Janney Montgomery Scott LLC Increases Stock Position in ONEOK, Inc. $OKE

Janney Montgomery Scott LLC increased its holdings in shares of ONEOK, Inc. (NYSE:OKE) by 21.1% during the first quarter, Holdings Channel.com reports. The firm owned 195,785 shares of the utilities provider’s stock after buying an additional 34,135 shares during the period. Janney Montgomery Scott LLC’s holdings in ONEOK were worth $17,697,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Diamant Asset Management Inc. purchased a new stake in ONEOK during the first quarter worth $34,619,000. apricus wealth LLC increased its holdings in shares of ONEOK by 1.2% in the 1st quarter. apricus wealth LLC now owns 47,825 shares of the utilities provider’s stock valued at $4,323,000 after acquiring an additional 575 shares during the period. Midwest Financial Group LLC increased its holdings in shares of ONEOK by 0.6% in the 1st quarter. Midwest Financial Group LLC now owns 35,594 shares of the utilities provider’s stock valued at $3,217,000 after acquiring an additional 197 shares during the period. Fort Washington Investment Advisors Inc. OH raised its position in shares of ONEOK by 40.7% in the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 59,219 shares of the utilities provider’s stock worth $5,353,000 after acquiring an additional 17,119 shares in the last quarter. Finally, Realta Investment Advisors purchased a new stake in shares of ONEOK during the 1st quarter worth $1,131,000. Institutional investors own 69.13% of the company’s stock.

Analysts Set New Price Targets

OKE has been the topic of a number of recent research reports. Wall Street Zen raised ONEOK from a “sell” rating to a “hold” rating in a research report on Tuesday, May 26th. Truist Financial increased their price target on shares of ONEOK from $91.00 to $93.00 and gave the company a “hold” rating in a research report on Monday, May 4th. Royal Bank Of Canada raised their price target on shares of ONEOK from $79.00 to $84.00 and gave the company a “sector perform” rating in a report on Thursday, March 19th. TD Cowen lifted their price objective on shares of ONEOK from $80.00 to $85.00 and gave the stock a “hold” rating in a research report on Thursday, April 30th. Finally, JPMorgan Chase & Co. increased their target price on shares of ONEOK from $91.00 to $92.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Eight equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $91.88.

ONEOK Stock Down 1.9%

Shares of OKE stock opened at $87.02 on Wednesday. The stock has a market cap of $54.84 billion, a P/E ratio of 15.51, a P/E/G ratio of 6.64 and a beta of 0.74. 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 50 day moving average of $88.46 and a 200 day moving average of $83.80. ONEOK, Inc. has a twelve month low of $64.02 and a twelve month high of $96.07.

ONEOK (NYSE:OKE) last issued 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). ONEOK had a return on equity of 16.06% and a net margin of 10.03%.The firm had revenue of $9.62 billion during the quarter, compared to analyst estimates of $8.23 billion. During the same quarter last year, the company posted $1.04 EPS. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. As a group, sell-side analysts expect that ONEOK, Inc. will post 5.72 EPS for the current year.

ONEOK Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 4th were issued a $1.07 dividend. The ex-dividend date of this dividend was Monday, May 4th. This represents a $4.28 dividend on an annualized basis and a yield of 4.9%. 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.