Aventail Capital Group LP Has $44.12 Million Stake in ONEOK, Inc. $OKE

Aventail Capital Group LP grew its position in ONEOK, Inc. (NYSE:OKE) by 61.8% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 600,273 shares of the utilities provider’s stock after purchasing an additional 229,209 shares during the quarter. ONEOK comprises 2.5% of Aventail Capital Group LP’s portfolio, making the stock its 11th biggest holding. Aventail Capital Group LP’s holdings in ONEOK were worth $44,120,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in OKE. Banco Bilbao Vizcaya Argentaria S.A. grew its holdings in shares of ONEOK by 5.0% during the 4th quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 19,360 shares of the utilities provider’s stock valued at $1,423,000 after purchasing an additional 917 shares during the last quarter. Advanced Portfolio Management LLC bought a new stake in shares of ONEOK during the 4th quarter valued at approximately $452,000. Guggenheim Capital LLC grew its holdings in shares of ONEOK by 12.8% during the 4th quarter. Guggenheim Capital LLC now owns 68,786 shares of the utilities provider’s stock valued at $5,056,000 after purchasing an additional 7,805 shares during the last quarter. DV Equities LLC bought a new stake in shares of ONEOK during the 4th quarter valued at approximately $64,000. Finally, AQR Capital Management LLC grew its holdings in shares of ONEOK by 81.5% during the 4th quarter. AQR Capital Management LLC now owns 263,501 shares of the utilities provider’s stock valued at $19,367,000 after purchasing an additional 118,309 shares during the last quarter. 69.13% of the stock is currently owned by institutional investors and hedge funds.

ONEOK Trading Down 0.9%

NYSE:OKE opened at $85.53 on Thursday. The firm’s fifty day moving average is $88.20 and its 200-day moving average is $82.98. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.56 and a current ratio of 0.71. ONEOK, Inc. has a 52 week low of $64.02 and a 52 week high of $96.07. The firm has a market cap of $53.89 billion, a P/E ratio of 15.25, a P/E/G ratio of 6.45 and a beta of 0.74.

ONEOK (NYSE:OKE) last posted its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $1.23 EPS for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.07). ONEOK had a net margin of 10.03% and a return on equity of 16.06%. The firm had revenue of $9.62 billion during the quarter, compared to the consensus estimate of $8.23 billion. During the same period in the prior year, the company posted $1.04 earnings per share. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. Equities analysts expect that ONEOK, Inc. will post 5.72 earnings per share for the current year.

ONEOK Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Monday, May 4th were issued a dividend of $1.07 per share. The ex-dividend date was Monday, May 4th. This represents a $4.28 annualized dividend and a yield of 5.0%. ONEOK’s dividend payout ratio is presently 76.29%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Barclays lifted their price target on shares of ONEOK from $82.00 to $90.00 and gave the company an “equal weight” rating in a report on Thursday, April 30th. Freedom Capital raised shares of ONEOK from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 5th. Royal Bank Of Canada lifted their price target on shares of ONEOK from $79.00 to $84.00 and gave the company a “sector perform” rating in a report on Thursday, March 19th. Morgan Stanley lifted their price target on shares of ONEOK from $104.00 to $113.00 and gave the company an “overweight” rating in a report on Tuesday, April 7th. Finally, JPMorgan Chase & Co. lifted their price target on shares of ONEOK from $91.00 to $92.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Eight analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, ONEOK presently has a consensus rating of “Hold” and an average target price 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.