Sanctuary Advisors LLC Buys 5,913 Shares of ONEOK, Inc. $OKE

Sanctuary Advisors LLC lifted its stake in ONEOK, Inc. (NYSE:OKE) by 3.9% in the 1st quarter, HoldingsChannel reports. The firm owned 158,753 shares of the utilities provider’s stock after buying an additional 5,913 shares during the quarter. Sanctuary Advisors LLC’s holdings in ONEOK were worth $14,350,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. Zions Bancorporation National Association UT raised its stake in ONEOK by 73.3% in the fourth quarter. Zions Bancorporation National Association UT now owns 338 shares of the utilities provider’s stock worth $25,000 after buying an additional 143 shares in the last quarter. Elyxium Wealth LLC purchased a new position in shares of ONEOK during the 4th quarter worth approximately $29,000. Cornerstone Financial Management LLC bought a new position in shares of ONEOK in the 4th quarter worth approximately $29,000. SRH Advisors LLC lifted its stake in shares of ONEOK by 122.3% in the 4th quarter. SRH Advisors LLC now owns 438 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 241 shares during the period. Finally, Portus Wealth Advisors LLC purchased a new position in shares of ONEOK in the 1st quarter valued at approximately $33,000. Institutional investors own 69.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on OKE. Weiss Ratings raised ONEOK from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 18th. Morgan Stanley upped their target price on shares of ONEOK from $104.00 to $113.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 7th. JPMorgan Chase & Co. increased their price target 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. Jefferies Financial Group boosted their price objective on shares of ONEOK from $98.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, April 8th. Finally, Raymond James Financial restated an “outperform” rating and issued a $92.00 price objective on shares of ONEOK in a report on Thursday, April 30th. Eight research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, ONEOK currently has a consensus rating of “Hold” and an average price target of $92.06.

ONEOK Trading Up 2.0%

NYSE OKE opened at $92.86 on Friday. ONEOK, Inc. has a 12 month low of $64.02 and a 12 month high of $96.07. The company has a current ratio of 0.71, a quick ratio of 0.56 and a debt-to-equity ratio of 1.37. The stock’s fifty day moving average price is $89.01 and its 200-day moving average price is $85.24. The stock has a market cap of $58.52 billion, a P/E ratio of 16.55, a P/E/G ratio of 6.80 and a beta of 0.73.

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

ONEOK Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Monday, August 3rd will be issued a $1.07 dividend. The ex-dividend date of this dividend is Monday, August 3rd. This represents a $4.28 annualized dividend and a yield of 4.6%. ONEOK’s payout ratio is 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.