ONEOK, Inc. $OKE Stock: Soltis Investment Advisors LLC Grows Position

Key Points

• Soltis Investment Advisors increased its ONEOK position by 482.8% in the third quarter, bringing its holdings to 13,783 shares valued at approximately $1.18 million. Institutional investors collectively own 69.13% of the company.
• ONEOK reported strong quarterly results, with $2.13 in EPS and $12.46 billion in revenue, exceeding analyst expectations of $1.50 EPS and $10.54 billion in revenue.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and a $98.05 price target. ONEOK also declared a quarterly dividend of $1.07 per share, representing a 4.4% annualized yield.

Soltis Investment Advisors LLC raised its position in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 482.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,783 shares of the utilities provider's stock after purchasing an additional 11,418 shares during the period. Soltis Investment Advisors LLC's holdings in ONEOK were worth $1,175,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the company. Saudi Central Bank increased its position in ONEOK by 89.9% during the 2nd quarter. Saudi Central Bank now owns 44,102 shares of the utilities provider's stock valued at $3,834,000 after purchasing an additional 20,876 shares during the period. Empowered Funds LLC raised its holdings in shares of ONEOK by 21.8% in the 2nd quarter. Empowered Funds LLC now owns 73,242 shares of the utilities provider's stock valued at $6,368,000 after purchasing an additional 13,103 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of ONEOK by 2.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 798,176 shares of the utilities provider's stock valued at $69,393,000 after purchasing an additional 15,796 shares in the last quarter. State Street Corp lifted its position in shares of ONEOK by 5.0% in the 2nd quarter. State Street Corp now owns 43,633,749 shares of the utilities provider's stock worth $3,793,518,000 after purchasing an additional 2,059,368 shares during the period. Finally, Matrix Trust Co purchased a new stake in shares of ONEOK in the 2nd quarter worth approximately $1,245,000. 69.13% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

OKE has been the topic of a number of recent research reports. Jefferies Financial Group set a $97.00 price objective on shares of ONEOK in a research note on Thursday. Royal Bank Of Canada boosted their price objective on shares of ONEOK from $90.00 to $96.00 and gave the stock a "sector perform" rating in a research note on Wednesday, October 21st. Seaport Research Partners boosted their price objective on shares of ONEOK from $95.00 to $100.00 and gave the stock a "buy" rating in a research note on Monday, August 3rd. Capital One Financial assumed coverage on ONEOK in a report on Tuesday, September 22nd. They set an "overweight" rating and a $110.00 target price for the company. Finally, Citigroup increased their target price on ONEOK from $97.00 to $108.00 and gave the company a "buy" rating in a research report on Thursday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $98.05.

ONEOK Stock Performance

Shares of ONEOK stock opened at $97.10 on Friday. The company has a market capitalization of $61.22 billion, a PE ratio of 15.08, a P/E/G ratio of 1.93 and a beta of 0.82. The company has a 50-day simple moving average of $92.86 and a two-hundred day simple moving average of $88.59. ONEOK, Inc. has a one year low of $64.02 and a one year high of $99.85. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.59 and a current ratio of 0.84.

ONEOK (NYSE:OKE - Get Free Report) last released its quarterly earnings results on Tuesday, October 27th. The utilities provider reported $2.13 earnings per share for the quarter, beating analysts' consensus estimates of $1.50 by $0.63. ONEOK had a net margin of 9.42% and a return on equity of 16.36%. The business had revenue of $12.46 billion for the quarter, compared to analysts' expectations of $10.54 billion. During the same period last year, the business earned $1.49 EPS. Research analysts expect that ONEOK, Inc. will post 6.16 EPS for the current fiscal year.

ONEOK Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 16th. Investors of record on Monday, November 2nd will be paid a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a dividend yield of 4.4%. The ex-dividend date is Monday, November 2nd. ONEOK's payout ratio is 66.46%.

ONEOK News Roundup

Here are the key news stories impacting ONEOK this week:

• Positive Sentiment: ONEOK reported third-quarter revenue of approximately $12.46 billion and diluted EPS of $2.13, exceeding analysts’ consensus estimate of $1.50. Record Permian volumes and contributions from the Brazos Midland acquisition supported the results. What ONEOK’s Raised Guidance Means for Shareholders
• Positive Sentiment: Management raised its 2026 adjusted EBITDA guidance to $8.5 billion-$8.6 billion, or roughly $8.55 billion at the midpoint, and increased full-year net-income guidance to $4.09 billion-$4.27 billion. The company cited Permian growth, infrastructure expansion and the Brazos acquisition as key drivers. ONEOK Outlines Leverage Target While Raising EBITDA Guidance
• Positive Sentiment: ONEOK reported about $5.5 billion of debt repayment, received credit-rating upgrades and outlined a 3.25x leverage target. These developments may ease balance-sheet concerns following its expansion and minority equity investment. What ONEOK’s Raised Guidance Means for Shareholders
• Positive Sentiment: Truist Financial raised its price target for OKE from $104 to $105 while maintaining a Hold rating, implying additional upside based on the referenced price. Truist Financial ONEOK Rating
• Neutral Sentiment: Jefferies increased its price target from $94 to $97, but the revised target is broadly consistent with the current trading range and does not represent a major change in its outlook. Jefferies Adjusts Price Target on ONEOK
• Negative Sentiment: US Capital Advisors lowered its EPS forecasts for 2026, 2027 and several upcoming quarters, including FY2027 EPS from $6.36 to $6.12, suggesting some caution about the pace of future earnings growth. It retained a Moderate Buy rating. ONEOK FY2028 Earnings Forecast Lifted
• Negative Sentiment: After a strong multi-year rally, investors may question how much of ONEOK’s improved earnings outlook is already reflected in the valuation, particularly with the stock near its 52-week high. ONEOK Stock May Look Reasonable on Raised 2026 Guidance

ONEOK Profile

ONEOK, Inc is an energy infrastructure company that operates midstream assets across the United States. Its business includes the gathering, processing, storage and transportation of natural gas, as well as the gathering, fractionation, storage and transportation of natural gas liquids (NGLs). The company also provides transportation and storage services for refined petroleum products, crude oil and other related commodities.

ONEOK serves major producing and consuming regions, including the Mid-Continent, Rocky Mountain, Permian and Gulf Coast areas.

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