ONEOK, Inc. $OKE Position Cut by Pathway Financial Advisers LLC

Pathway Financial Advisers LLC lowered its position in shares of ONEOK, Inc. (NYSE:OKE) by 9.4% in the 1st quarter, Holdings Channel reports. The fund owned 54,916 shares of the utilities provider’s stock after selling 5,694 shares during the period. ONEOK comprises 1.4% of Pathway Financial Advisers LLC’s investment portfolio, making the stock its 16th biggest holding. Pathway Financial Advisers LLC’s holdings in ONEOK were worth $4,964,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of OKE. Hoxton Planning & Management LLC increased its stake in shares of ONEOK by 2.3% in the fourth quarter. Hoxton Planning & Management LLC now owns 5,372 shares of the utilities provider’s stock valued at $395,000 after purchasing an additional 120 shares during the period. Welch Group LLC boosted its position in shares of ONEOK by 0.8% during the first quarter. Welch Group LLC now owns 14,859 shares of the utilities provider’s stock worth $1,343,000 after buying an additional 122 shares during the period. Disciplined Investments LLC boosted its position in shares of ONEOK by 0.6% during the fourth quarter. Disciplined Investments LLC now owns 21,577 shares of the utilities provider’s stock worth $1,586,000 after buying an additional 125 shares during the period. TCV Trust & Wealth Management Inc. grew its holdings in ONEOK by 4.2% in the 4th quarter. TCV Trust & Wealth Management Inc. now owns 3,290 shares of the utilities provider’s stock worth $242,000 after buying an additional 133 shares in the last quarter. Finally, Fruth Investment Management increased its position in ONEOK by 0.7% in the 1st quarter. Fruth Investment Management now owns 20,015 shares of the utilities provider’s stock valued at $1,809,000 after acquiring an additional 133 shares during the period. Institutional investors and hedge funds own 69.13% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Raymond James Financial reiterated an “outperform” rating and set a $92.00 price target on shares of ONEOK in a research report on Thursday, April 30th. TD Cowen upped their price objective on shares of ONEOK from $80.00 to $85.00 and gave the stock a “hold” rating in a report on Thursday, April 30th. Wells Fargo & Company lowered their target price on shares of ONEOK from $100.00 to $98.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Freedom Capital upgraded shares of ONEOK from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th. Finally, Citigroup increased their price objective on shares of ONEOK from $95.00 to $97.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Eight investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $91.88.

ONEOK Trading Down 0.5%

Shares of OKE stock opened at $88.80 on Tuesday. The stock has a 50-day simple moving average of $88.39 and a 200 day simple moving average of $83.70. The stock has a market capitalization of $55.96 billion, a P/E ratio of 15.83, a P/E/G ratio of 6.67 and a beta of 0.74. ONEOK, Inc. has a fifty-two week low of $64.02 and a fifty-two week high of $96.07. The company has a quick ratio of 0.56, a current ratio of 0.71 and a debt-to-equity ratio of 1.37.

ONEOK (NYSE:OKE) last issued its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $1.23 EPS for the quarter, missing the consensus estimate of $1.30 by ($0.07). ONEOK had a return on equity of 16.06% and a net margin of 10.03%.The business had revenue of $9.62 billion during the quarter, compared to the consensus estimate of $8.23 billion. During the same quarter last year, the firm posted $1.04 earnings per share. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. On average, sell-side analysts expect that ONEOK, Inc. will post 5.72 earnings per share for the current fiscal year.

ONEOK Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 4th were paid a dividend of $1.07 per share. The ex-dividend date of this dividend was Monday, May 4th. This represents a $4.28 annualized dividend and a yield of 4.8%. ONEOK’s dividend payout ratio is currently 76.29%.

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.