Wealth Enhancement Advisory Services LLC Raises Stake in ONEOK, Inc. $OKE

Key Points

• Wealth Enhancement Advisory Services LLC increased its stake in ONEOK (NYSE: OKE) by 13.1% in Q4 to 275,868 shares, buying 31,967 additional shares and bringing its holding to about $19.55 million.
• ONEOK raised its quarterly dividend to $1.07 (annualized $4.28) for a ~4.6% yield, with a payout ratio near 79%.
• Market and analyst activity is bullish: Wells Fargo upgraded ONEOK to Overweight with a $100 price target, the company beat Q4 EPS estimates ($1.55 vs. $1.50) and set FY2026 guidance of 5.04–5.87 EPS, while large institutions like Vanguard and Norges Bank hold sizable positions.

Wealth Enhancement Advisory Services LLC boosted its stake in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 13.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 275,868 shares of the utilities provider's stock after buying an additional 31,967 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in ONEOK were worth $19,551,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Norges Bank bought a new position in shares of ONEOK during the 2nd quarter valued at approximately $562,832,000. Boston Partners lifted its stake in ONEOK by 53.7% in the second quarter. Boston Partners now owns 5,509,100 shares of the utilities provider's stock valued at $448,476,000 after purchasing an additional 1,924,864 shares during the last quarter. First Eagle Investment Management LLC lifted its stake in ONEOK by 24.2% in the third quarter. First Eagle Investment Management LLC now owns 7,769,215 shares of the utilities provider's stock valued at $566,920,000 after purchasing an additional 1,513,042 shares during the last quarter. Man Group plc grew its holdings in ONEOK by 292.1% during the second quarter. Man Group plc now owns 1,558,993 shares of the utilities provider's stock valued at $127,261,000 after purchasing an additional 1,161,352 shares during the period. Finally, Vanguard Group Inc. increased its position in ONEOK by 0.9% in the third quarter. Vanguard Group Inc. now owns 77,222,590 shares of the utilities provider's stock worth $5,634,932,000 after buying an additional 711,619 shares during the last quarter. Hedge funds and other institutional investors own 69.13% of the company's stock.

Trending Headlines about ONEOK

Here are the key news stories impacting ONEOK this week:

• Positive Sentiment: Wells Fargo upgraded ONEOK to Overweight and raised its price target to $100 (from $81), signaling increased upside and likely driving buying interest. Wall Street Raises ONEOK Price Target to $100
• Positive Sentiment: Analysts/Wells Fargo note geopolitical developments (war-related demand) could boost U.S. LPG exporters, supporting volumes and margins for midstream owners like ONEOK. Enterprise Products, ONEOK raised at Wells Fargo as war boost seen for US LPG exporters
• Positive Sentiment: Feature pieces highlight ONEOK’s pipeline and infrastructure role in energy distribution — a steady earnings and cash-flow driver that supports dividend and valuation multiple resilience. ONEOK Pipeline Infrastructure Drives Energy Distribution
• Neutral Sentiment: Truist initiated coverage with a Hold rating and $91 price target — a vote for stability but not an immediate catalyst. Truist initiates coverage of ONEOK with Hold
• Neutral Sentiment: Energy-sector action was mixed broadly, so sector flows may temper or amplify OKE moves depending on oil/gas/LPG headlines. Sector Update: Energy Stocks Mixed Late Afternoon
• Neutral Sentiment: ONEOK announced board transitions (two directors retiring) — typical governance update; watch for any strategic commentary but not an immediate earnings impact. ONEOK Announces Board Transitions
• Negative Sentiment: US Capital Advisors trimmed short‑term and FY estimates (Q1–Q4 and FY2026/FY2027), cutting several quarterly EPS forecasts — a downside to near-term expectations that could cap multiple expansion. Market analyst estimate updates for ONEOK
• Neutral Sentiment: Market momentum note: OKE has risen notably since the February earnings release, which may attract momentum traders but also raises the bar for further near-term gains. Oneok Up 9.7% Since Last Earnings Report

ONEOK Trading Up 1.3%

NYSE:OKE opened at $92.12 on Thursday. ONEOK, Inc. has a 1 year low of $64.02 and a 1 year high of $103.61. The stock's fifty day moving average price is $83.10 and its two-hundred day moving average price is $75.54. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.71 and a quick ratio of 0.56. The company has a market cap of $58.02 billion, a P/E ratio of 17.00, a P/E/G ratio of 6.90 and a beta of 0.93.

ONEOK (NYSE:OKE - Get Free Report) last announced its quarterly earnings results on Monday, February 23rd. The utilities provider reported $1.55 earnings per share 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 company had revenue of $9.07 billion during the quarter, compared to analysts' expectations of $8.77 billion. During the same period in the previous year, the business earned $1.57 earnings per share. ONEOK has set its FY 2026 guidance at 5.040-5.870 EPS. As a group, analysts expect 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 represents a $4.28 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend was Monday, February 2nd. This is a boost from ONEOK's previous quarterly dividend of $1.03. ONEOK's payout ratio is presently 78.97%.

Analyst Ratings Changes

Several analysts have issued reports on OKE shares. Mizuho set a $89.00 target price on ONEOK in a research note on Monday, February 23rd. Morgan Stanley reiterated an "overweight" rating and set a $104.00 price target on shares of ONEOK in a research note on Wednesday, January 28th. Wells Fargo & Company raised 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 report on Wednesday. Weiss Ratings restated a "hold (c)" rating on shares of ONEOK in a research note on Monday, December 29th. Finally, Scotiabank reaffirmed an "outperform" rating and set a $91.00 price objective on shares of ONEOK in a report on Friday, January 16th. Nine analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target 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.

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