Natixis Advisors LLC Has $25.39 Million Position in ONEOK, Inc. $OKE

Natixis Advisors LLC lessened its stake in ONEOK, Inc. (NYSE:OKE) by 23.7% during the third quarter, HoldingsChannel reports. The institutional investor owned 347,914 shares of the utilities provider’s stock after selling 108,009 shares during the period. Natixis Advisors LLC’s holdings in ONEOK were worth $25,387,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in OKE. Empowered Funds LLC boosted its holdings in ONEOK by 0.8% in the first quarter. Empowered Funds LLC now owns 17,957 shares of the utilities provider’s stock valued at $1,782,000 after acquiring an additional 137 shares during the last quarter. Focused Wealth Management Inc raised its holdings in ONEOK by 4.3% during the 3rd quarter. Focused Wealth Management Inc now owns 3,441 shares of the utilities provider’s stock worth $251,000 after purchasing an additional 142 shares during the last quarter. Fidelis Capital Partners LLC lifted its position in shares of ONEOK by 4.2% in the 2nd quarter. Fidelis Capital Partners LLC now owns 3,589 shares of the utilities provider’s stock worth $270,000 after purchasing an additional 144 shares during the period. Silver Lake Advisory LLC lifted its position in shares of ONEOK by 1.4% in the 3rd quarter. Silver Lake Advisory LLC now owns 10,788 shares of the utilities provider’s stock worth $787,000 after purchasing an additional 147 shares during the period. Finally, Alternative Investment Advisors LLC. boosted its stake in shares of ONEOK by 1.2% in the 2nd quarter. Alternative Investment Advisors LLC. now owns 12,479 shares of the utilities provider’s stock valued at $1,019,000 after purchasing an additional 148 shares during the last quarter. Institutional investors and hedge funds own 69.13% of the company’s stock.

ONEOK Stock Down 1.4%

ONEOK stock opened at $84.75 on Wednesday. The company has a quick ratio of 0.56, a current ratio of 0.71 and a debt-to-equity ratio of 1.36. ONEOK, Inc. has a 12-month low of $64.02 and a 12-month high of $103.64. The firm’s fifty day moving average is $79.89 and its 200 day moving average is $74.55. The company has a market capitalization of $53.37 billion, a PE ratio of 15.64, a PEG ratio of 5.08 and a beta of 0.93.

ONEOK (NYSE:OKE) last posted its quarterly earnings results on Monday, February 23rd. The utilities provider reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.50 by $0.05. The business had revenue of $9.07 billion during the quarter, compared to analysts’ expectations of $8.77 billion. ONEOK had a net margin of 10.09% and a return on equity of 15.29%. During the same period last year, the company posted $1.57 earnings per share. ONEOK has set its FY 2026 guidance at 5.040-5.870 EPS. As a group, sell-side analysts predict that ONEOK, Inc. will post 5.07 EPS for the current fiscal year.

ONEOK Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Monday, February 2nd were given a dividend of $1.07 per share. This is a boost from ONEOK’s previous quarterly dividend of $1.03. The ex-dividend date of this dividend was Monday, February 2nd. This represents a $4.28 dividend on an annualized basis and a dividend yield of 5.1%. ONEOK’s payout ratio is currently 78.97%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Morgan Stanley reiterated an “overweight” rating and set a $104.00 price objective on shares of ONEOK in a research report on Wednesday, January 28th. JPMorgan Chase & Co. cut shares of ONEOK from an “overweight” rating to a “neutral” rating and cut their price target for the company from $87.00 to $83.00 in a research report on Tuesday, January 27th. Scotiabank reiterated an “outperform” rating and set a $91.00 price target on shares of ONEOK in a report on Friday, January 16th. Jefferies Financial Group assumed coverage on ONEOK in a research report on Tuesday, January 20th. They issued a “hold” rating and a $80.00 price objective for the company. Finally, Mizuho set a $89.00 price objective on ONEOK in a research note on Monday, February 23rd. Seven investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $86.47.

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.