Oppenheimer & Co. Inc. Has $6.15 Million Stock Position in ONEOK, Inc. $OKE

Key Points

• Oppenheimer & Co. Inc. boosted its ONEOK stake by 51.4% in Q4 to 83,692 shares, valued at about $6.15 million.
• ONEOK posted Q1 EPS of $1.23 (missing ~ $1.30 consensus) while revenue and adjusted EBITDA rose and management raised 2026 guidance (adjusted EBITDA midpoint $8.25B, net income outlook $3.5B), prompting some analyst upgrades amid mixed revisions.
• The company declared a quarterly dividend of $1.07 (annualized $4.28) for a 4.7% yield

Oppenheimer & Co. Inc. boosted its stake in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 51.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 83,692 shares of the utilities provider's stock after buying an additional 28,399 shares during the period. Oppenheimer & Co. Inc.'s holdings in ONEOK were worth $6,151,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of OKE. City Holding Co. acquired a new stake in ONEOK during the 3rd quarter worth approximately $28,000. Winnow Wealth LLC acquired a new stake in ONEOK during the 3rd quarter worth approximately $28,000. Financial Consulate Inc. acquired a new stake in ONEOK during the 3rd quarter worth approximately $29,000. SRH Advisors LLC raised its holdings in ONEOK by 122.3% during the 4th quarter. SRH Advisors LLC now owns 438 shares of the utilities provider's stock worth $32,000 after buying an additional 241 shares during the period. Finally, AXS Investments LLC acquired a new stake in ONEOK during the 3rd quarter worth approximately $35,000. 69.13% of the stock is currently owned by institutional investors and hedge funds.

ONEOK Price Performance

NYSE OKE opened at $90.58 on Friday. The company has a quick ratio of 0.56, a current ratio of 0.71 and a debt-to-equity ratio of 1.37. ONEOK, Inc. has a 12-month low of $64.02 and a 12-month high of $95.30. The company 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 firm's 50 day moving average is $87.11 and its 200-day moving average is $78.35.

ONEOK (NYSE:OKE - Get Free Report) last posted its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $1.23 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.30 by ($0.07). ONEOK had a net margin of 10.03% and a return on equity of 16.06%. The business had revenue of $9.62 billion during the quarter, compared to analyst estimates 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 anticipate that ONEOK, Inc. will post 5.53 earnings per share for the current fiscal year.

ONEOK Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Monday, May 4th will be issued a $1.07 dividend. The ex-dividend date is Monday, May 4th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 4.7%. ONEOK's dividend payout ratio (DPR) is 76.29%.

ONEOK News Roundup

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

Wall Street Analyst Weigh In

OKE has been the topic of several research analyst reports. Royal Bank Of Canada raised their target price on shares of ONEOK from $79.00 to $84.00 and gave the stock a "sector perform" rating in a report on Thursday, March 19th. Barclays raised their target price on shares of ONEOK from $82.00 to $90.00 and gave the stock an "equal weight" rating in a report on Thursday. Morgan Stanley lifted their price objective on shares of ONEOK from $104.00 to $113.00 and gave the company an "overweight" rating in a report on Tuesday, April 7th. Jefferies Financial Group lifted their price objective on shares of ONEOK from $98.00 to $100.00 and gave the company a "buy" rating in a report on Wednesday, April 8th. Finally, Truist Financial started coverage on shares of ONEOK in a report on Tuesday, March 24th. They issued a "hold" rating and a $91.00 price objective on the stock. Seven analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $91.06.

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.

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.