SIR Capital Management L.P. trimmed its position in shares of ONEOK, Inc. (NYSE:OKE – Free Report) by 27.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 472,588 shares of the utilities provider’s stock after selling 182,385 shares during the period. ONEOK makes up 3.8% of SIR Capital Management L.P.’s portfolio, making the stock its 4th biggest holding. SIR Capital Management L.P.’s holdings in ONEOK were worth $34,735,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of OKE. Hoxton Planning & Management LLC lifted 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 valued at $395,000 after buying an additional 120 shares during the period. Disciplined Investments LLC lifted its stake in ONEOK by 0.6% during the fourth quarter. Disciplined Investments LLC now owns 21,577 shares of the utilities provider’s stock worth $1,586,000 after purchasing an additional 125 shares during the period. TCV Trust & Wealth Management Inc. lifted its stake in ONEOK by 4.2% during the fourth quarter. TCV Trust & Wealth Management Inc. now owns 3,290 shares of the utilities provider’s stock worth $242,000 after purchasing an additional 133 shares during the period. Loomis Sayles & Co. L P lifted its stake in ONEOK by 14.8% during the fourth quarter. Loomis Sayles & Co. L P now owns 1,034 shares of the utilities provider’s stock worth $76,000 after purchasing an additional 133 shares during the period. Finally, Empowered Funds LLC lifted its stake in 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 period. 69.13% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of research analysts have commented on OKE shares. TD Cowen raised their price target on shares of ONEOK from $80.00 to $85.00 and gave the stock a “hold” rating in a research note on Thursday, April 30th. Barclays raised their price target on shares of ONEOK from $82.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 30th. Wolfe Research cut shares of ONEOK from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, February 25th. Scotiabank cut shares of ONEOK from a “sector outperform” rating to a “sector perform” rating and cut their price target for the stock from $92.00 to $89.00 in a research note on Thursday, April 30th. Finally, Royal Bank Of Canada raised their price target on shares of ONEOK from $79.00 to $84.00 and gave the stock a “sector perform” rating in a research note on Thursday, March 19th. Eight investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, ONEOK currently has an average rating of “Hold” and a consensus price target of $91.88.
ONEOK Stock Performance
NYSE OKE opened at $90.40 on Friday. The firm has a market cap of $56.95 billion, a price-to-earnings ratio of 16.11, a PEG ratio of 6.67 and a beta of 0.74. The company has a 50 day moving average of $88.31 and a 200-day moving average of $82.58. The company has a current ratio of 0.71, a quick ratio of 0.56 and a debt-to-equity ratio of 1.37. ONEOK, Inc. has a 1-year low of $64.02 and a 1-year high of $96.07.
ONEOK (NYSE:OKE – Get Free Report) last posted its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $1.23 earnings per share for the quarter, missing the consensus estimate of $1.30 by ($0.07). The firm had revenue of $9.62 billion for the quarter, compared to analyst estimates of $8.23 billion. ONEOK had a return on equity of 16.06% and a net margin of 10.03%.During the same period in the previous year, the business posted $1.04 EPS. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. On average, equities analysts forecast that ONEOK, Inc. will post 5.72 earnings per share for the current fiscal year.
ONEOK Dividend Announcement
The company also recently disclosed 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. The ex-dividend date of this dividend was Monday, May 4th. This represents a $4.28 annualized dividend and a dividend yield of 4.7%. ONEOK’s dividend payout ratio (DPR) is presently 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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