ONEOK, Inc. $OKE Shares Sold by Wealthcare Advisory Partners LLC

Key Points

• Wealthcare Advisory Partners LLC cut its ONEOK stake by 59.7% in Q4, selling 13,611 shares and leaving 9,170 shares valued at about $674,000, while institutional investors own roughly 69.13% of the stock.
• ONEOK beat Q4 estimates with $1.55 EPS (vs. $1.50 expected) and $9.07 billion in revenue, and set FY2026 guidance of $5.04–$5.87 per share (analysts' average ~5.07).
• ONEOK raised its quarterly dividend to $1.07 (annualized $4.28), representing a yield of ~4.7% and a payout ratio near 79%.

Wealthcare Advisory Partners LLC lowered its position in ONEOK, Inc. (NYSE:OKE - Free Report) by 59.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,170 shares of the utilities provider's stock after selling 13,611 shares during the period. Wealthcare Advisory Partners LLC's holdings in ONEOK were worth $674,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of OKE. National Pension Service increased its holdings in 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 acquiring an additional 24,003 shares in the last quarter. Hudson Edge Investment Partners Inc. lifted its holdings in ONEOK by 34.1% during the third quarter. Hudson Edge Investment Partners Inc. now owns 87,667 shares of the utilities provider's stock valued at $6,397,000 after purchasing an additional 22,282 shares in the last quarter. Nordea Investment Management AB grew its position in shares of ONEOK by 7.5% in the third quarter. Nordea Investment Management AB now owns 777,262 shares of the utilities provider's stock valued at $55,885,000 after purchasing an additional 54,444 shares during the period. Tectonic Advisors LLC increased its stake in shares of ONEOK by 41.1% during the third 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 raised its position in shares of ONEOK by 29.6% during 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 during the last quarter. 69.13% of the stock is currently owned by institutional investors and hedge funds.

ONEOK Stock Performance

NYSE OKE opened at $90.29 on Wednesday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.56 and a current ratio of 0.71. The stock's fifty day moving average is $84.59 and its two-hundred day moving average is $76.13. The firm has a market capitalization of $56.86 billion, a P/E ratio of 16.66, a price-to-earnings-growth ratio of 7.06 and a beta of 0.93. ONEOK, Inc. has a fifty-two week low of $64.02 and a fifty-two week high of $100.57.

ONEOK (NYSE:OKE - Get Free Report) last posted its quarterly earnings results on Monday, February 23rd. The utilities provider reported $1.55 EPS for the quarter, topping 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 business had revenue of $9.07 billion for the quarter, compared to analyst estimates of $8.77 billion. During the same quarter in the previous year, the firm earned $1.57 EPS. ONEOK has set its FY 2026 guidance at 5.040-5.870 EPS. On average, research analysts anticipate that ONEOK, Inc. will post 5.07 earnings per share for the current year.

ONEOK Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Monday, February 2nd were issued a dividend of $1.07 per share. The ex-dividend date was Monday, February 2nd. This represents a $4.28 dividend on an annualized basis and a dividend yield of 4.7%. This is an increase from ONEOK's previous quarterly dividend of $1.03. ONEOK's payout ratio is 78.97%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Barclays lifted their price objective on ONEOK from $76.00 to $82.00 and gave the stock an "equal weight" rating in a report on Thursday, March 5th. Wells Fargo & Company raised ONEOK from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $81.00 to $100.00 in a report on Wednesday, March 25th. JPMorgan Chase & Co. downgraded ONEOK from an "overweight" rating to a "neutral" rating and decreased their target price for the company from $87.00 to $83.00 in a research report on Tuesday, January 27th. Truist Financial began coverage on ONEOK in a research note on Tuesday, March 24th. They issued a "hold" rating and a $91.00 price target on the stock. Finally, UBS Group reduced their price objective on ONEOK from $114.00 to $103.00 and set a "buy" rating for the company in a research note on Thursday, January 22nd. Nine analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, ONEOK presently has an average rating of "Moderate Buy" and an average target price of $88.94.

ONEOK Company 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.

Want to see what other hedge funds are holding OKE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ONEOK, Inc. (NYSE:OKE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.