SG Trading Solutions LLC bought a new stake in ONEOK, Inc. (NYSE:OKE – Free Report) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 6,776 shares of the utilities provider’s stock, valued at approximately $498,000.
Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of ONEOK by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 77,603,334 shares of the utilities provider’s stock worth $5,703,845,000 after purchasing an additional 380,744 shares in the last quarter. State Street Corp boosted its position in ONEOK by 1.7% in the fourth quarter. State Street Corp now owns 38,450,591 shares of the utilities provider’s stock valued at $2,826,118,000 after buying an additional 648,647 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in ONEOK by 2.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 22,634,512 shares of the utilities provider’s stock worth $1,663,637,000 after buying an additional 599,248 shares during the last quarter. Geode Capital Management LLC grew its stake in ONEOK by 3.2% during the fourth quarter. Geode Capital Management LLC now owns 16,596,172 shares of the utilities provider’s stock worth $1,215,107,000 after buying an additional 518,746 shares during the last quarter. Finally, First Eagle Investment Management LLC increased its holdings in shares of ONEOK by 46.3% during the fourth quarter. First Eagle Investment Management LLC now owns 11,365,304 shares of the utilities provider’s stock worth $835,350,000 after buying an additional 3,596,089 shares in the last quarter. Institutional investors own 69.13% of the company’s stock.
Analyst Ratings Changes
A number of research firms have recently issued reports on OKE. Citigroup lifted their target price on shares of ONEOK from $95.00 to $97.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Wells Fargo & Company cut their price objective on ONEOK from $100.00 to $98.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Wolfe Research lowered ONEOK from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, February 25th. Barclays increased their target price on ONEOK from $82.00 to $90.00 and gave the stock an “equal weight” rating in a report on Thursday, April 30th. Finally, JPMorgan Chase & Co. raised their target price on ONEOK from $91.00 to $92.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Eight 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, the stock presently has an average rating of “Hold” and a consensus target price of $91.88.
ONEOK Price Performance
OKE opened at $85.06 on Friday. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.71 and a quick ratio of 0.56. The stock has a market capitalization of $53.59 billion, a P/E ratio of 15.16, a price-to-earnings-growth ratio of 6.36 and a beta of 0.74. The company’s 50 day simple moving average is $88.05 and its 200-day simple moving average is $83.08. ONEOK, Inc. has a one year low of $64.02 and a one 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). ONEOK had a return on equity of 16.06% and a net margin of 10.03%.The company had revenue of $9.62 billion during the quarter, compared to the consensus estimate of $8.23 billion. During the same quarter last year, the firm earned $1.04 EPS. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. Sell-side analysts anticipate that ONEOK, Inc. will post 5.72 earnings per share for the current fiscal year.
ONEOK Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 4th were given a dividend of $1.07 per share. The ex-dividend date was Monday, May 4th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 5.0%. ONEOK’s payout ratio 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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