Glenmede Trust Co. NA Purchases 7,274 Shares of ONEOK, Inc. $OKE

Glenmede Trust Co. NA grew its holdings in shares of ONEOK, Inc. (NYSE:OKE) by 12.7% in the first quarter, HoldingsChannel.com reports. The fund owned 64,734 shares of the utilities provider’s stock after acquiring an additional 7,274 shares during the quarter. Glenmede Trust Co. NA’s holdings in ONEOK were worth $5,851,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Zions Bancorporation National Association UT grew its stake in ONEOK by 73.3% during the fourth quarter. Zions Bancorporation National Association UT now owns 338 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 143 shares during the period. Portus Wealth Advisors LLC bought a new position in shares of ONEOK during the 1st quarter worth approximately $33,000. Elyxium Wealth LLC bought a new position in shares of ONEOK during the 4th quarter worth approximately $29,000. Wilkerson Advisory Group LLC grew its position in shares of ONEOK by 51.4% during the 1st quarter. Wilkerson Advisory Group LLC now owns 392 shares of the utilities provider’s stock worth $35,000 after buying an additional 133 shares during the period. Finally, Cornerstone Financial Management LLC acquired a new stake in shares of ONEOK during the 4th quarter worth approximately $29,000. 69.13% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

OKE has been the topic of a number of research reports. Jefferies Financial Group boosted their target price on shares of ONEOK from $98.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, April 8th. TD Cowen raised their price target on shares of ONEOK from $85.00 to $90.00 and gave the stock a “hold” rating in a report on Thursday, July 16th. Weiss Ratings raised shares of ONEOK from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 18th. Barclays dropped their price objective on shares of ONEOK from $90.00 to $88.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 8th. Finally, Morgan Stanley restated an “equal weight” rating and issued a $103.00 target price (down from $113.00) on shares of ONEOK in a research note on Wednesday, July 29th. Seven research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat.com, ONEOK presently has a consensus rating of “Hold” and a consensus target price of $91.81.

More ONEOK News

Here are the key news stories impacting ONEOK this week:

• Positive Sentiment: Second-quarter results beat expectations. ONEOK reported adjusted earnings of $1.53 per share, above consensus estimates of roughly $1.39–$1.46 and up from $1.34 a year earlier. Revenue reached $12.05 billion, well ahead of the approximately $8.95 billion estimate. Oneok Inc. Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: Operating performance strengthened. Net income increased 13% and adjusted EBITDA rose 7%, supported by record natural-gas-liquids raw-feed throughput volumes. Management also raised its 2026 earnings forecast for the second time this year, signaling confidence in demand and volumes. ONEOK boosts 2026 forecast as higher NGL volumes boost quarterly profit
• Positive Sentiment: The company’s second-quarter performance was also supported by a 10.03% net margin and 16.06% return on equity, reinforcing the earnings-quality improvement. ONEOK Announces Higher Second-Quarter 2026 Earnings
• Neutral Sentiment: ONEOK declared a $1.07-per-share cash dividend payable August 14. The August 3 ex-dividend date can create temporary technical pressure because new buyers are not entitled to the payment. ONEOK Inc’s Dividend Analysis
• Negative Sentiment: Updated guidance may have disappointed relative to expectations. ONEOK set 2026 EPS guidance at $5.68, slightly below the $5.72 analyst consensus, even though the forecast was increased. That modest shortfall likely limited the positive market reaction to the earnings beat. Compared to Estimates, Oneok Q2 Earnings

ONEOK Trading Down 3.0%

OKE opened at $88.05 on Tuesday. ONEOK, Inc. has a fifty-two week low of $64.02 and a fifty-two week high of $96.07. The firm has a market capitalization of $55.48 billion, a PE ratio of 15.70, a P/E/G ratio of 4.93 and a beta of 0.73. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.71 and a quick ratio of 0.56. The company’s 50-day moving average is $88.98 and its 200 day moving average is $86.77.

ONEOK (NYSE:OKE) last released its quarterly earnings results on Monday, August 3rd. The utilities provider reported $1.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.07. The business had revenue of $12.05 billion during the quarter, compared to the consensus estimate of $8.95 billion. ONEOK had a return on equity of 16.06% and a net margin of 10.03%.During the same quarter in the previous year, the business earned $1.34 EPS. ONEOK has set its FY 2026 guidance at 5.680-5.680 EPS. As a group, research analysts predict that ONEOK, Inc. will post 5.63 earnings per share for the current fiscal year.

ONEOK Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Monday, August 3rd will be given a dividend of $1.07 per share. The ex-dividend date of this dividend is Monday, August 3rd. This represents a $4.28 annualized dividend and a dividend yield of 4.9%. ONEOK’s payout ratio is presently 76.29%.

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.