Columbus Macro LLC grew its holdings in shares of ONEOK, Inc. (NYSE:OKE – Free Report) by 4.1% in the 1st quarter, Holdings Channel.com reports. The firm owned 198,104 shares of the utilities provider’s stock after purchasing an additional 7,794 shares during the quarter. ONEOK makes up approximately 1.9% of Columbus Macro LLC’s investment portfolio, making the stock its 4th largest position. Columbus Macro LLC’s holdings in ONEOK were worth $17,907,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also recently made changes to their positions in the company. Zions Bancorporation National Association UT increased its holdings in 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 buying an additional 143 shares during the last quarter. Elyxium Wealth LLC bought a new position in ONEOK in the fourth quarter worth approximately $29,000. Cornerstone Financial Management LLC purchased a new position in shares of ONEOK during the 4th quarter worth $29,000. SRH Advisors LLC boosted its stake in shares of ONEOK by 122.3% during the 4th quarter. SRH Advisors LLC now owns 438 shares of the utilities provider’s stock worth $32,000 after acquiring an additional 241 shares during the last quarter. Finally, Accredited Wealth Management LLC grew its position in shares of ONEOK by 342.5% during the 3rd quarter. Accredited Wealth Management LLC now owns 500 shares of the utilities provider’s stock valued at $36,000 after acquiring an additional 387 shares during the period. Institutional investors own 69.13% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on OKE shares. Raymond James Financial restated an “outperform” rating and issued a $92.00 price objective on shares of ONEOK in a research note on Thursday, April 30th. Weiss Ratings raised ONEOK from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 18th. Wall Street Zen upgraded ONEOK from a “sell” rating to a “hold” rating in a research report on Tuesday, May 26th. TD Cowen raised their price objective on ONEOK from $80.00 to $85.00 and gave the stock a “hold” rating in a research note on Thursday, April 30th. Finally, Royal Bank Of Canada lifted their price objective on ONEOK from $79.00 to $84.00 and gave the company a “sector perform” rating in a research 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 company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $91.88.
ONEOK Stock Up 2.4%
Shares of OKE stock opened at $89.40 on Friday. The company has a market capitalization of $56.34 billion, a price-to-earnings ratio of 15.94, a PEG ratio of 6.53 and a beta of 0.74. ONEOK, Inc. has a one year low of $64.02 and a one year high of $96.07. The company’s fifty day moving average price is $88.22 and its 200-day moving average price is $83.51. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.71 and a quick ratio of 0.56.
ONEOK (NYSE:OKE – Get Free Report) last released its earnings results on Tuesday, April 28th. The utilities provider reported $1.23 earnings per share for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.07). The firm had revenue of $9.62 billion for the quarter, compared to analysts’ expectations of $8.23 billion. ONEOK had a net margin of 10.03% and a return on equity of 16.06%. During the same quarter last year, the firm posted $1.04 EPS. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. Sell-side analysts expect that ONEOK, Inc. will post 5.72 EPS for the current fiscal year.
ONEOK Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 4th were given a $1.07 dividend. This represents a $4.28 annualized dividend and a dividend yield of 4.8%. The ex-dividend date was Monday, May 4th. 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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