic of a number of recent research reports. Jefferies Financial Group increased their target price on ONEOK from $98.00 to $100.00 and gave the stock a "buy" rating in a report on Wednesday, April 8th. Royal Bank Of Canada increased their price target on ONEOK from $79.00 to $84.00 and gave the company a "sector perform" rating in a research report on Thursday, March 19th. Truist Financial started coverage on ONEOK in a research report on Tuesday, March 24th. They issued a "hold" rating and a $91.00 price target for the company. JPMorgan Chase & Co. downgraded shares of ONEOK from an "overweight" rating to a "neutral" rating and lowered their target price for the company from $87.00 to $83.00 in a report on Tuesday, January 27th. Finally, Barclays increased their target price on shares of ONEOK from $76.00 to $82.00 and gave the company an "equal weight" rating in a report on Thursday, March 5th. Nine analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $89.63.

ONEOK Stock Performance

Shares of OKE stock opened at $86.26 on Monday. The firm has a 50-day moving average of $86.15 and a 200-day moving average of $76.98. The company has a market cap of $54.35 billion, a P/E ratio of 15.91, a P/E/G ratio of 6.52 and a beta of 0.84. The company has a debt-to-equity ratio of 1.36, 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 announced its earnings results on Monday, February 23rd. The utilities provider reported $1.55 EPS for the quarter, beating 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 company 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 company posted $1.57 earnings per share. ONEOK has set its FY 2026 guidance at 5.040-5.870 EPS. Equities research analysts forecast that ONEOK, Inc. will post 5.07 EPS for the current fiscal year.

ONEOK Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Monday, February 2nd were given a dividend of $1.07 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a $4.28 annualized dividend and a dividend yield of 5.0%. This is a boost from ONEOK's previous quarterly dividend of $1.03. ONEOK's payout ratio is 78.97%.

About ONEOK

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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