ONEOK, Inc. $OKE Shares Sold by Legal & General Group Plc

Legal & General Group Plc lowered its holdings in ONEOK, Inc. (NYSE:OKE) by 6.1% in the fourth quarter, HoldingsChannel reports. The firm owned 4,900,671 shares of the utilities provider’s stock after selling 317,705 shares during the quarter. Legal & General Group Plc’s holdings in ONEOK were worth $360,199,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in OKE. Disciplined Investments LLC lifted its holdings in ONEOK by 0.6% in the 4th quarter. Disciplined Investments LLC now owns 21,577 shares of the utilities provider’s stock valued at $1,586,000 after purchasing an additional 125 shares in the last quarter. TCV Trust & Wealth Management Inc. lifted its holdings in ONEOK by 4.2% in the 4th quarter. TCV Trust & Wealth Management Inc. now owns 3,290 shares of the utilities provider’s stock valued at $242,000 after purchasing an additional 133 shares in the last quarter. Empowered Funds LLC lifted its holdings in ONEOK by 0.8% in the 1st quarter. Empowered Funds LLC now owns 17,957 shares of the utilities provider’s stock valued at $1,782,000 after purchasing an additional 137 shares in the last quarter. Fourpath Capital Management LLC lifted its holdings in ONEOK by 1.6% in the 4th quarter. Fourpath Capital Management LLC now owns 8,628 shares of the utilities provider’s stock valued at $634,000 after purchasing an additional 140 shares in the last quarter. Finally, JFS Wealth Advisors LLC lifted its holdings in ONEOK by 8.4% in the 4th 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 in the last quarter. Institutional investors and hedge funds own 69.13% of the company’s stock.

ONEOK Price Performance

ONEOK stock opened at $90.55 on Wednesday. ONEOK, Inc. has a 52-week low of $64.02 and a 52-week high of $96.07. The firm has a fifty day moving average of $88.83 and a 200-day moving average of $80.96. The firm has a market capitalization of $57.05 billion, a P/E ratio of 16.14, a PEG ratio of 6.84 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 (NYSE:OKE) last released its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.30 by ($0.07). ONEOK had a return on equity of 16.06% and a net margin of 10.03%.The business had revenue of $9.62 billion during the quarter, compared to analyst estimates of $8.23 billion. During the same period in the previous year, the company earned $1.04 EPS. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. As a group, analysts predict that ONEOK, Inc. will post 5.76 EPS for the current year.

ONEOK Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 4th were paid a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date was Monday, May 4th. ONEOK’s payout ratio is 76.29%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Mizuho set a $89.00 target price on shares of ONEOK in a report on Monday, February 23rd. Freedom Capital upgraded shares of ONEOK from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 5th. Wall Street Zen raised shares of ONEOK from a “sell” rating to a “hold” rating in a research report on Tuesday. Barclays upped their price target on shares of ONEOK from $82.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 30th. Finally, Royal Bank Of Canada upped their price target on shares of ONEOK from $79.00 to $84.00 and gave the stock a “sector perform” rating in a research report on Thursday, March 19th. Eight equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, ONEOK presently has a consensus rating of “Hold” and an average price target of $91.88.

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.