Glenview Trust Co Has $1.93 Million Stake in ONEOK, Inc. $OKE

Glenview Trust Co trimmed its holdings in shares of ONEOK, Inc. (NYSE:OKE) by 20.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,314 shares of the utilities provider’s stock after selling 6,623 shares during the quarter. Glenview Trust Co’s holdings in ONEOK were worth $1,934,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of OKE. First Eagle Investment Management LLC increased its position in ONEOK by 46.3% during the fourth quarter. First Eagle Investment Management LLC now owns 11,365,304 shares of the utilities provider’s stock worth $835,350,000 after buying an additional 3,596,089 shares during the last quarter. Danske Bank A S increased its position in ONEOK by 3,538.4% during the fourth quarter. Danske Bank A S now owns 1,691,433 shares of the utilities provider’s stock worth $124,320,000 after buying an additional 1,644,945 shares during the last quarter. Man Group plc increased its position in ONEOK by 292.1% during the second quarter. Man Group plc now owns 1,558,993 shares of the utilities provider’s stock worth $127,261,000 after buying an additional 1,161,352 shares during the last quarter. Swiss Life Asset Management Ltd increased its position in ONEOK by 219.5% during the fourth quarter. Swiss Life Asset Management Ltd now owns 1,522,404 shares of the utilities provider’s stock worth $111,897,000 after buying an additional 1,045,976 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in ONEOK by 0.9% during the third quarter. Vanguard Group Inc. now owns 77,222,590 shares of the utilities provider’s stock worth $5,634,932,000 after buying an additional 711,619 shares during the last quarter. 69.13% of the stock is owned by institutional investors and hedge funds.

ONEOK Stock Down 0.1%

OKE stock opened at $93.98 on Tuesday. 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 52-week low of $64.02 and a 52-week high of $96.07. The company has a 50-day moving average of $88.72 and a two-hundred day moving average of $80.79. The stock has a market capitalization of $59.21 billion, a price-to-earnings ratio of 16.75, a price-to-earnings-growth ratio of 6.84 and a beta of 0.78.

ONEOK (NYSE:OKE) last released its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $1.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.07). ONEOK had a net margin of 10.03% and a return on equity of 16.06%. The firm had revenue of $9.62 billion for the quarter, compared to the consensus estimate of $8.23 billion. During the same quarter last year, the company earned $1.04 earnings per share. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. As a group, equities research analysts anticipate that ONEOK, Inc. will post 5.76 EPS for the current year.

ONEOK Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 4th were paid a $1.07 dividend. This represents a $4.28 annualized dividend and a dividend yield of 4.6%. The ex-dividend date was Monday, May 4th. ONEOK’s dividend payout ratio (DPR) is presently 76.29%.

Wall Street Analyst Weigh In

Several research firms have commented on OKE. JPMorgan Chase & Co. increased their target price on shares of ONEOK from $91.00 to $92.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. TD Cowen increased their target price on shares of ONEOK from $80.00 to $85.00 and gave the stock a “hold” rating in a research report on Thursday, April 30th. Scotiabank cut shares of ONEOK from a “sector outperform” rating to a “sector perform” rating and decreased their price target for the company from $92.00 to $89.00 in a report on Thursday, April 30th. Barclays upped their price target on shares of ONEOK from $82.00 to $90.00 and gave the company an “equal weight” rating in a report on Thursday, April 30th. Finally, Morgan Stanley upped their price target on shares of ONEOK from $104.00 to $113.00 and gave the company an “overweight” rating in a report on Tuesday, April 7th. Eight equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $91.88.

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.