Commerzbank Aktiengesellschaft FI lessened its holdings in shares of ONEOK, Inc. (NYSE:OKE – Free Report) by 15.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 67,686 shares of the utilities provider’s stock after selling 12,394 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in ONEOK were worth $6,118,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the business. Zions Bancorporation National Association UT boosted its position in shares of ONEOK by 73.3% during the 4th quarter. Zions Bancorporation National Association UT now owns 338 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 143 shares in the last quarter. Elyxium Wealth LLC purchased a new position in shares of ONEOK in the 4th quarter valued at about $29,000. Cornerstone Financial Management LLC purchased a new position in shares of ONEOK in the 4th quarter valued at about $29,000. SRH Advisors LLC lifted its stake in shares of ONEOK by 122.3% in the fourth quarter. SRH Advisors LLC now owns 438 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 241 shares during the period. Finally, Portus Wealth Advisors LLC purchased a new stake in ONEOK during the first quarter worth about $33,000. Hedge funds and other institutional investors own 69.13% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on OKE shares. Freedom Capital upgraded shares of ONEOK from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th. Truist Financial upped their price target on ONEOK from $91.00 to $93.00 and gave the stock a “hold” rating in a report on Monday, May 4th. Wall Street Zen raised ONEOK from a “sell” rating to a “hold” rating in a research note on Tuesday, May 26th. Morgan Stanley lifted their price objective on ONEOK from $104.00 to $113.00 and gave the stock an “overweight” rating in a report on Tuesday, April 7th. Finally, JPMorgan Chase & Co. upped their target price on ONEOK from $91.00 to $92.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Eight research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, ONEOK presently has an average rating of “Hold” and a consensus target price of $92.06.
ONEOK Trading Up 0.1%
Shares of ONEOK stock opened at $93.63 on Tuesday. ONEOK, Inc. has a 1 year low of $64.02 and a 1 year high of $96.07. 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 business has a 50 day moving average price of $89.29 and a 200 day moving average price of $85.52. The company has a market capitalization of $59.00 billion, a P/E ratio of 16.69, a P/E/G ratio of 6.99 and a beta of 0.73.
ONEOK (NYSE:OKE – Get Free Report) last announced its earnings results on Tuesday, April 28th. The utilities provider reported $1.23 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 analyst estimates 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 company posted $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 EPS for the current fiscal year.
ONEOK Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Monday, August 3rd will be paid a dividend of $1.07 per share. The ex-dividend date of this dividend is Monday, August 3rd. This represents a $4.28 dividend on an annualized basis and a dividend yield of 4.6%. ONEOK’s dividend payout ratio (DPR) is presently 76.29%.
ONEOK Company Profile
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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