Mesirow Financial Investment Management Inc. Has $2.75 Million Holdings in ONEOK, Inc. $OKE

Mesirow Financial Investment Management Inc. decreased its position in shares of ONEOK, Inc. (NYSE:OKE) by 26.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 37,424 shares of the utilities provider’s stock after selling 13,638 shares during the quarter. Mesirow Financial Investment Management Inc.’s holdings in ONEOK were worth $2,751,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. TCV Trust & Wealth Management Inc. boosted its position in ONEOK by 4.2% during the fourth quarter. TCV Trust & Wealth Management Inc. now owns 3,290 shares of the utilities provider’s stock valued at $242,000 after acquiring an additional 133 shares during the last quarter. Empowered Funds LLC lifted its stake in shares of ONEOK by 0.8% in the 1st quarter. Empowered Funds LLC now owns 17,957 shares of the utilities provider’s stock valued at $1,782,000 after purchasing an additional 137 shares during the period. Fourpath Capital Management LLC boosted its position in shares of ONEOK by 1.6% during the 4th quarter. Fourpath Capital Management LLC now owns 8,628 shares of the utilities provider’s stock valued at $634,000 after purchasing an additional 140 shares in the last quarter. JFS Wealth Advisors LLC boosted its position in shares of ONEOK by 8.4% during the 4th quarter. JFS Wealth Advisors LLC now owns 1,864 shares of the utilities provider’s stock valued at $137,000 after purchasing an additional 144 shares in the last quarter. Finally, Avion Wealth grew its stake in ONEOK by 20.3% during the fourth quarter. Avion Wealth now owns 882 shares of the utilities provider’s stock worth $64,000 after purchasing an additional 149 shares during the period. 69.13% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Wolfe Research downgraded ONEOK from an “outperform” rating to a “peer perform” rating in a report on Wednesday, February 25th. Jefferies Financial Group lifted their price objective on shares of ONEOK from $98.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, April 8th. Citigroup increased their target price on shares of ONEOK from $95.00 to $97.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. JPMorgan Chase & Co. raised their price target on shares of ONEOK from $91.00 to $92.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Finally, Scotiabank lowered shares of ONEOK from a “sector outperform” rating to a “sector perform” rating and dropped their price objective for the company from $92.00 to $89.00 in a report on Thursday, April 30th. Seven research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, ONEOK presently has an average rating of “Hold” and an average price target of $91.88.

ONEOK Stock Performance

NYSE OKE opened at $90.97 on Friday. The company has a market cap of $57.31 billion, a P/E ratio of 16.22, a PEG ratio of 6.48 and a beta of 0.78. The company has a fifty day simple moving average of $87.62 and a 200 day simple moving average of $79.49. 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, Inc. has a 12-month low of $64.02 and a 12-month high of $95.30.

ONEOK (NYSE:OKE) last released its quarterly earnings data 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 business had revenue of $9.62 billion during the quarter, compared to the consensus estimate of $8.23 billion. ONEOK had a net margin of 10.03% and a return on equity of 16.06%. During the same period last year, the business posted $1.04 earnings per share. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. Sell-side analysts predict that ONEOK, Inc. will post 5.73 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. Investors of record on Monday, May 4th will be given a $1.07 dividend. The ex-dividend date of this dividend is Monday, May 4th. This represents a $4.28 annualized dividend and a yield of 4.7%. ONEOK’s dividend payout ratio (DPR) is presently 76.29%.

ONEOK 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.