South Street Advisors LLC Sells 21,585 Shares of ONEOK, Inc. $OKE

South Street Advisors LLC lowered its holdings in shares of ONEOK, Inc. (NYSE:OKE) by 26.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 59,233 shares of the utilities provider’s stock after selling 21,585 shares during the period. South Street Advisors LLC’s holdings in ONEOK were worth $4,354,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Winnow Wealth LLC bought a new position in ONEOK during the 3rd quarter worth approximately $28,000. Elyxium Wealth LLC bought a new stake in shares of ONEOK in the 4th quarter worth approximately $29,000. SRH Advisors LLC boosted its stake in shares of ONEOK by 122.3% during the 4th quarter. SRH Advisors LLC now owns 438 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 241 shares in the last quarter. AXS Investments LLC bought a new stake in shares of ONEOK during the third quarter valued at approximately $35,000. Finally, Accredited Wealth Management LLC boosted its holdings in ONEOK by 342.5% in 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. Institutional investors own 69.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on OKE shares. Raymond James Financial reaffirmed an “outperform” rating and issued a $92.00 price objective on shares of ONEOK in a research note on Thursday, April 30th. TD Cowen upped their price target on shares of ONEOK from $80.00 to $85.00 and gave the company a “hold” rating in a report on Thursday, April 30th. Wolfe Research downgraded ONEOK from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, February 25th. Truist Financial upped their target price on shares of ONEOK from $91.00 to $93.00 and gave the stock a “hold” rating in a research note on Monday, May 4th. Finally, Wall Street Zen upgraded shares of ONEOK from a “sell” rating to a “hold” rating in a research note on Tuesday. Eight equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $91.88.

ONEOK Stock Performance

NYSE OKE opened at $87.11 on Friday. The stock has a 50-day moving average of $88.89 and a two-hundred day moving average of $81.24. The company has a market cap of $54.88 billion, a P/E ratio of 15.53, a P/E/G ratio of 6.41 and a beta of 0.78. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.71 and a quick ratio of 0.56. ONEOK, Inc. has a 1-year low of $64.02 and a 1-year high of $96.07.

ONEOK (NYSE:OKE) last posted 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). The firm had revenue of $9.62 billion during the quarter, compared to analyst estimates of $8.23 billion. ONEOK had a net margin of 10.03% and a return on equity of 16.06%. During the same period in the previous year, the company posted $1.04 earnings per share. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. As a group, analysts anticipate that ONEOK, Inc. will post 5.76 EPS for the current year.

ONEOK Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 4th were given a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date was Monday, May 4th. ONEOK’s dividend payout ratio (DPR) is presently 76.29%.

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.