OneAscent Financial Services LLC Buys Shares of 6,084 ONEOK, Inc. $OKE

OneAscent Financial Services LLC bought a new position in ONEOK, Inc. (NYSE:OKE) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 6,084 shares of the utilities provider’s stock, valued at approximately $529,000.

Several other hedge funds have also modified their holdings of the company. Zions Bancorporation National Association UT grew its position in shares of ONEOK by 73.3% in the 4th quarter. Zions Bancorporation National Association UT now owns 338 shares of the utilities provider’s stock worth $25,000 after buying an additional 143 shares during the last quarter. Portus Wealth Advisors LLC purchased a new stake in ONEOK during the first quarter valued at approximately $33,000. Elyxium Wealth LLC acquired a new stake in ONEOK in the fourth quarter valued at approximately $29,000. Wilkerson Advisory Group LLC boosted its stake in ONEOK by 51.4% in the first quarter. Wilkerson Advisory Group LLC now owns 392 shares of the utilities provider’s stock valued at $35,000 after acquiring an additional 133 shares in the last quarter. Finally, Cornerstone Financial Management LLC purchased a new position in ONEOK in the fourth quarter worth $29,000. 69.13% of the stock is owned by hedge funds and other institutional investors.

ONEOK Stock Performance

Shares of OKE opened at $94.69 on Friday. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.59 and a current ratio of 0.74. The stock has a 50-day moving average of $90.03 and a two-hundred day moving average of $88.16. The stock has a market cap of $59.69 billion, a P/E ratio of 16.33, a P/E/G ratio of 2.69 and a beta of 0.73. ONEOK, Inc. has a one year low of $64.02 and a one year high of $97.90.

ONEOK (NYSE:OKE) last announced its quarterly earnings data on Monday, August 3rd. The utilities provider reported $1.53 EPS for the quarter, beating the consensus estimate of $1.46 by $0.07. The business had revenue of $12.05 billion during the quarter, compared to analysts’ expectations of $8.95 billion. ONEOK had a net margin of 9.29% and a return on equity of 16.41%. During the same period in the previous year, the business posted $1.34 EPS. ONEOK has set its FY 2026 guidance at 5.680-5.680 EPS. As a group, research analysts predict that ONEOK, Inc. will post 5.82 EPS for the current year.

ONEOK Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Monday, August 3rd were issued a $1.07 dividend. This represents a $4.28 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend was Monday, August 3rd. ONEOK’s payout ratio is 73.79%.

Analyst Ratings Changes

OKE has been the subject of several analyst reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of ONEOK in a report on Thursday, August 13th. Wells Fargo & Company dropped their target price on ONEOK from $100.00 to $98.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Barclays reduced their target price on ONEOK from $90.00 to $88.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 8th. Citigroup raised their price target on ONEOK from $95.00 to $97.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Finally, Royal Bank Of Canada upped their price objective on shares of ONEOK from $84.00 to $90.00 and gave the company a “sector perform” rating in a report on Tuesday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $91.94.

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.