Trivium Point Advisory LLC Acquires 6,751 Shares of ONEOK, Inc. $OKE

Trivium Point Advisory LLC boosted its holdings in ONEOK, Inc. (NYSE:OKE) by 182.1% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,459 shares of the utilities provider’s stock after purchasing an additional 6,751 shares during the quarter. Trivium Point Advisory LLC’s holdings in ONEOK were worth $909,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in OKE. Old West Investment Management LLC bought a new stake in shares of ONEOK in the 2nd quarter worth approximately $847,000. Continuum Advisory LLC grew its stake in shares of ONEOK by 22.2% in the 2nd quarter. Continuum Advisory LLC now owns 3,061 shares of the utilities provider’s stock worth $266,000 after buying an additional 556 shares during the last quarter. Tulsa Wealth Advisors INC increased its position in ONEOK by 19.7% during the 2nd quarter. Tulsa Wealth Advisors INC now owns 17,373 shares of the utilities provider’s stock valued at $1,510,000 after buying an additional 2,865 shares in the last quarter. Argent Trust Co raised its stake in ONEOK by 72.1% during the second quarter. Argent Trust Co now owns 24,633 shares of the utilities provider’s stock valued at $2,142,000 after buying an additional 10,322 shares during the last quarter. Finally, Global Retirement Partners LLC purchased a new position in ONEOK during the second quarter valued at $4,198,000. 69.13% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

OKE has been the topic of several analyst reports. Weiss Ratings reissued a “buy (b-)” rating on shares of ONEOK in a report on Thursday. Wall Street Zen upgraded ONEOK from a “sell” rating to a “hold” rating in a report on Sunday, August 9th. Barclays lowered their price target on ONEOK from $90.00 to $88.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 8th. Freedom Capital upgraded shares of ONEOK from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 5th. Finally, Citigroup increased their price objective on shares of ONEOK from $95.00 to $97.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $91.81.

ONEOK Stock Performance

OKE stock opened at $94.99 on Monday. The stock’s 50 day simple moving average is $89.48 and its 200 day simple moving average is $87.68. The company has a current ratio of 0.74, a quick ratio of 0.59 and a debt-to-equity ratio of 1.34. ONEOK, Inc. has a 12-month low of $64.02 and a 12-month high of $96.07. The stock has a market capitalization of $59.88 billion, a PE ratio of 16.38, a price-to-earnings-growth ratio of 7.10 and a beta of 0.73.

ONEOK (NYSE:OKE) last posted its earnings results on Monday, August 3rd. The utilities provider reported $1.53 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.07. ONEOK had a return on equity of 16.41% and a net margin of 9.29%.The business had revenue of $12.05 billion during the quarter, compared to analyst estimates of $8.95 billion. During the same quarter last year, the company earned $1.34 EPS. ONEOK has set its FY 2026 guidance at 5.680-5.680 EPS. As a group, research analysts forecast that ONEOK, Inc. will post 5.87 earnings per share for the current fiscal year.

ONEOK Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Monday, August 3rd were paid a dividend of $1.07 per share. The ex-dividend date was Monday, August 3rd. This represents a $4.28 annualized dividend and a yield of 4.5%. ONEOK’s dividend payout ratio is currently 73.79%.

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.