Securian Asset Management Inc. Sells 13,290 Shares of ONEOK, Inc. $OKE

Securian Asset Management Inc. reduced its holdings in shares of ONEOK, Inc. (NYSE:OKE) by 43.7% in the 4th quarter, Holdings Channel.com reports. The fund owned 17,110 shares of the utilities provider’s stock after selling 13,290 shares during the period. Securian Asset Management Inc.’s holdings in ONEOK were worth $1,258,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Winnow Wealth LLC acquired a new stake in ONEOK in the 3rd quarter valued at $28,000. SRH Advisors LLC increased its position in shares of ONEOK by 122.3% in the fourth quarter. SRH Advisors LLC now owns 438 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 241 shares during the last quarter. AXS Investments LLC acquired a new stake in shares of ONEOK in the third quarter valued at about $35,000. Accredited Wealth Management LLC raised its holdings in ONEOK by 342.5% during the third quarter. Accredited Wealth Management LLC now owns 500 shares of the utilities provider’s stock worth $36,000 after acquiring an additional 387 shares in the last quarter. Finally, Texas Capital Bancshares Inc TX bought a new stake in ONEOK during the third quarter worth about $39,000. 69.13% of the stock is currently owned by institutional investors and hedge funds.

ONEOK Price Performance

Shares of NYSE OKE opened at $88.46 on Wednesday. The company has a market capitalization of $55.73 billion, a PE ratio of 15.77, a P/E/G ratio of 6.23 and a beta of 0.78. The company has a quick ratio of 0.56, a current ratio of 0.71 and a debt-to-equity ratio of 1.37. ONEOK, Inc. has a twelve month low of $64.02 and a twelve month high of $95.30. The firm has a fifty day simple moving average of $87.44 and a 200 day simple moving average of $79.20.

ONEOK (NYSE:OKE) last announced its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $1.23 earnings per share for the quarter, missing the consensus estimate of $1.30 by ($0.07). ONEOK had a net margin of 10.03% and a return on equity of 16.06%. The company had revenue of $9.62 billion for the quarter, compared to analyst estimates of $8.23 billion. During the same quarter in the prior year, the company posted $1.04 EPS. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. On average, sell-side analysts forecast that ONEOK, Inc. will post 5.9 EPS for the current year.

ONEOK Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Monday, May 4th will be paid a $1.07 dividend. The ex-dividend date is Monday, May 4th. This represents a $4.28 annualized dividend and a yield of 4.8%. ONEOK’s dividend payout ratio (DPR) is 76.29%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of ONEOK in a research note on Monday, May 4th. Jefferies Financial Group increased their price target on shares of ONEOK from $98.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, April 8th. Truist Financial lifted their price objective 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. UBS Group dropped their target price on shares of ONEOK from $114.00 to $103.00 and set a “buy” rating on the stock in a report on Thursday, January 22nd. Finally, JPMorgan Chase & Co. lifted their price target on ONEOK from $91.00 to $92.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Seven investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat, ONEOK presently has a consensus rating of “Hold” and an average price target of $91.88.

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.