ONEOK, Inc. $OKE Shares Sold by Catalyst Capital Advisors LLC

Catalyst Capital Advisors LLC lowered its stake in shares of ONEOK, Inc. (NYSE:OKE) by 14.9% in the fourth quarter, HoldingsChannel reports. The fund owned 208,333 shares of the utilities provider’s stock after selling 36,384 shares during the quarter. Catalyst Capital Advisors LLC’s holdings in ONEOK were worth $15,312,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Winnow Wealth LLC acquired a new position in shares of ONEOK during the 3rd quarter valued at about $28,000. Elyxium Wealth LLC acquired a new position in shares of ONEOK during the 4th quarter valued at about $29,000. SRH Advisors LLC increased its stake in shares of ONEOK by 122.3% during the 4th quarter. SRH Advisors LLC now owns 438 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 241 shares during the last quarter. AXS Investments LLC acquired a new position in shares of ONEOK during the 3rd quarter valued at about $35,000. Finally, Accredited Wealth Management LLC increased its stake 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 valued at $36,000 after acquiring an additional 387 shares during the last quarter. Institutional investors and hedge funds own 69.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on OKE. Morgan Stanley upped their price objective on shares of ONEOK from $104.00 to $113.00 and gave the company an “overweight” rating in a research note on Tuesday, April 7th. Jefferies Financial Group upped their price objective on shares of ONEOK from $98.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, April 8th. Mizuho set a $89.00 price objective on shares of ONEOK in a research note on Monday, February 23rd. Scotiabank downgraded shares of ONEOK from a “sector outperform” rating to a “sector perform” rating and dropped their price objective for the company from $92.00 to $89.00 in a research note on Thursday, April 30th. Finally, Weiss Ratings upgraded ONEOK from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 18th. Eight investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $91.88.

ONEOK Stock Down 3.4%

Shares of NYSE:OKE opened at $84.05 on Friday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.56 and a current ratio of 0.71. ONEOK, Inc. has a 1 year low of $64.02 and a 1 year high of $96.07. The stock has a market capitalization of $52.95 billion, a P/E ratio of 14.98, a PEG ratio of 6.46 and a beta of 0.78. The stock has a 50-day simple moving average of $88.85 and a 200-day simple moving average of $81.26.

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 analysts’ consensus estimates of $1.30 by ($0.07). ONEOK had a return on equity of 16.06% and a net margin of 10.03%.The firm had revenue of $9.62 billion for the quarter, compared to analysts’ expectations of $8.23 billion. During the same quarter in the previous year, the firm posted $1.04 EPS. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. Equities analysts forecast that ONEOK, Inc. will post 5.76 earnings per share for the current year.

ONEOK Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 4th were issued a dividend of $1.07 per share. The ex-dividend date was Monday, May 4th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 5.1%. ONEOK’s payout ratio is presently 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.