Reaves W H & Co. Inc. Has $33.94 Million Holdings in ONEOK, Inc. $OKE

Reaves W H & Co. Inc. lessened its position in ONEOK, Inc. (NYSE:OKE) by 21.0% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 461,740 shares of the utilities provider’s stock after selling 122,383 shares during the period. Reaves W H & Co. Inc.’s holdings in ONEOK were worth $33,938,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Thompson Siegel & Walmsley LLC grew its stake in ONEOK by 25.9% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 132,550 shares of the utilities provider’s stock valued at $9,742,000 after acquiring an additional 27,300 shares during the period. Waterloo Capital L.P. boosted its position in shares of ONEOK by 1.7% during the fourth quarter. Waterloo Capital L.P. now owns 31,501 shares of the utilities provider’s stock valued at $2,315,000 after buying an additional 529 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its position in shares of ONEOK by 3.3% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 221,727 shares of the utilities provider’s stock valued at $16,297,000 after buying an additional 7,122 shares during the last quarter. Verity & Verity LLC boosted its position in shares of ONEOK by 14.4% during the fourth quarter. Verity & Verity LLC now owns 306,071 shares of the utilities provider’s stock valued at $22,496,000 after buying an additional 38,637 shares during the last quarter. Finally, MUFG Securities EMEA plc boosted its position in shares of ONEOK by 114.4% during the fourth quarter. MUFG Securities EMEA plc now owns 25,847 shares of the utilities provider’s stock valued at $1,900,000 after buying an additional 13,793 shares during the last quarter. Institutional investors and hedge funds own 69.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on OKE shares. Raymond James Financial reaffirmed an “outperform” rating and set a $92.00 target price on shares of ONEOK in a research report on Thursday, April 30th. Royal Bank Of Canada lifted their target price on ONEOK from $79.00 to $84.00 and gave the company a “sector perform” rating in a research report on Thursday, March 19th. TD Cowen lifted their target price on ONEOK from $80.00 to $85.00 and gave the company a “hold” rating in a research report on Thursday, April 30th. Weiss Ratings raised ONEOK from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, May 18th. Finally, Citigroup lifted their target price on ONEOK from $95.00 to $97.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Eight 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, the stock has a consensus rating of “Hold” and an average target price of $91.88.

ONEOK Stock Performance

Shares of OKE opened at $84.05 on Monday. The firm has a market cap of $52.95 billion, a PE ratio of 14.98, a PEG ratio of 6.23 and a beta of 0.74. The stock’s fifty day moving average price is $88.85 and its two-hundred day moving average price is $81.35. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.71 and a quick ratio of 0.56. ONEOK, Inc. has a 1 year low of $64.02 and a 1 year high of $96.07.

ONEOK (NYSE:OKE) last released its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $1.23 earnings per share (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 company had revenue of $9.62 billion for the quarter, compared to the consensus estimate of $8.23 billion. During the same quarter in the previous year, the firm posted $1.04 earnings per share. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. On average, equities research analysts forecast that ONEOK, Inc. will post 5.76 EPS for the current year.

ONEOK Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Monday, May 4th were paid a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date was Monday, May 4th. ONEOK’s dividend payout ratio is currently 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.