Capital Analysts LLC Decreases Stake in ONEOK, Inc. $OKE

Capital Analysts LLC lowered its position in ONEOK, Inc. (NYSE:OKE) by 10.0% in the 2nd quarter, HoldingsChannel reports. The fund owned 47,339 shares of the utilities provider’s stock after selling 5,260 shares during the period. Capital Analysts LLC’s holdings in ONEOK were worth $4,116,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Pinnacle Wealth Management Advisory Group LLC increased its stake in shares of ONEOK by 4.0% in the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,447 shares of the utilities provider’s stock worth $300,000 after purchasing an additional 134 shares in the last quarter. Integrated Wealth Concepts LLC lifted its stake in shares of ONEOK by 28.3% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 40,270 shares of the utilities provider’s stock valued at $3,501,000 after buying an additional 8,893 shares in the last quarter. Baird Financial Group Inc. boosted its holdings in ONEOK by 12.6% in the 2nd quarter. Baird Financial Group Inc. now owns 40,220 shares of the utilities provider’s stock worth $3,497,000 after buying an additional 4,492 shares during the period. Allworth Financial LP boosted its holdings in ONEOK by 1.7% in the 2nd quarter. Allworth Financial LP now owns 133,142 shares of the utilities provider’s stock worth $11,575,000 after buying an additional 2,220 shares during the period. Finally, Arizona State Retirement System boosted its holdings in ONEOK by 1.4% in the 2nd quarter. Arizona State Retirement System now owns 174,821 shares of the utilities provider’s stock worth $15,199,000 after buying an additional 2,423 shares during the period. 69.13% of the stock is owned by hedge funds and other institutional investors.

ONEOK Stock Performance

ONEOK stock opened at $95.93 on Thursday. The firm’s 50 day simple moving average is $92.22 and its 200 day simple moving average is $89.34. The company has a current ratio of 0.74, a quick ratio of 0.59 and a debt-to-equity ratio of 1.34. The firm has a market capitalization of $60.47 billion, a PE ratio of 16.54, a price-to-earnings-growth ratio of 2.72 and a beta of 0.74. ONEOK, Inc. has a 1-year low of $64.02 and a 1-year high of $99.85.

ONEOK (NYSE:OKE) last posted its earnings results on Monday, August 3rd. The utilities provider reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.07. ONEOK had a net margin of 9.29% and a return on equity of 16.41%. The business had revenue of $12.05 billion for the quarter, compared to analysts’ expectations of $8.95 billion. During the same period in the prior year, the company posted $1.34 EPS. ONEOK has set its FY 2026 guidance at 5.680-5.680 EPS. As a group, analysts expect that ONEOK, Inc. will post 5.84 earnings per share for the current fiscal year.

ONEOK Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Monday, August 3rd were given a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date was Monday, August 3rd. ONEOK’s dividend payout ratio (DPR) is 73.79%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on OKE shares. Jefferies Financial Group boosted their target price on shares of ONEOK from $95.00 to $105.00 and gave the company a “hold” rating in a report on Wednesday, September 2nd. Freedom Capital raised ONEOK from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 5th. Truist Financial lifted their price target on ONEOK from $93.00 to $104.00 and gave the company a “hold” rating in a research report on Wednesday, September 2nd. Weiss Ratings upgraded ONEOK from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, August 31st. Finally, Citigroup increased their price objective on ONEOK from $97.00 to $108.00 and gave the stock a “buy” rating in a report on Thursday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $95.94.

About ONEOK

ONEOK, Inc (NYSE: OKE) is an energy infrastructure company that gathers, processes, stores and transports natural gas and natural gas liquids (NGLs). Its operations connect production areas with domestic and international markets through pipelines, processing facilities, fractionation plants, storage assets and export infrastructure.

The company’s services include natural gas gathering and processing, interstate and intrastate natural gas transportation and storage, and the gathering, fractionation, storage and transportation of NGLs such as ethane, propane, normal butane, isobutane and natural gasoline.