ONEOK, Inc. $OKE is Sprinkle Financial Consultants LLC’s 4th Largest Position

Sprinkle Financial Consultants LLC raised its position in shares of ONEOK, Inc. (NYSE:OKEFree Report) by 8.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 127,779 shares of the utilities provider’s stock after acquiring an additional 9,814 shares during the quarter. ONEOK makes up about 5.3% of Sprinkle Financial Consultants LLC’s holdings, making the stock its 4th largest holding. Sprinkle Financial Consultants LLC’s holdings in ONEOK were worth $11,550,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in OKE. Hoxton Planning & Management LLC boosted its stake in shares of ONEOK by 2.3% in the fourth quarter. Hoxton Planning & Management LLC now owns 5,372 shares of the utilities provider’s stock worth $395,000 after acquiring an additional 120 shares during the last quarter. Disciplined Investments LLC raised its stake in ONEOK by 0.6% in the 4th quarter. Disciplined Investments LLC now owns 21,577 shares of the utilities provider’s stock valued at $1,586,000 after purchasing an additional 125 shares during the last quarter. TCV Trust & Wealth Management Inc. lifted its holdings in ONEOK by 4.2% in the 4th quarter. TCV Trust & Wealth Management Inc. now owns 3,290 shares of the utilities provider’s stock valued at $242,000 after purchasing an additional 133 shares in the last quarter. Loomis Sayles & Co. L P lifted its holdings in ONEOK by 14.8% in the 4th quarter. Loomis Sayles & Co. L P now owns 1,034 shares of the utilities provider’s stock valued at $76,000 after purchasing an additional 133 shares in the last quarter. Finally, Empowered Funds LLC boosted its stake in ONEOK by 0.8% during the 1st 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. Hedge funds and other institutional investors own 69.13% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on OKE. Wolfe Research lowered shares of ONEOK from an “outperform” rating to a “peer perform” rating in a report on Wednesday, February 25th. Truist Financial raised their price target on shares of ONEOK from $91.00 to $93.00 and gave the stock a “hold” rating in a research note on Monday, May 4th. Scotiabank lowered shares of ONEOK from a “sector outperform” rating to a “sector perform” rating and lowered their price target for the stock from $92.00 to $89.00 in a research report on Thursday, April 30th. Morgan Stanley upped their price objective on shares of ONEOK from $104.00 to $113.00 and gave the company an “overweight” rating in a research note on Tuesday, April 7th. Finally, Royal Bank Of Canada increased their price objective 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. Eight equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $91.88.

Get Our Latest Stock Report on OKE

ONEOK Stock Up 0.0%

NYSE OKE opened at $85.06 on Monday. The business’s fifty day simple moving average is $88.05 and its 200-day simple moving average is $83.15. 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 has a market cap of $53.59 billion, a PE ratio of 15.16, a P/E/G ratio of 6.36 and a beta of 0.74. ONEOK, Inc. has a 52 week low of $64.02 and a 52 week high of $96.07.

ONEOK (NYSE:OKEGet Free Report) last announced its quarterly earnings data 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 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 analysts’ expectations of $8.23 billion. During the same period in the prior year, the company posted $1.04 EPS. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. As a group, equities analysts anticipate that ONEOK, Inc. will post 5.72 earnings per share for the current year.

ONEOK Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 4th were paid a $1.07 dividend. The ex-dividend date of this dividend was Monday, May 4th. This represents a $4.28 annualized dividend and a dividend yield of 5.0%. ONEOK’s dividend payout ratio is 76.29%.

ONEOK Company Profile

(Free Report)

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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Institutional Ownership by Quarter for ONEOK (NYSE:OKE)

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