Chicago Partners Investment Group LLC Sells 5,897 Shares of ONEOK, Inc. $OKE

Chicago Partners Investment Group LLC trimmed its stake in shares of ONEOK, Inc. (NYSE:OKE) by 2.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 261,638 shares of the utilities provider’s stock after selling 5,897 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in ONEOK were worth $20,408,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. City Holding Co. acquired a new position in ONEOK during the 3rd quarter worth approximately $28,000. Winnow Wealth LLC acquired a new position in ONEOK during the 3rd quarter worth approximately $28,000. Financial Consulate Inc. acquired a new position in ONEOK during the 3rd quarter worth approximately $29,000. SRH Advisors LLC increased its position in ONEOK by 122.3% during the 4th quarter. SRH Advisors LLC now owns 438 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 241 shares in the last quarter. Finally, AXS Investments LLC acquired a new position in ONEOK during the 3rd quarter worth approximately $35,000. 69.13% of the stock is currently owned by institutional investors and hedge funds.

ONEOK Price Performance

OKE stock opened at $87.29 on Friday. The company has a fifty day moving average price of $86.80 and a 200-day moving average price of $77.67. The company has a market capitalization of $54.99 billion, a P/E ratio of 16.10, a PEG ratio of 6.38 and a beta of 0.84. ONEOK, Inc. has a 52-week low of $64.02 and a 52-week high of $95.30. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.56 and a current ratio of 0.71.

ONEOK (NYSE:OKE) last released its quarterly earnings results on Monday, February 23rd. The utilities provider reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.50 by $0.05. The firm had revenue of $9.07 billion during the quarter, compared to the consensus estimate of $8.77 billion. ONEOK had a net margin of 10.09% and a return on equity of 15.29%. During the same quarter last year, the firm earned $1.57 earnings per share. ONEOK has set its FY 2026 guidance at 5.040-5.870 EPS. As a group, equities analysts expect that ONEOK, Inc. will post 5.64 EPS for the current year.

ONEOK Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Monday, May 4th will be given a dividend of $1.07 per share. The ex-dividend date is Monday, May 4th. This represents a $4.28 annualized dividend and a dividend yield of 4.9%. ONEOK’s dividend payout ratio is 78.97%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on OKE. Mizuho set a $89.00 price objective on shares of ONEOK in a research report on Monday, February 23rd. Scotiabank reiterated an “outperform” rating on shares of ONEOK in a research report on Monday, April 13th. Barclays upped their price objective on shares of ONEOK from $76.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 5th. Morgan Stanley upped their price objective on shares of ONEOK from $104.00 to $113.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 7th. Finally, JPMorgan Chase & Co. cut shares of ONEOK from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $87.00 to $83.00 in a research report on Tuesday, January 27th. Nine analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, ONEOK presently has a consensus rating of “Moderate Buy” and an average price target of $89.69.

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.