Vontobel Holding Ltd. Sells 7,356 Shares of ONEOK, Inc. $OKE

Vontobel Holding Ltd. trimmed its position in ONEOK, Inc. (NYSE:OKE) by 18.2% during the 2nd quarter, Holdings Channel.com reports. The firm owned 33,163 shares of the utilities provider’s stock after selling 7,356 shares during the period. Vontobel Holding Ltd.’s holdings in ONEOK were worth $2,883,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Capital International Investors bought a new stake in shares of ONEOK during the 4th quarter valued at $586,500,000. Norges Bank purchased a new stake in shares of ONEOK in the 4th quarter worth about $564,867,000. First Eagle Investment Management LLC increased its stake in shares of ONEOK by 46.3% in the 4th quarter. First Eagle Investment Management LLC now owns 11,365,304 shares of the utilities provider’s stock worth $835,350,000 after acquiring an additional 3,596,089 shares in the last quarter. Danske Bank A S increased its stake in shares of ONEOK by 3,538.4% in the 4th 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 lifted its position in ONEOK by 292.1% during the 2nd quarter. Man Group plc now owns 1,558,993 shares of the utilities provider’s stock valued at $127,261,000 after acquiring an additional 1,161,352 shares during the period. Institutional investors own 69.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on OKE. Freedom Capital upgraded shares of ONEOK from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 5th. Barclays lowered their target price on shares of ONEOK from $90.00 to $88.00 and set an “equal weight” rating for the company in a report on Wednesday, July 8th. Weiss Ratings raised ONEOK from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, May 18th. Royal Bank Of Canada upped their price target on ONEOK from $84.00 to $90.00 and gave the stock a “sector perform” rating in a research note on Tuesday, July 21st. Finally, Citigroup raised their price objective on ONEOK from $95.00 to $97.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $91.81.

ONEOK Stock Performance

Shares of OKE stock opened at $94.99 on Friday. The company has a market capitalization of $59.88 billion, a price-to-earnings ratio of 16.38, a price-to-earnings-growth ratio of 4.83 and a beta of 0.73. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.59 and a current ratio of 0.74. ONEOK, Inc. has a one year low of $64.02 and a one year high of $96.07. The company’s 50-day moving average is $89.48 and its 200 day moving average is $87.61.

ONEOK (NYSE:OKE) last issued 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. The business had revenue of $12.05 billion during the quarter, compared to analysts’ expectations of $8.95 billion. ONEOK had a net margin of 9.29% and a return on equity of 16.41%. During the same period in the previous year, the company earned $1.34 earnings per share. ONEOK has set its FY 2026 guidance at 5.680-5.680 EPS. Sell-side analysts expect that ONEOK, Inc. will post 5.87 EPS for the current fiscal year.

ONEOK Announces Dividend

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

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.