Hilltop Holdings Inc. Sells 10,259 Shares of ONEOK, Inc. $OKE

Hilltop Holdings Inc. lessened its holdings in shares of ONEOK, Inc. (NYSE:OKE) by 40.7% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 14,944 shares of the utilities provider’s stock after selling 10,259 shares during the period. Hilltop Holdings Inc.’s holdings in ONEOK were worth $1,351,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in OKE. Zions Bancorporation National Association UT grew its holdings in ONEOK by 73.3% in the 4th quarter. Zions Bancorporation National Association UT now owns 338 shares of the utilities provider’s stock valued at $25,000 after buying an additional 143 shares during the last quarter. Portus Wealth Advisors LLC acquired a new position in shares of ONEOK during the first quarter worth approximately $33,000. Elyxium Wealth LLC bought a new stake in shares of ONEOK in the fourth quarter valued at approximately $29,000. Wilkerson Advisory Group LLC boosted its position in shares of ONEOK by 51.4% in the first quarter. Wilkerson Advisory Group LLC now owns 392 shares of the utilities provider’s stock valued at $35,000 after acquiring an additional 133 shares during the period. Finally, Cornerstone Financial Management LLC acquired a new stake in shares of ONEOK in the fourth quarter worth $29,000. Institutional investors own 69.13% of the company’s stock.

ONEOK Stock Performance

OKE opened at $93.13 on Friday. The stock’s 50 day simple moving average is $89.48 and its 200-day simple moving average is $85.96. 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 has a market cap of $58.69 billion, a PE ratio of 16.60, a P/E/G ratio of 5.01 and a beta of 0.73. ONEOK, Inc. has a 1 year low of $64.02 and a 1 year high of $96.07.

ONEOK (NYSE:OKE) last issued its 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 firm had revenue of $9.62 billion during the quarter, compared to the consensus estimate of $8.23 billion. During the same period last year, the business earned $1.04 earnings per share. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. Sell-side analysts forecast that ONEOK, Inc. will post 5.68 EPS for the current year.

ONEOK Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Monday, August 3rd will be paid a $1.07 dividend. The ex-dividend date is Monday, August 3rd. This represents a $4.28 dividend on an annualized basis and a dividend yield of 4.6%. ONEOK’s dividend payout ratio is currently 76.29%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Freedom Capital raised shares of ONEOK from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th. Citigroup increased their price target on shares of ONEOK from $95.00 to $97.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Jefferies Financial Group raised their price target on shares of ONEOK from $98.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, April 8th. Wells Fargo & Company dropped their price objective on shares of ONEOK from $100.00 to $98.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $92.00 price objective on shares of ONEOK in a research report on Thursday, April 30th. Eight research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $92.44.

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.