ONEOK, Inc. $OKE Position Cut by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans trimmed its holdings in ONEOK, Inc. (NYSE:OKE) by 14.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,444 shares of the utilities provider’s stock after selling 11,142 shares during the quarter. Thrivent Financial for Lutherans’ holdings in ONEOK were worth $4,890,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in OKE. First Eagle Investment Management LLC grew its holdings in 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 buying an additional 3,596,089 shares in the last quarter. Danske Bank A S grew its holdings in ONEOK by 3,538.4% in the 4th quarter. Danske Bank A S now owns 1,691,433 shares of the utilities provider’s stock worth $124,320,000 after buying an additional 1,644,945 shares in the last quarter. Man Group plc grew its holdings in ONEOK by 292.1% in the 2nd quarter. Man Group plc now owns 1,558,993 shares of the utilities provider’s stock worth $127,261,000 after buying an additional 1,161,352 shares in the last quarter. Swiss Life Asset Management Ltd grew its holdings in ONEOK by 219.5% in the 4th quarter. Swiss Life Asset Management Ltd now owns 1,522,404 shares of the utilities provider’s stock worth $111,897,000 after buying an additional 1,045,976 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in ONEOK by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 77,222,590 shares of the utilities provider’s stock worth $5,634,932,000 after buying an additional 711,619 shares in the last quarter. 69.13% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on OKE shares. Morgan Stanley increased their price target on ONEOK from $104.00 to $113.00 and gave the company an “overweight” rating in a research note on Tuesday, April 7th. TD Cowen increased their price target on ONEOK from $80.00 to $85.00 and gave the company a “hold” rating in a research note on Thursday, April 30th. Wall Street Zen lowered ONEOK from a “hold” rating to a “sell” rating in a research note on Monday. Jefferies Financial Group increased their price target on ONEOK from $98.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, April 8th. Finally, Wells Fargo & Company decreased their price target on ONEOK from $100.00 to $98.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. Eight research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, ONEOK has an average rating of “Hold” and an average target price of $91.88.

ONEOK Price Performance

Shares of NYSE:OKE opened at $92.77 on Friday. The stock has a fifty day moving average of $88.38 and a 200-day moving average of $80.38. The company has a market capitalization of $58.45 billion, a PE ratio of 16.54, a price-to-earnings-growth ratio of 6.70 and a beta of 0.78. ONEOK, Inc. has a one year low of $64.02 and a one year high of $96.07. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.56 and a current ratio of 0.71.

ONEOK (NYSE:OKE) last issued its earnings results on Tuesday, April 28th. The utilities provider reported $1.23 EPS for the quarter, missing the consensus estimate of $1.30 by ($0.07). The business had revenue of $9.62 billion during the quarter, compared to analyst estimates of $8.23 billion. ONEOK had a return on equity of 16.06% and a net margin of 10.03%.During the same period last year, the business earned $1.04 EPS. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. As a group, equities analysts anticipate that ONEOK, Inc. will post 5.76 EPS for the current fiscal year.

ONEOK Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 4th were given a $1.07 dividend. This represents a $4.28 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend was Monday, May 4th. ONEOK’s dividend payout ratio (DPR) is 76.29%.

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.