Odyssean LLC Takes Position in ONEOK, Inc. $OKE

Odyssean LLC bought a new position in shares of ONEOK, Inc. (NYSE:OKE) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 8,427 shares of the utilities provider’s stock, valued at approximately $733,000.

Other large investors also recently modified their holdings of the company. Zions Bancorporation National Association UT raised its holdings in shares of ONEOK by 73.3% during the fourth quarter. Zions Bancorporation National Association UT now owns 338 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 143 shares in the last quarter. Portus Wealth Advisors LLC purchased a new stake in ONEOK in the first quarter worth $33,000. Elyxium Wealth LLC purchased a new position in ONEOK during the 4th quarter valued at $29,000. Wilkerson Advisory Group LLC raised its holdings in ONEOK by 51.4% in the 1st quarter. Wilkerson Advisory Group LLC now owns 392 shares of the utilities provider’s stock worth $35,000 after purchasing an additional 133 shares in the last quarter. Finally, Cornerstone Financial Management LLC bought a new position in ONEOK in the 4th quarter worth $29,000. 69.13% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Freedom Capital raised shares of ONEOK from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 5th. Royal Bank Of Canada increased their price target on shares of ONEOK from $84.00 to $90.00 and gave the stock a “sector perform” rating in a research note on Tuesday, July 21st. Morgan Stanley raised their price objective on shares of ONEOK from $103.00 to $105.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 18th. Scotiabank cut ONEOK from a “sector outperform” rating to a “sector perform” rating and cut their price objective for the company from $92.00 to $89.00 in a research report on Thursday, April 30th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of ONEOK in a report on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, ONEOK currently has a consensus rating of “Moderate Buy” and a consensus price target of $91.94.

ONEOK Stock Performance

Shares of OKE stock opened at $94.93 on Thursday. The company’s fifty day moving average price is $90.50 and its 200-day moving average price is $88.58. The stock has a market cap of $59.84 billion, a PE ratio of 16.37, a price-to-earnings-growth ratio of 2.56 and a beta of 0.73. 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 $97.90.

ONEOK (NYSE:OKE) last issued its quarterly earnings results on Monday, August 3rd. The utilities provider reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.07. ONEOK had a net margin of 9.29% and a return on equity of 16.41%. The company had revenue of $12.05 billion during the quarter, compared to analyst estimates of $8.95 billion. During the same period last year, the business earned $1.34 EPS. ONEOK has set its FY 2026 guidance at 5.680-5.680 EPS. On average, equities analysts expect that ONEOK, Inc. will post 5.84 EPS for the current fiscal year.

ONEOK Announces Dividend

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

ONEOK 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.