Legato Capital Management LLC Acquires Shares of 30,000 ONEOK, Inc. $OKE

Legato Capital Management LLC acquired a new stake in shares of ONEOK, Inc. (NYSE:OKE) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 30,000 shares of the utilities provider’s stock, valued at approximately $2,205,000.

Other large investors have also recently made changes to their positions in the company. Winnow Wealth LLC acquired a new position in shares of ONEOK in the 3rd quarter valued at $28,000. Elyxium Wealth LLC acquired a new position in shares of ONEOK in the 4th quarter valued at $29,000. SRH Advisors LLC lifted its stake in shares of ONEOK by 122.3% in the 4th quarter. SRH Advisors LLC now owns 438 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 241 shares during the period. AXS Investments LLC acquired a new position in shares of ONEOK in the 3rd quarter valued at $35,000. Finally, Accredited Wealth Management LLC lifted its stake in shares of ONEOK by 342.5% in the 3rd quarter. Accredited Wealth Management LLC now owns 500 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 387 shares during the period. 69.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

OKE has been the subject of several analyst reports. Scotiabank cut shares of ONEOK from a “sector outperform” rating to a “sector perform” rating and decreased their target price for the company from $92.00 to $89.00 in a research note on Thursday, April 30th. TD Cowen boosted their target price on shares of ONEOK from $80.00 to $85.00 and gave the company a “hold” rating in a research note on Thursday, April 30th. Wells Fargo & Company reduced their price objective on shares of ONEOK from $100.00 to $98.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Mizuho set a $89.00 price objective on shares of ONEOK in a report on Monday, February 23rd. Finally, Barclays lifted their target price on shares of ONEOK from $82.00 to $90.00 and gave the company an “equal weight” rating in a research report on Thursday, April 30th. Eight equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, ONEOK has an average rating of “Hold” and an average target price of $91.88.

ONEOK Trading Up 1.5%

Shares of OKE stock opened at $93.98 on Friday. ONEOK, Inc. has a fifty-two week low of $64.02 and a fifty-two week high of $96.07. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.56 and a current ratio of 0.71. The stock’s fifty day moving average is $88.54 and its two-hundred day moving average is $80.48. The firm has a market capitalization of $59.21 billion, a P/E ratio of 16.75, a PEG ratio of 6.84 and a beta of 0.78.

ONEOK (NYSE:OKE) last released its earnings results on Tuesday, April 28th. The utilities provider reported $1.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.07). The business 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 in the previous year, the company earned $1.04 EPS. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. Research analysts expect that ONEOK, Inc. will post 5.76 earnings per share for the current fiscal year.

ONEOK Dividend Announcement

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