TritonPoint Partners LLC Makes New $468,000 Investment in ONEOK, Inc. $OKE

TritonPoint Partners LLC acquired a new position in ONEOK, Inc. (NYSE:OKE) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 6,369 shares of the utilities provider’s stock, valued at approximately $468,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Legal & General Group Plc increased its holdings in shares of ONEOK by 1.6% during the third quarter. Legal & General Group Plc now owns 5,218,376 shares of the utilities provider’s stock valued at $380,785,000 after acquiring an additional 80,683 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in shares of ONEOK by 1.4% during the third quarter. Russell Investments Group Ltd. now owns 1,232,011 shares of the utilities provider’s stock valued at $89,910,000 after acquiring an additional 16,871 shares in the last quarter. WBI Investments LLC increased its holdings in shares of ONEOK by 221.5% during the third quarter. WBI Investments LLC now owns 35,768 shares of the utilities provider’s stock valued at $2,610,000 after acquiring an additional 24,643 shares in the last quarter. Aberdeen Group plc increased its holdings in shares of ONEOK by 46.0% during the fourth quarter. Aberdeen Group plc now owns 957,663 shares of the utilities provider’s stock valued at $70,388,000 after acquiring an additional 301,654 shares in the last quarter. Finally, Advisors Capital Management LLC increased its holdings in shares of ONEOK by 23.6% during the third quarter. Advisors Capital Management LLC now owns 759,241 shares of the utilities provider’s stock valued at $55,402,000 after acquiring an additional 145,060 shares in the last quarter. Institutional investors own 69.13% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on OKE. TD Cowen raised their price target on ONEOK from $80.00 to $85.00 and gave the company a “hold” rating in a report on Thursday, April 30th. Weiss Ratings upgraded ONEOK from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 18th. Mizuho set a $89.00 price target on ONEOK in a report on Monday, February 23rd. Freedom Capital raised ONEOK from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th. Finally, Royal Bank Of Canada increased their price objective on ONEOK from $79.00 to $84.00 and gave the company a “sector perform” rating in a research report on Thursday, March 19th. Eight equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, ONEOK presently has a consensus rating of “Hold” and a consensus price target of $91.88.

ONEOK Trading Down 0.2%

ONEOK stock opened at $90.40 on Monday. 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 one year low of $64.02 and a one year high of $96.07. The stock has a market capitalization of $56.95 billion, a PE ratio of 16.11, a price-to-earnings-growth ratio of 6.77 and a beta of 0.74. The business’s fifty day moving average is $88.31 and its 200 day moving average is $82.66.

ONEOK (NYSE:OKE) last released its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $1.23 EPS for the quarter, missing the consensus estimate of $1.30 by ($0.07). ONEOK had a net margin of 10.03% and a return on equity of 16.06%. The business had revenue of $9.62 billion for the quarter, compared to analysts’ expectations of $8.23 billion. During the same period last year, the business earned $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 EPS for the current year.

ONEOK Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Monday, May 4th were given a $1.07 dividend. This represents a $4.28 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend was Monday, May 4th. 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.