Jefferies Financial Group Inc. Purchases 9,700 Shares of ONEOK, Inc. $OKE

Jefferies Financial Group Inc. boosted its position in ONEOK, Inc. (NYSE:OKE) by 70.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,423 shares of the utilities provider’s stock after buying an additional 9,700 shares during the quarter. Jefferies Financial Group Inc.’s holdings in ONEOK were worth $1,709,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Pinnacle Associates Ltd. grew its position in shares of ONEOK by 31.0% in the third quarter. Pinnacle Associates Ltd. now owns 5,888 shares of the utilities provider’s stock valued at $430,000 after purchasing an additional 1,392 shares during the last quarter. Prevail Innovative Wealth Advisors LLC increased its stake in shares of ONEOK by 76.6% in the third quarter. Prevail Innovative Wealth Advisors LLC now owns 20,481 shares of the utilities provider’s stock worth $1,495,000 after purchasing an additional 8,884 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in shares of ONEOK during the 3rd quarter worth about $797,000. Meiji Yasuda Asset Management Co Ltd. lifted its position in shares of ONEOK by 1.5% during the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 12,748 shares of the utilities provider’s stock worth $930,000 after purchasing an additional 190 shares during the last quarter. Finally, CreativeOne Wealth LLC boosted its stake in ONEOK by 6.9% during the 3rd quarter. CreativeOne Wealth LLC now owns 20,347 shares of the utilities provider’s stock valued at $1,485,000 after purchasing an additional 1,313 shares during the period. Institutional investors own 69.13% of the company’s stock.

Wall Street Analyst Weigh In

OKE has been the topic of a number of research analyst reports. Scotiabank reaffirmed an “outperform” rating and issued a $91.00 target price on shares of ONEOK in a report on Friday, January 16th. Mizuho set a $89.00 price target on ONEOK in a report on Monday, February 23rd. JPMorgan Chase & Co. cut ONEOK from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $87.00 to $83.00 in a research report on Tuesday, January 27th. Morgan Stanley restated an “overweight” rating and issued a $104.00 price objective on shares of ONEOK in a research note on Wednesday, January 28th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of ONEOK in a research report on Monday, December 29th. Seven research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, ONEOK has a consensus rating of “Hold” and an average price target of $86.47.

ONEOK Trading Up 1.2%

ONEOK stock opened at $85.73 on Thursday. The business has a 50 day moving average price of $80.14 and a two-hundred day moving average price of $74.62. The company has a quick ratio of 0.56, a current ratio of 0.71 and a debt-to-equity ratio of 1.36. The stock has a market cap of $53.99 billion, a price-to-earnings ratio of 15.82, a price-to-earnings-growth ratio of 5.04 and a beta of 0.93. ONEOK, Inc. has a 12 month low of $64.02 and a 12 month high of $103.64.

ONEOK (NYSE:OKE) last announced its quarterly earnings data on Monday, February 23rd. The utilities provider reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.50 by $0.05. The company had revenue of $9.07 billion for the quarter, compared to analyst estimates of $8.77 billion. ONEOK had a return on equity of 15.29% and a net margin of 10.09%.During the same quarter last year, the firm earned $1.57 EPS. ONEOK has set its FY 2026 guidance at 5.040-5.870 EPS. As a group, equities analysts forecast that ONEOK, Inc. will post 5.07 EPS for the current year.

ONEOK Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Monday, February 2nd were given a $1.07 dividend. This represents a $4.28 annualized dividend and a yield of 5.0%. This is an increase from ONEOK’s previous quarterly dividend of $1.03. The ex-dividend date of this dividend was Monday, February 2nd. ONEOK’s dividend payout ratio (DPR) is 78.97%.

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.