Trivium Point Advisory LLC Sells 26,239 Shares of ONEOK, Inc. $OKE

Trivium Point Advisory LLC reduced its stake in ONEOK, Inc. (NYSE:OKE) by 75.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,716 shares of the utilities provider’s stock after selling 26,239 shares during the period. Trivium Point Advisory LLC’s holdings in ONEOK were worth $636,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Brighton Jones LLC raised 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 valued at $1,534,000 after purchasing an additional 8,834 shares in the last quarter. Empowered Funds LLC lifted its stake in ONEOK by 0.8% in the first quarter. Empowered Funds LLC now owns 17,957 shares of the utilities provider’s stock worth $1,782,000 after acquiring an additional 137 shares during the period. Acadian Asset Management LLC purchased a new stake in ONEOK in the first quarter worth about $216,000. Arkadios Wealth Advisors grew its holdings in ONEOK by 30.8% during the 2nd quarter. Arkadios Wealth Advisors now owns 10,739 shares of the utilities provider’s stock worth $877,000 after acquiring an additional 2,528 shares in the last quarter. Finally, Hantz Financial Services Inc. increased its position in ONEOK by 55.2% during the 2nd quarter. Hantz Financial Services Inc. now owns 1,287 shares of the utilities provider’s stock valued at $105,000 after purchasing an additional 458 shares during the period. Institutional investors own 69.13% of the company’s stock.

Wall Street Analysts Forecast Growth

OKE has been the subject of several research reports. Argus raised shares of ONEOK from a “hold” rating to a “buy” rating and set a $79.00 price target for the company in a research report on Thursday, November 6th. The Goldman Sachs Group restated a “neutral” rating and set a $72.00 target price on shares of ONEOK in a report on Monday, November 3rd. Scotiabank reaffirmed an “outperform” rating and set a $91.00 target price on shares of ONEOK in a research report on Friday, January 16th. Weiss Ratings reissued a “hold (c)” rating on shares of ONEOK in a research report on Monday, December 29th. Finally, Wolfe Research cut ONEOK from an “outperform” rating to a “peer perform” rating in a research note on Wednesday. Seven research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $86.07.

ONEOK Price Performance

NYSE OKE opened at $82.67 on Friday. The firm’s fifty day simple moving average is $78.17 and its two-hundred day simple moving average is $73.98. The firm has a market capitalization of $52.06 billion, a P/E ratio of 15.25, a P/E/G ratio of 4.88 and a beta of 0.96. The company has a current ratio of 0.71, a quick ratio of 0.75 and a debt-to-equity ratio of 1.36. ONEOK, Inc. has a 12-month low of $64.02 and a 12-month high of $103.64.

ONEOK (NYSE:OKE) last posted its quarterly earnings data on Monday, February 23rd. The utilities provider reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.50 by $0.05. ONEOK had a return on equity of 15.29% and a net margin of 10.09%.The firm had revenue of $9.07 billion during the quarter, compared to analysts’ expectations of $8.77 billion. During the same quarter last year, the firm earned $1.57 EPS. ONEOK has set its FY 2026 guidance at 5.040-5.870 EPS. Analysts forecast that ONEOK, Inc. will post 5.07 EPS for the current fiscal year.

ONEOK Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Monday, February 2nd were issued a $1.07 dividend. This is a boost from ONEOK’s previous quarterly dividend of $1.03. This represents a $4.28 annualized dividend and a yield of 5.2%. The ex-dividend date of this dividend was Monday, February 2nd. ONEOK’s dividend payout ratio is 78.97%.

About ONEOK

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.