ONEOK, Inc. $OKE Shares Sold by Hilltop Holdings Inc.

Hilltop Holdings Inc. lowered its position in ONEOK, Inc. (NYSE:OKE) by 23.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,667 shares of the utilities provider’s stock after selling 8,468 shares during the quarter. Hilltop Holdings Inc.’s holdings in ONEOK were worth $2,019,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. National Pension Service raised its holdings in ONEOK by 2.9% in the third quarter. National Pension Service now owns 857,949 shares of the utilities provider’s stock valued at $62,605,000 after buying an additional 24,003 shares during the period. Hudson Edge Investment Partners Inc. grew its stake in ONEOK by 34.1% during the third quarter. Hudson Edge Investment Partners Inc. now owns 87,667 shares of the utilities provider’s stock worth $6,397,000 after buying an additional 22,282 shares during the period. Nordea Investment Management AB increased its position in shares of ONEOK by 7.5% in the third quarter. Nordea Investment Management AB now owns 777,262 shares of the utilities provider’s stock worth $55,885,000 after acquiring an additional 54,444 shares in the last quarter. Tectonic Advisors LLC increased its position in shares of ONEOK by 41.1% in the third quarter. Tectonic Advisors LLC now owns 188,842 shares of the utilities provider’s stock worth $13,780,000 after acquiring an additional 55,024 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its stake in shares of ONEOK by 29.6% in the 3rd quarter. Jones Financial Companies Lllp now owns 534,285 shares of the utilities provider’s stock valued at $39,401,000 after acquiring an additional 121,891 shares during the period. Hedge funds and other institutional investors own 69.13% of the company’s stock.

ONEOK Stock Performance

ONEOK stock opened at $85.35 on Tuesday. ONEOK, Inc. has a 12-month low of $64.02 and a 12-month high of $103.64. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.71 and a quick ratio of 0.56. The company has a market capitalization of $53.75 billion, a price-to-earnings ratio of 15.75, a price-to-earnings-growth ratio of 6.50 and a beta of 0.93. The firm’s fifty day moving average price is $80.82 and its 200 day moving average price is $74.84.

ONEOK (NYSE:OKE) last posted its quarterly earnings data on Monday, February 23rd. The utilities provider reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.50 by $0.05. The company had revenue of $9.07 billion during the quarter, compared to analysts’ expectations of $8.77 billion. ONEOK had a net margin of 10.09% and a return on equity of 15.29%. During the same period in the prior year, the company posted $1.57 EPS. ONEOK has set its FY 2026 guidance at 5.040-5.870 EPS. On average, research analysts forecast that ONEOK, Inc. will post 5.07 EPS for the current fiscal year.

ONEOK Increases Dividend

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

Wall Street Analyst Weigh In

OKE has been the topic of several recent research reports. Scotiabank restated an “outperform” rating and set a $91.00 target price on shares of ONEOK in a report on Friday, January 16th. UBS Group cut their price objective on ONEOK from $114.00 to $103.00 and set a “buy” rating on the stock in a research report on Thursday, January 22nd. Wolfe Research cut ONEOK from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, February 25th. Jefferies Financial Group began coverage on ONEOK in a research report on Tuesday, January 20th. They issued a “hold” rating and a $80.00 target price for the company. Finally, Wells Fargo & Company increased their target price on ONEOK from $79.00 to $81.00 and gave the company an “equal weight” rating in a research note on Friday. Seven research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $86.60.

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.