ONEOK, Inc. $OKE Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC lessened its position in ONEOK, Inc. (NYSE:OKE) by 2.2% in the 4th quarter, Holdings Channel reports. The fund owned 399,979 shares of the utilities provider’s stock after selling 9,004 shares during the period. HighTower Advisors LLC’s holdings in ONEOK were worth $29,398,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Disciplined Investments LLC increased its stake in shares of ONEOK by 0.6% during the fourth quarter. Disciplined Investments LLC now owns 21,577 shares of the utilities provider’s stock worth $1,586,000 after acquiring an additional 125 shares during the period. TCV Trust & Wealth Management Inc. lifted its position in ONEOK by 4.2% in the fourth quarter. TCV Trust & Wealth Management Inc. now owns 3,290 shares of the utilities provider’s stock valued at $242,000 after purchasing an additional 133 shares during the period. Empowered Funds LLC lifted its position in ONEOK by 0.8% in the first quarter. Empowered Funds LLC now owns 17,957 shares of the utilities provider’s stock valued at $1,782,000 after purchasing an additional 137 shares during the period. Fourpath Capital Management LLC boosted its holdings in ONEOK by 1.6% in the 4th quarter. Fourpath Capital Management LLC now owns 8,628 shares of the utilities provider’s stock valued at $634,000 after purchasing an additional 140 shares in the last quarter. Finally, JFS Wealth Advisors LLC boosted its holdings in ONEOK by 8.4% in the 4th quarter. JFS Wealth Advisors LLC now owns 1,864 shares of the utilities provider’s stock valued at $137,000 after purchasing an additional 144 shares in the last quarter. Hedge funds and other institutional investors own 69.13% of the company’s stock.

Wall Street Analyst Weigh In

OKE has been the subject of a number of analyst reports. TD Cowen increased their target price on ONEOK from $80.00 to $85.00 and gave the stock a “hold” rating in a research note on Thursday, April 30th. Freedom Capital upgraded ONEOK from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 5th. Wells Fargo & Company dropped their price objective on ONEOK from $100.00 to $98.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Scotiabank cut ONEOK from a “sector outperform” rating to a “sector perform” rating and cut their price objective for the stock from $92.00 to $89.00 in a research report on Thursday, April 30th. Finally, Morgan Stanley raised their target price on ONEOK from $104.00 to $113.00 and gave the company an “overweight” rating in a report on Tuesday, April 7th. Eight analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, ONEOK has an average rating of “Hold” and an average target price of $91.88.

ONEOK Trading Up 1.5%

Shares of ONEOK stock opened at $93.98 on Friday. The company has a 50-day moving average of $88.54 and a two-hundred day moving average of $80.48. 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 has a market cap of $59.21 billion, a PE ratio of 16.75, a price-to-earnings-growth ratio of 6.73 and a beta of 0.78.

ONEOK (NYSE:OKE) last announced its quarterly 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). The firm had revenue of $9.62 billion for 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 last year, the firm earned $1.04 EPS. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. On average, research analysts anticipate that ONEOK, Inc. will post 5.76 EPS for the current fiscal year.

ONEOK Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Monday, May 4th were given a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date was Monday, May 4th. ONEOK’s payout ratio is presently 76.29%.

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.