ONEOK, Inc. $OKE Shares Sold by Stephens Inc. AR

Stephens Inc. AR trimmed its stake in shares of ONEOK, Inc. (NYSE:OKE) by 13.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 36,874 shares of the utilities provider’s stock after selling 5,719 shares during the quarter. Stephens Inc. AR’s holdings in ONEOK were worth $2,710,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. First Eagle Investment Management LLC grew its holdings in ONEOK by 46.3% in the 4th quarter. First Eagle Investment Management LLC now owns 11,365,304 shares of the utilities provider’s stock worth $835,350,000 after buying an additional 3,596,089 shares in the last quarter. Danske Bank A S grew its holdings in ONEOK by 3,538.4% in the 4th quarter. Danske Bank A S now owns 1,691,433 shares of the utilities provider’s stock worth $124,320,000 after buying an additional 1,644,945 shares in the last quarter. Man Group plc grew its holdings in ONEOK by 292.1% in the 2nd quarter. Man Group plc now owns 1,558,993 shares of the utilities provider’s stock worth $127,261,000 after buying an additional 1,161,352 shares in the last quarter. Swiss Life Asset Management Ltd grew its holdings in ONEOK by 219.5% in the 4th quarter. Swiss Life Asset Management Ltd now owns 1,522,404 shares of the utilities provider’s stock worth $111,897,000 after buying an additional 1,045,976 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in ONEOK by 0.9% in the 3rd 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 in the last quarter. 69.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on OKE shares. Barclays increased their price objective on ONEOK from $82.00 to $90.00 and gave the stock an “equal weight” rating in a report on Thursday, April 30th. Truist Financial increased their price objective on ONEOK from $91.00 to $93.00 and gave the stock a “hold” rating in a report on Monday, May 4th. JPMorgan Chase & Co. increased their price objective on ONEOK from $91.00 to $92.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Wall Street Zen lowered ONEOK from a “hold” rating to a “sell” rating in a report on Monday. Finally, TD Cowen increased their price objective on ONEOK from $80.00 to $85.00 and gave the stock a “hold” rating in a report on Thursday, April 30th. Seven equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $91.88.

ONEOK Stock Performance

Shares of NYSE OKE opened at $93.77 on Tuesday. The stock has a fifty day moving average price of $87.93 and a two-hundred day moving average price of $79.83. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.56 and a current ratio of 0.71. The firm has a market cap of $59.08 billion, a P/E ratio of 16.71, a PEG ratio of 6.71 and a beta of 0.78. ONEOK, Inc. has a 1 year low of $64.02 and a 1 year high of $95.30.

ONEOK (NYSE:OKE) last issued its quarterly earnings results 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). The firm had revenue of $9.62 billion for the quarter, compared to the consensus estimate of $8.23 billion. ONEOK had a net margin of 10.03% and a return on equity of 16.06%. During the same period in the previous year, the business posted $1.04 earnings per share. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. Research analysts forecast that ONEOK, Inc. will post 5.76 EPS for the current fiscal year.

ONEOK Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 4th were paid a $1.07 dividend. The ex-dividend date of this dividend was Monday, May 4th. This represents a $4.28 annualized dividend and a dividend yield of 4.6%. ONEOK’s payout ratio is currently 76.29%.

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.