Fieldview Capital Management LLC Sells 19,323 Shares of ONEOK, Inc. $OKE

Fieldview Capital Management LLC decreased its position in ONEOK, Inc. (NYSE:OKE) by 70.4% during the 4th quarter, Holdings Channel reports. The firm owned 8,121 shares of the utilities provider’s stock after selling 19,323 shares during the period. Fieldview Capital Management LLC’s holdings in ONEOK were worth $597,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Zions Bancorporation National Association UT grew its holdings in shares of 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 bought a new position in shares of ONEOK in the fourth quarter worth approximately $29,000. Cornerstone Financial Management LLC bought a new stake in ONEOK in the fourth quarter valued at $29,000. SRH Advisors LLC boosted its holdings in ONEOK by 122.3% in the fourth quarter. SRH Advisors LLC now owns 438 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 241 shares in the last quarter. Finally, Accredited Wealth Management LLC boosted its holdings in ONEOK by 342.5% in the third quarter. Accredited Wealth Management LLC now owns 500 shares of the utilities provider’s stock valued at $36,000 after acquiring an additional 387 shares in the last quarter. Institutional investors own 69.13% of the company’s stock.

ONEOK Price Performance

OKE opened at $87.43 on Tuesday. The stock has a 50-day moving average price of $88.30 and a 200-day moving average price of $82.78. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.71 and a quick ratio of 0.56. The firm has a market cap of $55.08 billion, a PE ratio of 15.58, a P/E/G ratio of 6.77 and a beta of 0.74. ONEOK, Inc. has a 1 year low of $64.02 and a 1 year high of $96.07.

ONEOK (NYSE:OKE) last posted its quarterly 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 company had revenue of $9.62 billion during the quarter, compared to analysts’ expectations of $8.23 billion. ONEOK had a return on equity of 16.06% and a net margin of 10.03%.During the same period in the prior year, the firm earned $1.04 EPS. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. Sell-side analysts predict that ONEOK, Inc. will post 5.72 earnings per share for the current fiscal year.

ONEOK Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 4th were given a $1.07 dividend. This represents a $4.28 annualized dividend and a dividend yield of 4.9%. The ex-dividend date of this dividend was Monday, May 4th. ONEOK’s payout ratio is currently 76.29%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Raymond James Financial reiterated an “outperform” rating and issued a $92.00 price target on shares of ONEOK in a report on Thursday, April 30th. Wall Street Zen upgraded shares of ONEOK from a “sell” rating to a “hold” rating in a report on Tuesday, May 26th. Freedom Capital upgraded shares of ONEOK from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 5th. Wolfe Research cut shares of ONEOK from an “outperform” rating to a “peer perform” rating in a report on Wednesday, February 25th. Finally, Citigroup lifted their price target on shares of ONEOK from $95.00 to $97.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Eight investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $91.88.

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.