Tritonpoint Wealth LLC Has $598,000 Position in ONEOK, Inc. $OKE

Tritonpoint Wealth LLC cut its holdings in ONEOK, Inc. (NYSE:OKE) by 48.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,135 shares of the utilities provider’s stock after selling 7,574 shares during the quarter. Tritonpoint Wealth LLC’s holdings in ONEOK were worth $598,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Empowered Funds LLC boosted its position in shares of ONEOK by 0.8% in the 1st quarter. Empowered Funds LLC now owns 17,957 shares of the utilities provider’s stock worth $1,782,000 after purchasing an additional 137 shares during the last quarter. Focused Wealth Management Inc increased its holdings in ONEOK by 4.3% in the third quarter. Focused Wealth Management Inc now owns 3,441 shares of the utilities provider’s stock valued at $251,000 after purchasing an additional 142 shares during the last quarter. JFS Wealth Advisors LLC increased its holdings in ONEOK by 8.4% in the fourth 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 during the last quarter. Silver Lake Advisory LLC lifted its stake in ONEOK by 1.4% in the third quarter. Silver Lake Advisory LLC now owns 10,788 shares of the utilities provider’s stock valued at $787,000 after buying an additional 147 shares during the period. Finally, Alternative Investment Advisors LLC. boosted its holdings in ONEOK by 1.2% during the second quarter. Alternative Investment Advisors LLC. now owns 12,479 shares of the utilities provider’s stock worth $1,019,000 after buying an additional 148 shares during the last quarter. Institutional investors and hedge funds own 69.13% of the company’s stock.

ONEOK Stock Up 0.0%

ONEOK stock opened at $88.33 on Friday. The company has a 50 day moving average of $85.23 and a 200-day moving average of $76.43. The company has a quick ratio of 0.56, a current ratio of 0.71 and a debt-to-equity ratio of 1.36. ONEOK, Inc. has a twelve month low of $64.02 and a twelve month high of $97.41. The stock has a market capitalization of $55.65 billion, a PE ratio of 16.30, a price-to-earnings-growth ratio of 6.70 and a beta of 0.84.

ONEOK (NYSE:OKE) last posted its quarterly earnings data on Monday, February 23rd. The utilities provider reported $1.55 EPS for the quarter, beating the consensus estimate of $1.50 by $0.05. The business had revenue of $9.07 billion for the quarter, compared to analysts’ expectations of $8.77 billion. ONEOK had a net margin of 10.09% and a return on equity of 15.29%. During the same period in the previous year, the firm posted $1.57 EPS. ONEOK has set its FY 2026 guidance at 5.040-5.870 EPS. On average, equities research analysts anticipate that ONEOK, Inc. will post 5.07 EPS for the current fiscal year.

ONEOK Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Monday, February 2nd were issued a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a dividend yield of 4.8%. This is a positive change from ONEOK’s previous quarterly dividend of $1.03. The ex-dividend date was Monday, February 2nd. ONEOK’s dividend payout ratio is presently 78.97%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on OKE. Wolfe Research lowered ONEOK from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, February 25th. UBS Group reduced their price objective on shares of ONEOK from $114.00 to $103.00 and set a “buy” rating on the stock in a research note on Thursday, January 22nd. Scotiabank restated an “outperform” rating and set a $91.00 price objective on shares of ONEOK in a report on Friday, January 16th. Royal Bank Of Canada upped their target price on shares of ONEOK from $79.00 to $84.00 and gave the company a “sector perform” rating in a research note on Thursday, March 19th. Finally, Barclays increased their target price on shares of ONEOK from $76.00 to $82.00 and gave the stock an “equal weight” rating in a report on Thursday, March 5th. Nine research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, ONEOK currently has an average rating of “Moderate Buy” and an average price target of $88.94.

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.