ONEOK, Inc. $OKE Shares Sold by South Street Advisors LLC

South Street Advisors LLC decreased its holdings in ONEOK, Inc. (NYSE:OKE) by 21.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,915 shares of the utilities provider’s stock after selling 12,417 shares during the quarter. South Street Advisors LLC’s holdings in ONEOK were worth $3,905,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of OKE. Zions Bancorporation National Association UT boosted its position in shares of ONEOK by 73.3% in the fourth quarter. Zions Bancorporation National Association UT now owns 338 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 143 shares during the last quarter. Elyxium Wealth LLC purchased a new stake in ONEOK in the fourth quarter valued at approximately $29,000. Cornerstone Financial Management LLC acquired a new position in ONEOK during the fourth quarter worth approximately $29,000. Portus Wealth Advisors LLC acquired a new position in ONEOK during the first quarter worth approximately $33,000. Finally, Wilkerson Advisory Group LLC raised its stake in ONEOK by 51.4% during the first quarter. Wilkerson Advisory Group LLC now owns 392 shares of the utilities provider’s stock worth $35,000 after purchasing an additional 133 shares during the period. Institutional investors and hedge funds own 69.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on OKE. Citigroup lifted their price target on shares of ONEOK from $95.00 to $97.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Barclays cut their target price on ONEOK from $90.00 to $88.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 8th. Wells Fargo & Company reduced their target price on ONEOK from $100.00 to $98.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Wall Street Zen raised ONEOK from a “sell” rating to a “hold” rating in a research report on Sunday, August 9th. Finally, Weiss Ratings upgraded ONEOK from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 18th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $91.81.

ONEOK Price Performance

Shares of NYSE OKE opened at $94.99 on Friday. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.74 and a quick ratio of 0.59. ONEOK, Inc. has a 1-year low of $64.02 and a 1-year high of $96.07. The company has a market capitalization of $59.88 billion, a price-to-earnings ratio of 16.38, a PEG ratio of 4.95 and a beta of 0.73. The business has a 50-day moving average of $89.48 and a 200-day moving average of $87.61.

ONEOK (NYSE:OKE) last announced its earnings results on Monday, August 3rd. The utilities provider reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.07. The business had revenue of $12.05 billion during the quarter, compared to the consensus estimate of $8.95 billion. ONEOK had a net margin of 9.29% and a return on equity of 16.41%. During the same period in the prior year, the firm earned $1.34 earnings per share. ONEOK has set its FY 2026 guidance at 5.680-5.680 EPS. On average, equities analysts anticipate that ONEOK, Inc. will post 5.87 EPS for the current fiscal year.

ONEOK Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Monday, August 3rd were issued a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date was Monday, August 3rd. ONEOK’s payout ratio is 73.79%.

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.