ONEOK, Inc. $OKE Shares Purchased by Boothbay Fund Management LLC

Key Points

• Boothbay Fund Management increased its stake in ONEOK by 27.0% in Q3 to 107,874 shares (an additional 22,963 shares) worth about $7.87 million, and institutional investors now own roughly 69.13% of the company.
• ONEOK beat Q4 expectations with $1.55 EPS and $9.07 billion in revenue, set FY 2026 guidance at 5.04–5.87 EPS, while Wall Street’s consensus rating is "Hold" with a $86.60 average price target.
• The company raised its quarterly dividend to $1.07 (annualized $4.28), implying a 5.0% yield and a payout ratio of about 78.97%.

Boothbay Fund Management LLC raised its holdings in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 27.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 107,874 shares of the utilities provider's stock after acquiring an additional 22,963 shares during the quarter. Boothbay Fund Management LLC's holdings in ONEOK were worth $7,872,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. City Holding Co. purchased a new position in shares of ONEOK during the 3rd quarter worth approximately $28,000. Winnow Wealth LLC purchased a new stake in ONEOK in the 3rd quarter valued at approximately $28,000. Global Wealth Strategies & Associates acquired a new stake in ONEOK during the 3rd quarter valued at $29,000. Financial Consulate Inc. purchased a new position in ONEOK during the third quarter worth $29,000. Finally, Twin Peaks Wealth Advisors LLC purchased a new position in ONEOK during the second quarter worth $34,000. Institutional investors and hedge funds own 69.13% of the company's stock.

ONEOK Price Performance

Shares of NYSE:OKE opened at $85.44 on Monday. The company has a market cap of $53.81 billion, a P/E ratio of 15.76, a P/E/G ratio of 6.50 and a beta of 0.93. The company has a quick ratio of 0.56, a current ratio of 0.71 and a debt-to-equity ratio of 1.36. ONEOK, Inc. has a 52 week low of $64.02 and a 52 week high of $103.64. The business has a fifty day simple moving average of $80.59 and a 200-day simple moving average of $74.77.

ONEOK (NYSE:OKE - Get Free Report) last released 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 return on equity of 15.29% and a net margin of 10.09%.The firm had revenue of $9.07 billion during the quarter, compared to analyst estimates of $8.77 billion. During the same period in the prior year, the firm 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 year.

ONEOK Increases Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on OKE shares. Mizuho set a $89.00 price objective on ONEOK in a research report on Monday, February 23rd. Wells Fargo & Company boosted their target price on shares of ONEOK from $79.00 to $81.00 and gave the company an "equal weight" rating in a research note on Friday. Jefferies Financial Group assumed coverage on shares of ONEOK in a report on Tuesday, January 20th. They issued a "hold" rating and a $80.00 target price on the stock. Scotiabank reaffirmed an "outperform" rating and set a $91.00 price target on shares of ONEOK in a research note on Friday, January 16th. Finally, Morgan Stanley reiterated an "overweight" rating and set a $104.00 price target on shares of ONEOK in a report on Wednesday, January 28th. Seven equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $86.60.

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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