LaSalle St. Investment Advisors LLC Takes $547,000 Position in ONEOK, Inc. $OKE

LaSalle St. Investment Advisors LLC purchased a new stake in shares of ONEOK, Inc. (NYSE:OKE) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 6,296 shares of the utilities provider’s stock, valued at approximately $547,000.

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

Wall Street Analyst Weigh In

OKE has been the topic of a number of recent analyst reports. Barclays decreased their price target on ONEOK from $90.00 to $88.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 8th. TD Cowen upped their price target on shares of ONEOK from $85.00 to $90.00 and gave the company a “hold” rating in a research note on Thursday, July 16th. Royal Bank Of Canada raised their price objective on ONEOK from $84.00 to $90.00 and gave the company a “sector perform” rating in a research note on Tuesday, July 21st. Freedom Capital raised ONEOK from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 5th. Finally, JPMorgan Chase & Co. increased their price target on ONEOK from $91.00 to $92.00 and gave the company a “neutral” rating in a report on Friday, May 8th. One research 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 stock. According to data from MarketBeat, ONEOK presently has an average rating of “Moderate Buy” and a consensus price target of $91.94.

ONEOK Trading Down 1.4%

OKE opened at $94.69 on Friday. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.59 and a current ratio of 0.74. The stock’s 50 day moving average price is $90.03 and its 200-day moving average price is $88.16. ONEOK, Inc. has a one year low of $64.02 and a one year high of $97.90. The stock has a market cap of $59.69 billion, a price-to-earnings ratio of 16.33, a P/E/G ratio of 2.69 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 analysts’ consensus estimates of $1.46 by $0.07. The firm had revenue of $12.05 billion during the quarter, compared to analyst estimates of $8.95 billion. ONEOK had a return on equity of 16.41% and a net margin of 9.29%.During the same period last year, the company earned $1.34 EPS. ONEOK has set its FY 2026 guidance at 5.680-5.680 EPS. On average, equities analysts forecast that ONEOK, Inc. will post 5.82 EPS for the current year.

ONEOK Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend was Monday, August 3rd. ONEOK’s payout ratio is currently 73.79%.

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.