ONEOK, Inc. $OKE Stock Holdings Trimmed by First Dallas Securities Inc.

First Dallas Securities Inc. decreased its position in ONEOK, Inc. (NYSE:OKE) by 7.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 66,126 shares of the utilities provider’s stock after selling 5,493 shares during the quarter. ONEOK makes up 1.9% of First Dallas Securities Inc.’s portfolio, making the stock its 10th biggest position. First Dallas Securities Inc.’s holdings in ONEOK were worth $5,749,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in OKE. Capital International Investors purchased a new stake in shares of ONEOK in the 4th quarter worth about $586,500,000. Norges Bank bought a new position in shares of ONEOK in the 4th quarter worth about $564,867,000. First Eagle Investment Management LLC lifted its position in ONEOK by 46.3% during the 4th quarter. First Eagle Investment Management LLC now owns 11,365,304 shares of the utilities provider’s stock valued at $835,350,000 after acquiring an additional 3,596,089 shares during the period. Danske Bank A S boosted its stake 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 acquiring an additional 1,644,945 shares in the last quarter. Finally, Man Group plc increased its stake in shares of ONEOK by 292.1% during the second quarter. Man Group plc now owns 1,558,993 shares of the utilities provider’s stock valued at $127,261,000 after purchasing an additional 1,161,352 shares in the last quarter. Hedge funds and other institutional investors own 69.13% of the company’s stock.

ONEOK Trading Up 2.5%

ONEOK stock opened at $94.99 on Friday. ONEOK, Inc. has a 12-month low of $64.02 and a 12-month high of $96.07. The firm has a market capitalization of $59.88 billion, a price-to-earnings ratio of 16.38, a P/E/G ratio of 4.83 and a beta of 0.73. The firm has a 50 day moving average of $89.48 and a 200 day moving average of $87.61. The company has a current ratio of 0.74, a quick ratio of 0.59 and a debt-to-equity ratio of 1.34.

ONEOK (NYSE:OKE) last issued its quarterly earnings results on Monday, August 3rd. The utilities provider reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.07. The business had revenue of $12.05 billion for the quarter, compared to the consensus estimate of $8.95 billion. ONEOK had a net margin of 9.29% and a return on equity of 16.41%. During the same quarter in the previous year, the firm earned $1.34 earnings per share. ONEOK has set its FY 2026 guidance at 5.680-5.680 EPS. As a group, research analysts predict that ONEOK, Inc. will post 5.87 earnings per share for the current year.

ONEOK Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Royal Bank Of Canada upped their price objective on ONEOK from $84.00 to $90.00 and gave the company a “sector perform” rating in a research report on Tuesday, July 21st. JPMorgan Chase & Co. raised their target price on shares of ONEOK from $91.00 to $92.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Wall Street Zen raised ONEOK from a “sell” rating to a “hold” rating in a report on Sunday, August 9th. Weiss Ratings upgraded ONEOK from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, May 18th. Finally, TD Cowen boosted their price target on ONEOK from $85.00 to $90.00 and gave the company a “hold” rating in a research note on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $91.81.

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.