Natixis Advisors LLC Trims Holdings in ONEOK, Inc. $OKE

Natixis Advisors LLC trimmed its holdings in shares of ONEOK, Inc. (NYSE:OKE) by 5.2% in the 4th quarter, Holdings Channel reports. The firm owned 329,689 shares of the utilities provider’s stock after selling 18,225 shares during the quarter. Natixis Advisors LLC’s holdings in ONEOK were worth $24,232,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Heritage Trust Co lifted its holdings in ONEOK by 2.4% during the 4th quarter. Heritage Trust Co now owns 62,506 shares of the utilities provider’s stock valued at $4,594,000 after buying an additional 1,456 shares in the last quarter. One Capital Management LLC grew its stake in ONEOK by 122.7% in the 4th quarter. One Capital Management LLC now owns 12,959 shares of the utilities provider’s stock worth $952,000 after acquiring an additional 7,141 shares in the last quarter. New Mexico Educational Retirement Board grew its stake in ONEOK by 2.8% in the 4th quarter. New Mexico Educational Retirement Board now owns 29,010 shares of the utilities provider’s stock worth $2,132,000 after acquiring an additional 800 shares in the last quarter. SCS Capital Management LLC increased its position in shares of ONEOK by 4.0% during the fourth quarter. SCS Capital Management LLC now owns 13,670 shares of the utilities provider’s stock worth $1,005,000 after acquiring an additional 532 shares during the period. Finally, Thompson Siegel & Walmsley LLC increased its position in shares of ONEOK by 25.9% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 132,550 shares of the utilities provider’s stock worth $9,742,000 after acquiring an additional 27,300 shares during the period. 69.13% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Raymond James Financial reiterated an “outperform” rating and issued a $92.00 price target on shares of ONEOK in a report on Thursday, April 30th. Wall Street Zen upgraded ONEOK from a “sell” rating to a “hold” rating in a report on Tuesday, May 26th. 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. Morgan Stanley upped their target price on ONEOK from $104.00 to $113.00 and gave the stock an “overweight” rating in a report on Tuesday, April 7th. Finally, Wolfe Research downgraded ONEOK from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, February 25th. Eight analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, ONEOK presently has a consensus rating of “Hold” and a consensus target price of $91.88.

ONEOK Stock Performance

Shares of NYSE:OKE opened at $88.90 on Friday. The firm has a 50 day moving average of $88.63 and a 200 day moving average of $81.84. The company has a quick ratio of 0.56, a current ratio of 0.71 and a debt-to-equity ratio of 1.37. The company has a market capitalization of $56.01 billion, a price-to-earnings ratio of 15.85, a price-to-earnings-growth ratio of 6.49 and a beta of 0.74. ONEOK, Inc. has a 52 week low of $64.02 and a 52 week high of $96.07.

ONEOK (NYSE:OKE) last announced its quarterly earnings results 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). The company had revenue of $9.62 billion during the quarter, compared to analysts’ expectations of $8.23 billion. ONEOK had a net margin of 10.03% and a return on equity of 16.06%. During the same quarter in the prior year, the business posted $1.04 earnings per share. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. On average, sell-side analysts predict that ONEOK, Inc. will post 5.72 earnings per share for the current fiscal year.

ONEOK Announces Dividend

The business 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 annualized dividend and a yield of 4.8%. The ex-dividend date was Monday, May 4th. ONEOK’s payout ratio is 76.29%.

ONEOK Company 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.