ONEOK, Inc. $OKE Shares Bought by Capital Management Corp VA

Key Points

• Capital Management Corp VA increased its ONEOK position by 6.6% to 243,992 shares (worth $17.93M), representing about 2.9% of its portfolio and its 14th largest holding.
• ONEOK raised 2026 guidance, projecting an adjusted EBITDA midpoint of $8.25B and a net income outlook of $3.5B, prompting some analyst upgrades although the consensus rating remains "Hold" with an average target near $91.06.
• Q1 results showed an EPS miss ($1.23 vs. ~$1.30) but adjusted EBITDA rose ~12%; the company pays a quarterly dividend of $1.07 (a 4.7% yield) and institutional investors own about 69% of the stock.

Capital Management Corp VA raised its position in ONEOK, Inc. (NYSE:OKE - Free Report) by 6.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 243,992 shares of the utilities provider's stock after acquiring an additional 15,110 shares during the quarter. ONEOK accounts for about 2.9% of Capital Management Corp VA's investment portfolio, making the stock its 14th largest holding. Capital Management Corp VA's holdings in ONEOK were worth $17,933,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Dudley Capital Management LLC boosted its stake in shares of ONEOK by 2.5% during the 4th quarter. Dudley Capital Management LLC now owns 18,742 shares of the utilities provider's stock valued at $1,378,000 after buying an additional 449 shares during the last quarter. Benjamin Edwards Inc. boosted its stake in shares of ONEOK by 4.7% during the 4th quarter. Benjamin Edwards Inc. now owns 276,920 shares of the utilities provider's stock valued at $20,354,000 after buying an additional 12,477 shares during the last quarter. LMG Wealth Partners LLC boosted its stake in shares of ONEOK by 29.6% during the 4th quarter. LMG Wealth Partners LLC now owns 8,754 shares of the utilities provider's stock valued at $643,000 after buying an additional 2,000 shares during the last quarter. Horizon Investments LLC boosted its stake in shares of ONEOK by 2.8% during the 4th quarter. Horizon Investments LLC now owns 47,705 shares of the utilities provider's stock valued at $3,506,000 after buying an additional 1,315 shares during the last quarter. Finally, Robertson Stephens Wealth Management LLC boosted its stake in shares of ONEOK by 27.0% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 4,837 shares of the utilities provider's stock valued at $356,000 after buying an additional 1,029 shares during the last quarter. Institutional investors and hedge funds own 69.13% of the company's stock.

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

Analysts Set New Price Targets

Several equities analysts have recently commented on OKE shares. Royal Bank Of Canada increased their target price on ONEOK from $79.00 to $84.00 and gave the company a "sector perform" rating in a research note on Thursday, March 19th. Raymond James Financial reiterated an "outperform" rating and set a $92.00 target price on shares of ONEOK in a research note on Thursday. Barclays increased their target price on ONEOK from $82.00 to $90.00 and gave the company an "equal weight" rating in a research note on Thursday. Wall Street Zen cut ONEOK from a "hold" rating to a "sell" rating in a research note on Saturday. Finally, 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. Seven investment 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 company presently has an average rating of "Hold" and a consensus target price of $91.06.

ONEOK Stock Performance

Shares of OKE opened at $90.58 on Friday. The business's fifty day moving average price is $87.11 and its 200 day moving average price is $78.35. ONEOK, Inc. has a 12-month low of $64.02 and a 12-month high of $95.30. The stock has a market capitalization of $57.07 billion, a PE ratio of 16.15, a price-to-earnings-growth ratio of 6.84 and a beta of 0.78. 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 (NYSE:OKE - Get Free Report) last announced its quarterly earnings data 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 return on equity of 16.06% and a net margin of 10.03%.The firm had revenue of $9.62 billion for the quarter, compared to the consensus estimate of $8.23 billion. During the same quarter last year, the business earned $1.04 earnings per share. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. Equities research analysts forecast that ONEOK, Inc. will post 5.53 EPS for the current year.

ONEOK Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Monday, May 4th will be paid 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 4.7%. ONEOK's dividend payout ratio (DPR) is 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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