NFJ Investment Group LLC cut its holdings in shares of ONEOK, Inc. (NYSE:OKE – Free Report) by 18.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 76,390 shares of the utilities provider’s stock after selling 17,200 shares during the period. NFJ Investment Group LLC’s holdings in ONEOK were worth $5,615,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of the business. Hoxton Planning & Management LLC grew its stake in shares of ONEOK by 2.3% during the fourth quarter. Hoxton Planning & Management LLC now owns 5,372 shares of the utilities provider’s stock valued at $395,000 after acquiring an additional 120 shares in the last quarter. Disciplined Investments LLC grew its stake in shares of ONEOK by 0.6% during the fourth quarter. Disciplined Investments LLC now owns 21,577 shares of the utilities provider’s stock valued at $1,586,000 after acquiring an additional 125 shares in the last quarter. TCV Trust & Wealth Management Inc. grew its stake in shares of ONEOK by 4.2% during the fourth quarter. TCV Trust & Wealth Management Inc. now owns 3,290 shares of the utilities provider’s stock valued at $242,000 after acquiring an additional 133 shares in the last quarter. Loomis Sayles & Co. L P grew its stake in shares of ONEOK by 14.8% during the fourth quarter. Loomis Sayles & Co. L P now owns 1,034 shares of the utilities provider’s stock valued at $76,000 after acquiring an additional 133 shares in the last quarter. Finally, Empowered Funds LLC lifted its position in shares of ONEOK by 0.8% during the first quarter. Empowered Funds LLC now owns 17,957 shares of the utilities provider’s stock worth $1,782,000 after purchasing an additional 137 shares during the last quarter. 69.13% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several brokerages have recently commented on OKE. Wall Street Zen raised shares of ONEOK from a “sell” rating to a “hold” rating in a research report on Tuesday, May 26th. Wolfe Research cut shares of ONEOK from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, February 25th. Freedom Capital raised shares of ONEOK from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th. Scotiabank cut shares of ONEOK from a “sector outperform” rating to a “sector perform” rating and reduced their price target for the stock from $92.00 to $89.00 in a research report on Thursday, April 30th. Finally, Mizuho set a $89.00 target price on shares of ONEOK in a report on Monday, February 23rd. Eight research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $91.88.
ONEOK Stock Performance
Shares of NYSE OKE opened at $90.40 on Friday. The company has a quick ratio of 0.56, a current ratio of 0.71 and a debt-to-equity ratio of 1.37. The firm’s 50-day moving average price is $88.31 and its two-hundred day moving average price is $82.58. ONEOK, Inc. has a 52-week low of $64.02 and a 52-week high of $96.07. The stock has a market capitalization of $56.95 billion, a P/E ratio of 16.11, a P/E/G ratio of 6.77 and a beta of 0.74.
ONEOK (NYSE:OKE – Get Free Report) last issued its earnings results on Tuesday, April 28th. The utilities provider reported $1.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.07). ONEOK had a return on equity of 16.06% and a net margin of 10.03%.The business 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 business earned $1.04 EPS. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. As a group, sell-side analysts forecast that ONEOK, Inc. will post 5.72 earnings per share for the current year.
ONEOK Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 4th were issued a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend was Monday, May 4th. ONEOK’s payout ratio is 76.29%.
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.
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