ONEOK, Inc. $OKE Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC reduced its position in ONEOK, Inc. (NYSE:OKE) by 5.0% in the 2nd quarter, Holdings Channel reports. The fund owned 510,810 shares of the utilities provider’s stock after selling 26,798 shares during the period. HighTower Advisors LLC’s holdings in ONEOK were worth $44,410,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Clearstead Trust LLC grew its position in shares of ONEOK by 4.7% in the first quarter. Clearstead Trust LLC now owns 2,632 shares of the utilities provider’s stock valued at $238,000 after purchasing an additional 117 shares during the period. Hoxton Planning & Management LLC boosted its stake in ONEOK by 2.3% in the 4th quarter. Hoxton Planning & Management LLC now owns 5,372 shares of the utilities provider’s stock worth $395,000 after buying an additional 120 shares during the last quarter. Welch Group LLC grew its holdings in ONEOK by 0.8% in the 1st quarter. Welch Group LLC now owns 14,859 shares of the utilities provider’s stock valued at $1,343,000 after buying an additional 122 shares during the period. Pine Valley Investments Ltd Liability Co grew its holdings in ONEOK by 0.5% in the 1st quarter. Pine Valley Investments Ltd Liability Co now owns 26,261 shares of the utilities provider’s stock valued at $2,374,000 after buying an additional 122 shares during the period. Finally, FAS Wealth Partners Inc. increased its stake in shares of ONEOK by 2.1% during the 1st quarter. FAS Wealth Partners Inc. now owns 6,057 shares of the utilities provider’s stock valued at $548,000 after acquiring an additional 123 shares during the last quarter. 69.13% of the stock is currently owned by institutional investors and hedge funds.

ONEOK Stock Up 2.5%

Shares of ONEOK stock opened at $94.99 on Friday. ONEOK, Inc. has a twelve month low of $64.02 and a twelve month high of $96.07. The stock has a market cap of $59.88 billion, a price-to-earnings ratio of 16.38, a price-to-earnings-growth ratio of 4.95 and a beta of 0.73. The company has a current ratio of 0.74, a quick ratio of 0.59 and a debt-to-equity ratio of 1.34. The company has a fifty day moving average price of $89.48 and a 200 day moving average price of $87.61.

ONEOK (NYSE:OKE) last issued its quarterly earnings data on Monday, August 3rd. The utilities provider reported $1.53 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.07. ONEOK had a return on equity of 16.41% and a net margin of 9.29%.The company had revenue of $12.05 billion for the quarter, compared to analysts’ expectations of $8.95 billion. During the same quarter in the previous year, the firm posted $1.34 earnings per share. ONEOK has set its FY 2026 guidance at 5.680-5.680 EPS. Equities research analysts forecast that ONEOK, Inc. will post 5.87 earnings per share for the current fiscal year.

ONEOK Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Monday, August 3rd were issued a $1.07 dividend. The ex-dividend date was Monday, August 3rd. This represents a $4.28 dividend on an annualized basis and a yield of 4.5%. ONEOK’s payout ratio is currently 73.79%.

Analyst Ratings Changes

OKE has been the topic of several research analyst reports. Freedom Capital raised shares of ONEOK from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 5th. TD Cowen upped their price target on shares of ONEOK from $85.00 to $90.00 and gave the stock a “hold” rating in a research report on Thursday, July 16th. Scotiabank downgraded shares of ONEOK from a “sector outperform” rating to a “sector perform” rating and cut their price target for the stock from $92.00 to $89.00 in a research note on Thursday, April 30th. Wells Fargo & Company lowered their price objective on shares of ONEOK from $100.00 to $98.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. Finally, Barclays dropped their price objective on ONEOK from $90.00 to $88.00 and set an “equal weight” rating for the company in a report on Wednesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $91.81.

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.