ONEOK, Inc. $OKE Stake Lifted by Sprinkle Financial Consultants LLC

Sprinkle Financial Consultants LLC grew its stake in shares of ONEOK, Inc. (NYSE:OKE) by 33.5% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 170,549 shares of the utilities provider’s stock after acquiring an additional 42,770 shares during the period. ONEOK comprises 5.8% of Sprinkle Financial Consultants LLC’s investment portfolio, making the stock its 3rd biggest position. Sprinkle Financial Consultants LLC’s holdings in ONEOK were worth $14,828,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of OKE. Chesley Taft & Associates LLC raised its holdings in shares of ONEOK by 0.3% in the 2nd quarter. Chesley Taft & Associates LLC now owns 62,253 shares of the utilities provider’s stock worth $5,412,000 after purchasing an additional 184 shares during the period. Castle Rock Wealth Management LLC grew its holdings in ONEOK by 2.0% during the second quarter. Castle Rock Wealth Management LLC now owns 37,398 shares of the utilities provider’s stock valued at $3,206,000 after purchasing an additional 746 shares during the period. Czech National Bank grew its holdings in ONEOK by 4.6% during the second quarter. Czech National Bank now owns 179,332 shares of the utilities provider’s stock valued at $15,591,000 after purchasing an additional 7,963 shares during the period. PensionDanmark Pensionsforsikringsaktieselskab increased its position in ONEOK by 11.5% in the second quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 124,460 shares of the utilities provider’s stock worth $10,821,000 after buying an additional 12,800 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its position in ONEOK by 78.6% in the second quarter. Assenagon Asset Management S.A. now owns 512,143 shares of the utilities provider’s stock worth $44,526,000 after buying an additional 225,359 shares during the last quarter. Hedge funds and other institutional investors own 69.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on OKE. Truist Financial upped their price target on ONEOK from $91.00 to $93.00 and gave the company a “hold” rating in a research report on Monday, May 4th. Scotiabank cut ONEOK from a “sector outperform” rating to a “sector perform” rating and lowered their price objective for the company from $92.00 to $89.00 in a research note on Thursday, April 30th. 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. Wall Street Zen lowered shares of ONEOK from a “hold” rating to a “sell” rating in a research report on Saturday, August 1st. Finally, JPMorgan Chase & Co. lifted their target price on shares of ONEOK from $91.00 to $92.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $91.81.

ONEOK Stock Performance

ONEOK stock opened at $86.33 on Friday. ONEOK, Inc. has a 1-year low of $64.02 and a 1-year high of $96.07. The company has a current ratio of 0.74, a quick ratio of 0.56 and a debt-to-equity ratio of 1.34. The firm has a market capitalization of $54.42 billion, a PE ratio of 14.89, a price-to-earnings-growth ratio of 4.58 and a beta of 0.73. The firm’s 50 day simple moving average is $88.95 and its 200 day simple moving average is $87.04.

ONEOK (NYSE:OKE) last announced its quarterly earnings results on Monday, August 3rd. The utilities provider reported $1.53 EPS for the quarter, beating the consensus estimate of $1.46 by $0.07. The firm had revenue of $12.05 billion during the quarter, compared to the consensus estimate of $8.95 billion. ONEOK had a net margin of 9.29% and a return on equity of 16.41%. During the same period last year, the firm earned $1.34 EPS. ONEOK has set its FY 2026 guidance at 5.680-5.680 EPS. As a group, analysts expect that ONEOK, Inc. will post 5.87 earnings per share for the current fiscal year.

ONEOK Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Monday, August 3rd will be paid 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 yield of 5.0%. ONEOK’s dividend payout ratio (DPR) is currently 73.79%.

About ONEOK

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.