Strs Ohio Sells 93,974 Shares of ONEOK, Inc. $OKE

Strs Ohio reduced its holdings in ONEOK, Inc. (NYSE:OKE) by 86.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 14,969 shares of the utilities provider’s stock after selling 93,974 shares during the period. Strs Ohio’s holdings in ONEOK were worth $1,100,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its stake in shares of ONEOK by 137.1% during the 4th quarter. Brighton Jones LLC now owns 15,278 shares of the utilities provider’s stock worth $1,534,000 after buying an additional 8,834 shares during the last quarter. Empowered Funds LLC increased its position in shares of ONEOK by 0.8% in the first quarter. Empowered Funds LLC now owns 17,957 shares of the utilities provider’s stock valued at $1,782,000 after acquiring an additional 137 shares during the last quarter. Acadian Asset Management LLC bought a new stake in ONEOK during the first quarter worth about $216,000. Federated Hermes Inc. raised its holdings in ONEOK by 14.0% during the second quarter. Federated Hermes Inc. now owns 3,120 shares of the utilities provider’s stock worth $255,000 after acquiring an additional 383 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its position in ONEOK by 3.9% during the second quarter. NewEdge Advisors LLC now owns 130,347 shares of the utilities provider’s stock valued at $10,640,000 after purchasing an additional 4,902 shares during the last quarter. 69.13% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Truist Financial raised their price target on ONEOK from $91.00 to $93.00 and gave the company a “hold” rating in a research note on Monday. Raymond James Financial reiterated an “outperform” rating and set a $92.00 price objective on shares of ONEOK in a research note on Thursday, April 30th. Wolfe Research downgraded ONEOK from an “outperform” rating to a “peer perform” rating in a report on Wednesday, February 25th. Wells Fargo & Company decreased their target price on shares of ONEOK from $100.00 to $98.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of ONEOK in a report on Monday. Seven equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, ONEOK has an average rating of “Hold” and a consensus price target of $91.19.

ONEOK Trading Down 4.8%

ONEOK stock opened at $85.70 on Thursday. The stock has a 50-day simple moving average of $87.13 and a 200 day simple moving average of $78.69. The stock has a market capitalization of $53.99 billion, a P/E ratio of 15.28, a PEG ratio of 6.38 and a beta of 0.78. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.56 and a current ratio of 0.71. ONEOK, Inc. has a 52 week low of $64.02 and a 52 week high of $95.30.

ONEOK (NYSE:OKE) last released its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $1.23 earnings per share (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 during the quarter, compared to the consensus estimate of $8.23 billion. During the same quarter in the prior year, the company earned $1.04 EPS. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. Analysts expect that ONEOK, Inc. will post 5.9 earnings per share for the current year.

ONEOK Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Monday, May 4th will be paid a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date is Monday, May 4th. ONEOK’s dividend payout ratio is 76.29%.

About ONEOK

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.