Tectonic Advisors LLC Buys 17,440 Shares of ONEOK, Inc. $OKE

Key Points

• Tectonic Advisors LLC increased its stake in ONEOK by 9.2%, adding 17,440 shares to hold 206,282 shares valued at $15.162 million (about 0.8% of its holdings and its 22nd-largest position).
• ONEOK beat expectations for the quarter with $1.55 EPS (vs. $1.50 expected) and $9.07 billion in revenue, and set FY2026 guidance of 5.040–5.870 EPS (sell-side consensus ~5.07).
• Dividend and analyst picture: the company raised its quarterly dividend to $1.07 ($4.28 annualized, ~5.0% yield, ~79% payout), while analysts are mixed—average rating "Moderate Buy" with a consensus price target of $89.63.

Tectonic Advisors LLC boosted its stake in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 9.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 206,282 shares of the utilities provider's stock after acquiring an additional 17,440 shares during the quarter. ONEOK makes up approximately 0.8% of Tectonic Advisors LLC's holdings, making the stock its 22nd biggest holding. Tectonic Advisors LLC's holdings in ONEOK were worth $15,162,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. City Holding Co. bought a new position in shares of ONEOK in the 3rd quarter valued at about $28,000. Winnow Wealth LLC bought a new position in shares of ONEOK in the 3rd quarter valued at about $28,000. Global Wealth Strategies & Associates bought a new position in shares of ONEOK in the 3rd quarter valued at about $29,000. Financial Consulate Inc. bought a new position in shares of ONEOK in the 3rd quarter valued at about $29,000. Finally, SRH Advisors LLC boosted its stake in shares of ONEOK by 122.3% in the 4th quarter. SRH Advisors LLC now owns 438 shares of the utilities provider's stock valued at $32,000 after purchasing an additional 241 shares during the last quarter. Institutional investors own 69.13% of the company's stock.

ONEOK Stock Up 0.1%

ONEOK stock opened at $86.26 on Monday. The company's 50 day simple moving average is $86.15 and its 200 day simple moving average is $76.98. ONEOK, Inc. has a fifty-two week low of $64.02 and a fifty-two week high of $95.30. The firm has a market capitalization of $54.35 billion, a price-to-earnings ratio of 15.91, a PEG ratio of 6.52 and a beta of 0.84. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.71 and a quick ratio of 0.56.

ONEOK (NYSE:OKE - Get Free Report) last announced its 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. The firm had revenue of $9.07 billion for the quarter, compared to the consensus estimate of $8.77 billion. ONEOK had a net margin of 10.09% and a return on equity of 15.29%. During the same period last year, the company posted $1.57 EPS. ONEOK has set its FY 2026 guidance at 5.040-5.870 EPS. As a group, sell-side analysts anticipate that ONEOK, Inc. will post 5.07 EPS for the current year.

ONEOK Increases Dividend

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

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. UBS Group reduced their target price on shares of ONEOK from $114.00 to $103.00 and set a "buy" rating on the stock in a research note on Thursday, January 22nd. Wolfe Research lowered shares of ONEOK from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, February 25th. Scotiabank reissued an "outperform" rating and set a $91.00 price objective on shares of ONEOK in a research note on Friday, January 16th. Wells Fargo & Company raised shares of ONEOK from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $81.00 to $100.00 in a research note on Wednesday, March 25th. Finally, JPMorgan Chase & Co. lowered shares of ONEOK from an "overweight" rating to a "neutral" rating and reduced their price objective for the stock from $87.00 to $83.00 in a research note on Tuesday, January 27th. Nine research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $89.63.

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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