Mesirow Financial Investment Management Inc. Sells 13,638 Shares of ONEOK, Inc. $OKE

Mesirow Financial Investment Management Inc. decreased its position in ONEOK, Inc. (NYSE:OKE) by 26.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 37,424 shares of the utilities provider’s stock after selling 13,638 shares during the quarter. Mesirow Financial Investment Management Inc.’s holdings in ONEOK were worth $2,751,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Winnow Wealth LLC purchased a new position in ONEOK during the third quarter worth about $28,000. SRH Advisors LLC increased its stake in ONEOK by 122.3% in the 4th quarter. SRH Advisors LLC now owns 438 shares of the utilities provider’s stock valued at $32,000 after buying an additional 241 shares during the last quarter. AXS Investments LLC bought a new position in shares of ONEOK during the 3rd quarter worth approximately $35,000. Accredited Wealth Management LLC lifted its position in shares of ONEOK by 342.5% during the 3rd quarter. Accredited Wealth Management LLC now owns 500 shares of the utilities provider’s stock worth $36,000 after buying an additional 387 shares in the last quarter. Finally, Texas Capital Bancshares Inc TX purchased a new position in shares of ONEOK in the 3rd quarter worth approximately $39,000. Hedge funds and other institutional investors own 69.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Morgan Stanley increased their price target on ONEOK from $104.00 to $113.00 and gave the company an “overweight” rating in a research report on Tuesday, April 7th. JPMorgan Chase & Co. boosted their price objective on ONEOK from $91.00 to $92.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Wall Street Zen raised ONEOK from a “sell” rating to a “hold” rating in a research report on Sunday, May 10th. Scotiabank cut ONEOK from a “sector outperform” rating to a “sector perform” rating and lowered their target price for the stock from $92.00 to $89.00 in a research note on Thursday, April 30th. Finally, Freedom Capital raised shares of ONEOK from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 5th. Seven equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $91.88.

ONEOK Trading Up 2.5%

NYSE:OKE opened at $90.97 on Friday. 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. The firm’s 50 day moving average is $87.62 and its 200 day moving average is $79.49. The stock has a market capitalization of $57.31 billion, a PE ratio of 16.22, a price-to-earnings-growth ratio of 6.48 and a beta of 0.78.

ONEOK (NYSE:OKE) last announced its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $1.23 earnings per share for the quarter, missing the consensus estimate of $1.30 by ($0.07). ONEOK had a net margin of 10.03% and a return on equity of 16.06%. The firm had revenue of $9.62 billion for the quarter, compared to the consensus estimate of $8.23 billion. During the same period last year, the company posted $1.04 earnings per share. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. Sell-side analysts expect that ONEOK, Inc. will post 5.73 earnings per share for the current year.

ONEOK Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Monday, May 4th will be paid a dividend of $1.07 per share. The ex-dividend date is Monday, May 4th. This represents a $4.28 annualized dividend and a dividend yield of 4.7%. ONEOK’s dividend payout ratio is presently 76.29%.

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.