Glenmede Trust Co. NA Has $5.85 Million Stock Holdings in ONEOK, Inc. $OKE

Glenmede Trust Co. NA grew its holdings in ONEOK, Inc. (NYSE:OKE) by 12.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 64,734 shares of the utilities provider’s stock after purchasing an additional 7,274 shares during the period. Glenmede Trust Co. NA’s holdings in ONEOK were worth $5,851,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Brighton Jones LLC increased its position in ONEOK by 137.1% during the 4th quarter. Brighton Jones LLC now owns 15,278 shares of the utilities provider’s stock worth $1,534,000 after purchasing an additional 8,834 shares in the last quarter. Empowered Funds LLC boosted 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 buying an additional 137 shares in the last quarter. Acadian Asset Management LLC bought a new stake in shares of ONEOK during the first quarter worth $216,000. Federated Hermes Inc. grew its stake in shares of ONEOK by 14.0% during the second quarter. Federated Hermes Inc. now owns 3,120 shares of the utilities provider’s stock worth $255,000 after buying an additional 383 shares during the last quarter. Finally, NewEdge Advisors LLC increased its holdings in shares of ONEOK by 3.9% during the second quarter. NewEdge Advisors LLC now owns 130,347 shares of the utilities provider’s stock worth $10,640,000 after buying an additional 4,902 shares in the last quarter. Institutional investors own 69.13% of the company’s stock.

ONEOK Stock Down 3.0%

Shares of OKE opened at $88.05 on Tuesday. The company has a market capitalization of $55.48 billion, a PE ratio of 15.70, a PEG ratio of 4.93 and a beta of 0.73. ONEOK, Inc. has a 12 month low of $64.02 and a 12 month high of $96.07. The stock’s 50-day moving average price is $88.98 and its two-hundred day moving average price is $86.77. The company has a current ratio of 0.71, a quick ratio of 0.56 and a debt-to-equity ratio of 1.37.

ONEOK (NYSE:OKE) last released its quarterly earnings results on Monday, August 3rd. The utilities provider reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.07. The firm had revenue of $12.05 billion for the quarter, compared to analyst estimates of $8.95 billion. ONEOK had a return on equity of 16.06% and a net margin of 10.03%.During the same quarter in the previous year, the company posted $1.34 EPS. ONEOK has set its FY 2026 guidance at 5.680-5.680 EPS. On average, analysts anticipate that ONEOK, Inc. will post 5.63 EPS for the current year.

ONEOK Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Monday, August 3rd will be issued a $1.07 dividend. The ex-dividend date is Monday, August 3rd. This represents a $4.28 annualized dividend and a yield of 4.9%. ONEOK’s dividend payout ratio is presently 76.29%.

Key Headlines Impacting ONEOK

Here are the key news stories impacting ONEOK this week:

• Positive Sentiment: Second-quarter results beat expectations. ONEOK reported adjusted earnings of $1.53 per share, above consensus estimates of roughly $1.39–$1.46 and up from $1.34 a year earlier. Revenue reached $12.05 billion, well ahead of the approximately $8.95 billion estimate. Oneok Inc. Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: Operating performance strengthened. Net income increased 13% and adjusted EBITDA rose 7%, supported by record natural-gas-liquids raw-feed throughput volumes. Management also raised its 2026 earnings forecast for the second time this year, signaling confidence in demand and volumes. ONEOK boosts 2026 forecast as higher NGL volumes boost quarterly profit
• Positive Sentiment: The company’s second-quarter performance was also supported by a 10.03% net margin and 16.06% return on equity, reinforcing the earnings-quality improvement. ONEOK Announces Higher Second-Quarter 2026 Earnings
• Neutral Sentiment: ONEOK declared a $1.07-per-share cash dividend payable August 14. The August 3 ex-dividend date can create temporary technical pressure because new buyers are not entitled to the payment. ONEOK Inc’s Dividend Analysis
• Negative Sentiment: Updated guidance may have disappointed relative to expectations. ONEOK set 2026 EPS guidance at $5.68, slightly below the $5.72 analyst consensus, even though the forecast was increased. That modest shortfall likely limited the positive market reaction to the earnings beat. Compared to Estimates, Oneok Q2 Earnings

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on OKE shares. Truist Financial increased their price target on ONEOK from $91.00 to $93.00 and gave the company a “hold” rating in a research note on Monday, May 4th. Weiss Ratings upgraded ONEOK from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, May 18th. Jefferies Financial Group upped their target price on ONEOK from $98.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, April 8th. Freedom Capital upgraded ONEOK from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 5th. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $92.00 price objective on shares of ONEOK in a report on Thursday, April 30th. Seven investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $91.81.

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.