Bokf Na Decreases Stake in ONEOK, Inc. $OKE

Bokf Na reduced its holdings in ONEOK, Inc. (NYSE:OKE) by 2.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 354,423 shares of the utilities provider’s stock after selling 8,245 shares during the period. Bokf Na’s holdings in ONEOK were worth $26,050,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of OKE. City Holding Co. purchased a new position in shares of ONEOK in the third quarter worth about $28,000. Winnow Wealth LLC purchased a new position in shares of ONEOK in the third quarter worth about $28,000. SRH Advisors LLC raised its stake in ONEOK by 122.3% during the fourth quarter. SRH Advisors LLC now owns 438 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 241 shares during the period. AXS Investments LLC purchased a new position in ONEOK during the third quarter worth about $35,000. Finally, Accredited Wealth Management LLC raised its stake in ONEOK by 342.5% during the third quarter. Accredited Wealth Management LLC now owns 500 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 387 shares during the period. 69.13% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on OKE. Raymond James Financial reaffirmed an “outperform” rating and set a $92.00 target price on shares of ONEOK in a research note on Thursday, April 30th. Wall Street Zen downgraded shares of ONEOK from a “hold” rating to a “sell” rating in a research note on Saturday. TD Cowen lifted their target price on shares of ONEOK from $80.00 to $85.00 and gave the stock a “hold” rating in a research note on Thursday, April 30th. Jefferies Financial Group lifted their target price 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, UBS Group reduced their price target on shares of ONEOK from $114.00 to $103.00 and set a “buy” rating on the stock in a research note on Thursday, January 22nd. Seven investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $91.19.

ONEOK Price Performance

ONEOK stock opened at $90.04 on Wednesday. The company’s 50 day simple moving average is $87.17 and its 200-day simple moving average is $78.56. The company has a market capitalization of $56.73 billion, a price-to-earnings ratio of 16.05, a price-to-earnings-growth ratio of 6.43 and a beta of 0.78. ONEOK, Inc. has a 1 year low of $64.02 and a 1 year high of $95.30. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.56 and a current ratio of 0.71.

ONEOK (NYSE:OKE) last announced its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $1.23 earnings per share for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.07). The business had revenue of $9.62 billion during the quarter, compared to analyst estimates of $8.23 billion. ONEOK had a net margin of 10.03% and a return on equity of 16.06%. During the same quarter last year, the firm posted $1.04 EPS. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. As a group, equities research analysts expect that ONEOK, Inc. will post 5.9 earnings per share for the current year.

ONEOK Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Monday, May 4th will be issued a $1.07 dividend. The ex-dividend date is Monday, May 4th. This represents a $4.28 annualized dividend and a dividend yield of 4.8%. ONEOK’s dividend payout ratio is presently 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.