Mission Wealth Management LP Sells 8,472 Shares of ONEOK, Inc. $OKE

Mission Wealth Management LP lowered its stake in shares of ONEOK, Inc. (NYSE:OKE) by 49.6% during the fourth quarter, HoldingsChannel reports. The firm owned 8,620 shares of the utilities provider’s stock after selling 8,472 shares during the quarter. Mission Wealth Management LP’s holdings in ONEOK were worth $634,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. National Pension Service raised its stake in shares of ONEOK by 2.9% during the 3rd quarter. National Pension Service now owns 857,949 shares of the utilities provider’s stock worth $62,605,000 after purchasing an additional 24,003 shares in the last quarter. Hudson Edge Investment Partners Inc. increased its holdings in shares of ONEOK by 34.1% during the 3rd quarter. Hudson Edge Investment Partners Inc. now owns 87,667 shares of the utilities provider’s stock worth $6,397,000 after acquiring an additional 22,282 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of ONEOK by 1.6% during the 3rd quarter. Legal & General Group Plc now owns 5,218,376 shares of the utilities provider’s stock worth $380,785,000 after acquiring an additional 80,683 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in shares of ONEOK by 29.6% during the 3rd quarter. Jones Financial Companies Lllp now owns 534,285 shares of the utilities provider’s stock worth $39,401,000 after acquiring an additional 121,891 shares during the last quarter. Finally, Capital Management Corp VA increased its holdings in shares of ONEOK by 49.2% during the 3rd quarter. Capital Management Corp VA now owns 228,882 shares of the utilities provider’s stock worth $16,702,000 after acquiring an additional 75,450 shares during the last quarter. Institutional investors own 69.13% of the company’s stock.

ONEOK Stock Performance

Shares of NYSE OKE opened at $92.13 on Thursday. 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 stock’s fifty day moving average price is $88.22 and its two-hundred day moving average price is $80.20. ONEOK, Inc. has a one year low of $64.02 and a one year high of $96.07. The firm has a market cap of $58.04 billion, a price-to-earnings ratio of 16.42, a P/E/G ratio of 6.92 and a beta of 0.78.

ONEOK (NYSE:OKE) last issued 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). ONEOK had a net margin of 10.03% and a return on equity of 16.06%. The firm had revenue of $9.62 billion during the quarter, compared to analyst estimates of $8.23 billion. During the same period in the prior year, the company earned $1.04 earnings per share. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. On average, equities analysts forecast that ONEOK, Inc. will post 5.76 EPS for the current year.

ONEOK Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Monday, May 4th were issued a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend was Monday, May 4th. ONEOK’s dividend payout ratio is currently 76.29%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Wolfe Research lowered ONEOK from an “outperform” rating to a “peer perform” rating in a report on Wednesday, February 25th. Scotiabank lowered ONEOK from a “sector outperform” rating to a “sector perform” rating and decreased their target price for the stock from $92.00 to $89.00 in a report on Thursday, April 30th. Citigroup boosted their target price on ONEOK from $95.00 to $97.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Wall Street Zen lowered ONEOK from a “hold” rating to a “sell” rating in a report on Monday. Finally, Barclays boosted their target price on ONEOK from $82.00 to $90.00 and gave the stock an “equal weight” rating in a report on Thursday, April 30th. Eight equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat, ONEOK currently has an average rating of “Hold” and an average price target of $91.88.

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.