TritonPoint Partners LLC Makes New $468,000 Investment in ONEOK, Inc. $OKE

TritonPoint Partners LLC bought a new position in ONEOK, Inc. (NYSE:OKE) during the 4th quarter, Holdings Channel.com reports. The fund bought 6,369 shares of the utilities provider’s stock, valued at approximately $468,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Zions Bancorporation National Association UT boosted its position in ONEOK by 73.3% in the fourth quarter. Zions Bancorporation National Association UT now owns 338 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 143 shares during the last quarter. Elyxium Wealth LLC purchased a new position in ONEOK in the fourth quarter worth about $29,000. Cornerstone Financial Management LLC purchased a new position in ONEOK in the fourth quarter worth about $29,000. SRH Advisors LLC boosted its position in ONEOK by 122.3% in the fourth quarter. SRH Advisors LLC now owns 438 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 241 shares during the last quarter. Finally, Accredited Wealth Management LLC boosted its position in ONEOK by 342.5% in the third quarter. Accredited Wealth Management LLC now owns 500 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 387 shares during the last quarter. 69.13% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Wall Street Zen raised ONEOK from a “sell” rating to a “hold” rating in a research report on Tuesday, May 26th. Raymond James Financial reaffirmed an “outperform” rating and set a $92.00 price objective on shares of ONEOK in a research report on Thursday, April 30th. Barclays lifted their price objective on ONEOK from $82.00 to $90.00 and gave the company an “equal weight” rating in a research report on Thursday, April 30th. Wolfe Research cut ONEOK from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, February 25th. Finally, Jefferies Financial Group lifted their price objective on ONEOK from $98.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, April 8th. Eight investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, ONEOK currently has an average rating of “Hold” and a consensus price target of $91.88.

ONEOK Stock Down 0.2%

Shares of OKE opened at $90.40 on Monday. The business’s 50 day moving average is $88.31 and its 200 day moving average is $82.66. The company has a market capitalization of $56.95 billion, a PE ratio of 16.11, a price-to-earnings-growth ratio of 6.77 and a beta of 0.74. ONEOK, Inc. has a 12-month low of $64.02 and a 12-month high of $96.07. 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 issued its earnings results on Tuesday, April 28th. The utilities provider reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.30 by ($0.07). The business had revenue of $9.62 billion for the quarter, compared to the consensus estimate of $8.23 billion. ONEOK had a net margin of 10.03% and a return on equity of 16.06%. During the same period last year, the business posted $1.04 EPS. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. Research analysts expect that ONEOK, Inc. will post 5.72 earnings per share for the current fiscal year.

ONEOK Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 4th were paid a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend was Monday, May 4th. ONEOK’s dividend payout ratio (DPR) is 76.29%.

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.