Garner Asset Management Corp Has $3.08 Million Stake in ONEOK, Inc. $OKE

Key Points

• Garner Asset Management boosted its stake in ONEOK by 62.1% in Q4 to 41,913 shares valued at $3.08 million, making ONEOK about 1.2% of Garner's portfolio and its 21st-largest holding.
• ONEOK reported Q1 EPS of $1.23 (missed the $1.30 estimate) with revenue of $9.62 billion and set FY2026 guidance at 5.53 EPS; analysts' consensus is an average "Hold" rating with a $91.19 price target.
• The company declared a quarterly dividend of $1.07 per share (annualized $4.28), implying a yield of about 4.8%; the ex-dividend date is May 4 and the payment date is May 15.

Garner Asset Management Corp boosted its holdings in ONEOK, Inc. (NYSE:OKE - Free Report) by 62.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 41,913 shares of the utilities provider's stock after purchasing an additional 16,054 shares during the quarter. ONEOK accounts for about 1.2% of Garner Asset Management Corp's portfolio, making the stock its 21st largest holding. Garner Asset Management Corp's holdings in ONEOK were worth $3,081,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of OKE. City Holding Co. acquired a new stake in ONEOK in the 3rd quarter worth about $28,000. Winnow Wealth LLC acquired a new stake in ONEOK in the 3rd quarter worth about $28,000. SRH Advisors LLC raised its stake in ONEOK by 122.3% in the 4th quarter. SRH Advisors LLC now owns 438 shares of the utilities provider's stock worth $32,000 after purchasing an additional 241 shares in the last quarter. AXS Investments LLC bought a new position in ONEOK in the 3rd quarter valued at about $35,000. Finally, Accredited Wealth Management LLC increased its holdings in ONEOK by 342.5% in the 3rd quarter. Accredited Wealth Management LLC now owns 500 shares of the utilities provider's stock valued at $36,000 after buying an additional 387 shares during the period. Institutional investors and hedge funds own 69.13% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on OKE shares. Jefferies Financial Group raised their target price on shares of ONEOK from $98.00 to $100.00 and gave the company a "buy" rating in a report on Wednesday, April 8th. Wolfe Research lowered shares of ONEOK from an "outperform" rating to a "peer perform" rating in a report on Wednesday, February 25th. Scotiabank lowered shares of ONEOK from a "sector outperform" rating to a "sector perform" rating and decreased their price target for the company from $92.00 to $89.00 in a report on Thursday, April 30th. Wells Fargo & Company dropped their price target on shares of ONEOK from $100.00 to $98.00 and set an "overweight" rating on the stock in a research report on Thursday, April 30th. Finally, Barclays upped their price objective on shares of ONEOK from $82.00 to $90.00 and gave the stock an "equal weight" rating in a report on Thursday, April 30th. Seven research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, ONEOK currently has an average rating of "Hold" and an average price target of $91.19.

ONEOK Price Performance

OKE opened at $90.04 on Wednesday. The firm has a market cap of $56.73 billion, a P/E ratio of 16.05, a PEG ratio of 6.43 and a beta of 0.78. The firm has a 50-day moving average of $87.17 and a 200 day moving average of $78.56. 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 fifty-two week low of $64.02 and a fifty-two week high of $95.30.

ONEOK (NYSE:OKE - Get Free Report) last posted its quarterly 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). The company had revenue of $9.62 billion for the quarter, compared to the consensus estimate 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 posted $1.04 EPS. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. On average, research analysts expect that ONEOK, Inc. will post 5.9 EPS for the current year.

ONEOK Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Monday, May 4th will be given a dividend of $1.07 per share. The ex-dividend date is Monday, May 4th. This represents a $4.28 annualized dividend and a yield of 4.8%. ONEOK's dividend payout ratio is presently 76.29%.

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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