ONEOK, Inc. $OKE is Heronetta Management L.P.’s 5th Largest Position

Heronetta Management L.P. decreased its holdings in ONEOK, Inc. (NYSE:OKE) by 9.2% in the 4th quarter, HoldingsChannel reports. The fund owned 141,402 shares of the utilities provider’s stock after selling 14,400 shares during the quarter. ONEOK comprises about 6.9% of Heronetta Management L.P.’s investment portfolio, making the stock its 5th biggest holding. Heronetta Management L.P.’s holdings in ONEOK were worth $10,393,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of OKE. National Pension Service grew its holdings in ONEOK by 2.9% in the third quarter. National Pension Service now owns 857,949 shares of the utilities provider’s stock valued at $62,605,000 after purchasing an additional 24,003 shares during the last quarter. Hudson Edge Investment Partners Inc. grew its holdings in ONEOK by 34.1% in the third quarter. Hudson Edge Investment Partners Inc. now owns 87,667 shares of the utilities provider’s stock valued at $6,397,000 after purchasing an additional 22,282 shares during the last quarter. Nordea Investment Management AB grew its holdings in ONEOK by 7.5% in the third quarter. Nordea Investment Management AB now owns 777,262 shares of the utilities provider’s stock valued at $55,885,000 after purchasing an additional 54,444 shares during the last quarter. Legal & General Group Plc grew its holdings in ONEOK by 1.6% in the third quarter. Legal & General Group Plc now owns 5,218,376 shares of the utilities provider’s stock valued at $380,785,000 after purchasing an additional 80,683 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its holdings in ONEOK by 29.6% in the third quarter. Jones Financial Companies Lllp now owns 534,285 shares of the utilities provider’s stock valued at $39,401,000 after purchasing an additional 121,891 shares during the last quarter. Hedge funds and other institutional investors own 69.13% of the company’s stock.

ONEOK Trading Up 3.1%

ONEOK stock opened at $87.79 on Tuesday. The stock has a market cap of $55.31 billion, a PE ratio of 15.65, a P/E/G ratio of 6.04 and a beta of 0.78. The stock has a 50-day moving average price of $87.32 and a 200 day moving average price of $79.06. ONEOK, Inc. has a 52 week low of $64.02 and a 52 week high of $95.30. 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 (NYSE:OKE) last posted its quarterly earnings data 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 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 in the prior year, the business posted $1.04 EPS. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. Equities research analysts predict that ONEOK, Inc. will post 5.9 earnings per share for the current fiscal year.

ONEOK Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Monday, May 4th will be issued a $1.07 dividend. The ex-dividend date is Monday, May 4th. This represents a $4.28 annualized dividend and a yield of 4.9%. ONEOK’s payout ratio is 76.29%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on OKE. Raymond James Financial reissued an “outperform” rating and issued a $92.00 target price on shares of ONEOK in a report on Thursday, April 30th. Weiss Ratings restated a “hold (c+)” rating on shares of ONEOK in a research report on Monday, May 4th. Scotiabank downgraded ONEOK from a “sector outperform” rating to a “sector perform” rating and cut their price objective for the stock from $92.00 to $89.00 in a research report on Thursday, April 30th. Freedom Capital upgraded ONEOK from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th. Finally, UBS Group cut their price objective on ONEOK from $114.00 to $103.00 and set a “buy” rating for the company in a research report on Thursday, January 22nd. Seven investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $91.88.

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.