14,539 Shares in ONEOK, Inc. $OKE Bought by Triune Financial Partners LLC

Triune Financial Partners LLC bought a new position in ONEOK, Inc. (NYSE:OKE) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 14,539 shares of the utilities provider’s stock, valued at approximately $1,151,000. ONEOK accounts for about 0.3% of Triune Financial Partners LLC’s holdings, making the stock its 17th largest holding.

Several other hedge funds also recently bought and sold shares of OKE. National Pension Service increased its holdings in shares of ONEOK by 2.9% in the third quarter. National Pension Service now owns 857,949 shares of the utilities provider’s stock valued at $62,605,000 after purchasing an additional 24,003 shares during the last quarter. Hudson Edge Investment Partners Inc. boosted its position in shares of ONEOK by 34.1% during the third quarter. Hudson Edge Investment Partners Inc. now owns 87,667 shares of the utilities provider’s stock worth $6,397,000 after buying an additional 22,282 shares during the period. Nordea Investment Management AB boosted its position in shares of ONEOK by 7.5% during the third quarter. Nordea Investment Management AB now owns 777,262 shares of the utilities provider’s stock worth $55,885,000 after buying an additional 54,444 shares during the period. Legal & General Group Plc boosted its position in shares of ONEOK by 1.6% during the third quarter. Legal & General Group Plc now owns 5,218,376 shares of the utilities provider’s stock worth $380,785,000 after buying an additional 80,683 shares during the period. Finally, Jones Financial Companies Lllp boosted its position in shares of ONEOK by 29.6% during the third quarter. Jones Financial Companies Lllp now owns 534,285 shares of the utilities provider’s stock worth $39,401,000 after buying an additional 121,891 shares during the period. Institutional investors own 69.13% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on OKE shares. Wolfe Research lowered ONEOK from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, February 25th. JPMorgan Chase & Co. lowered ONEOK from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $87.00 to $83.00 in a research report on Tuesday, January 27th. Jefferies Financial Group raised their price target on ONEOK from $98.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, April 8th. Scotiabank lowered ONEOK from a “sector outperform” rating to a “sector perform” rating and lowered their price target for the stock from $92.00 to $89.00 in a research report on Thursday. Finally, TD Cowen lifted their target price on ONEOK from $80.00 to $85.00 and gave the company a “hold” rating in a report on Thursday, April 30th. Seven analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $91.19.

ONEOK Trading Up 0.4%

NYSE:OKE opened at $90.76 on Tuesday. The firm has a market cap of $57.18 billion, a PE ratio of 16.18, a price-to-earnings-growth ratio of 6.84 and a beta of 0.78. The stock has a fifty day moving average price of $87.11 and a 200 day moving average price of $78.41. ONEOK, Inc. has a 12-month low of $64.02 and a 12-month high of $95.30. The company has a current ratio of 0.71, a quick ratio of 0.56 and a debt-to-equity ratio of 1.37.

ONEOK (NYSE:OKE) last released its earnings results on Tuesday, April 28th. The utilities provider reported $1.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.07). The company had revenue of $9.62 billion during the quarter, compared to analysts’ expectations of $8.23 billion. ONEOK had a net margin of 10.03% and a return on equity of 16.06%. During the same quarter last year, the business posted $1.04 earnings per share. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. Sell-side analysts anticipate that ONEOK, Inc. will post 5.53 earnings per share for the current fiscal year.

ONEOK Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Monday, May 4th will be given a $1.07 dividend. The ex-dividend date of this dividend is Monday, May 4th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 4.7%. ONEOK’s dividend payout ratio is 76.29%.

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.