Commerzbank Aktiengesellschaft FI Has $2.44 Million Position in ONEOK, Inc. $OKE

Commerzbank Aktiengesellschaft FI lessened its holdings in ONEOK, Inc. (NYSE:OKE) by 58.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,093 shares of the utilities provider’s stock after selling 39,593 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in ONEOK were worth $2,442,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Zions Bancorporation National Association UT boosted its position in shares of ONEOK by 73.3% during the 4th quarter. Zions Bancorporation National Association UT now owns 338 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 143 shares in the last quarter. Elyxium Wealth LLC bought a new stake in ONEOK in the fourth quarter valued at about $29,000. Cornerstone Financial Management LLC acquired a new position in ONEOK in the fourth quarter worth about $29,000. Portus Wealth Advisors LLC acquired a new position in ONEOK in the first quarter worth about $33,000. Finally, Wilkerson Advisory Group LLC lifted its stake in ONEOK by 51.4% during the first quarter. Wilkerson Advisory Group LLC now owns 392 shares of the utilities provider’s stock worth $35,000 after purchasing an additional 133 shares during the period. Institutional investors and hedge funds own 69.13% of the company’s stock.

ONEOK Stock Performance

Shares of NYSE:OKE opened at $95.33 on Tuesday. The business has a fifty day moving average of $89.62 and a 200-day moving average of $87.80. 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 twelve month low of $64.02 and a twelve month high of $96.07. The firm has a market cap of $60.09 billion, a PE ratio of 16.44, a price-to-earnings-growth ratio of 7.10 and a beta of 0.73.

ONEOK (NYSE:OKE) last issued its quarterly 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. ONEOK had a net margin of 9.29% and a return on equity of 16.41%. The business had revenue of $12.05 billion for the quarter, compared to the consensus estimate of $8.95 billion. During the same quarter in the prior year, the company earned $1.34 EPS. ONEOK has set its FY 2026 guidance at 5.680-5.680 EPS. On average, equities research analysts predict that ONEOK, Inc. will post 5.87 EPS for the current fiscal year.

ONEOK Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on OKE shares. Raymond James Financial reissued an “outperform” rating and issued a $92.00 target price on shares of ONEOK in a report on Thursday, April 30th. Barclays lowered their price target on ONEOK from $90.00 to $88.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 8th. Scotiabank cut ONEOK from a “sector outperform” rating to a “sector perform” rating and cut their price objective for the company from $92.00 to $89.00 in a report on Thursday, April 30th. Weiss Ratings restated a “buy (b-)” rating on shares of ONEOK in a research note on Thursday. Finally, Truist Financial upped their target price on shares of ONEOK from $91.00 to $93.00 and gave the stock a “hold” rating in a report on Monday, May 4th. One investment 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. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $91.81.

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.