Forum Financial Management LP Cuts Stock Holdings in ONEOK, Inc. $OKE

Posted by George Bondi on Jun 30th, 2026

Forum Financial Management LP lowered its stake in shares of ONEOK, Inc. (NYSE:OKE – Free Report) by 5.1% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 146,703 shares of the utilities provider’s stock after selling 7,861 shares during the quarter. ONEOK accounts for 0.2% of Forum Financial Management LP’s portfolio, making the stock its 29th biggest position. Forum Financial Management LP’s holdings in ONEOK were worth $13,261,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Capital International Investors bought a new position in ONEOK during the 4th quarter valued at $586,500,000. Norges Bank bought a new stake in shares of ONEOK in the 4th quarter worth $564,867,000. First Eagle Investment Management LLC grew its stake in shares of ONEOK by 46.3% in the 4th quarter. First Eagle Investment Management LLC now owns 11,365,304 shares of the utilities provider’s stock worth $835,350,000 after acquiring an additional 3,596,089 shares in the last quarter. Danske Bank A S raised its holdings in shares of ONEOK by 3,538.4% in the fourth quarter. Danske Bank A S now owns 1,691,433 shares of the utilities provider’s stock valued at $124,320,000 after purchasing an additional 1,644,945 shares during the last quarter. Finally, Man Group plc lifted its position in shares of ONEOK by 292.1% during the second quarter. Man Group plc now owns 1,558,993 shares of the utilities provider’s stock valued at $127,261,000 after purchasing an additional 1,161,352 shares in the last quarter. 69.13% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on OKE shares. Truist Financial boosted their price target on shares of ONEOK from $91.00 to $93.00 and gave the stock a “hold” rating in a report on Monday, May 4th. Wall Street Zen upgraded shares of ONEOK from a “sell” rating to a “hold” rating in a research note on Tuesday, May 26th. Wells Fargo & Company dropped their target price on shares of ONEOK from $100.00 to $98.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Scotiabank downgraded ONEOK from a “sector outperform” rating to a “sector perform” rating and cut their target price for the stock from $92.00 to $89.00 in a research note on Thursday, April 30th. Finally, Freedom Capital raised ONEOK from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 5th. Eight analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $91.88.

Check Out Our Latest Research Report on OKE

ONEOK Price Performance

Shares of NYSE:OKE opened at $88.80 on Tuesday. The company’s 50-day moving average is $88.39 and its 200 day moving average is $83.70. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.56 and a current ratio of 0.71. The company has a market capitalization of $55.96 billion, a P/E ratio of 15.83, a price-to-earnings-growth ratio of 6.67 and a beta of 0.74. ONEOK, Inc. has a fifty-two week low of $64.02 and a fifty-two week 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 (EPS) for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.07). The company had revenue of $9.62 billion for the quarter, compared to analysts’ expectations of $8.23 billion. ONEOK had a return on equity of 16.06% and a net margin of 10.03%.During the same quarter last year, the business posted $1.04 EPS. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. On average, equities research analysts forecast that ONEOK, Inc. will post 5.72 earnings per share for the current year.

ONEOK Announces Dividend

The business 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. This represents a $4.28 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend was Monday, May 4th. ONEOK’s dividend payout ratio is currently 76.29%.

ONEOK 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.