Reaves W H & Co. Inc. Has $33.94 Million Holdings in ONEOK, Inc. $OKE

Reaves W H & Co. Inc. cut its holdings in ONEOK, Inc. (NYSE:OKE) by 21.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 461,740 shares of the utilities provider’s stock after selling 122,383 shares during the quarter. Reaves W H & Co. Inc. owned approximately 0.07% of ONEOK worth $33,938,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Winnow Wealth LLC acquired a new stake in ONEOK in the third quarter valued at about $28,000. Elyxium Wealth LLC bought a new position in ONEOK in the fourth quarter valued at about $29,000. SRH Advisors LLC raised its position 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 purchasing an additional 241 shares during the last quarter. AXS Investments LLC bought a new position in ONEOK in the third quarter valued at about $35,000. Finally, Accredited Wealth Management LLC raised 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 valued at $36,000 after purchasing an additional 387 shares during the last quarter. 69.13% of the stock is owned by institutional investors and hedge funds.

ONEOK Trading Up 0.1%

NYSE OKE opened at $84.05 on Monday. The business has a 50 day simple moving average of $88.85 and a 200 day simple moving average of $81.35. ONEOK, Inc. has a one year low of $64.02 and a one year high of $96.07. The stock has a market capitalization of $52.95 billion, a P/E ratio of 14.98, a P/E/G ratio of 6.23 and a beta of 0.74. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.71 and a quick ratio of 0.56.

ONEOK (NYSE:OKE) last released its earnings results on Tuesday, April 28th. The utilities provider reported $1.23 EPS for the quarter, missing the consensus estimate of $1.30 by ($0.07). ONEOK had a return on equity of 16.06% and a net margin of 10.03%.The business had revenue of $9.62 billion for the quarter, compared to analyst estimates of $8.23 billion. During the same period in the prior year, the business earned $1.04 EPS. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. Research analysts expect that ONEOK, Inc. will post 5.76 earnings per share for the current year.

ONEOK Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Monday, May 4th were paid a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date of this dividend was Monday, May 4th. ONEOK’s dividend payout ratio (DPR) is 76.29%.

Analyst Ratings Changes

Several research firms have commented on OKE. Scotiabank downgraded ONEOK from a “sector outperform” rating to a “sector perform” rating and dropped their target price for the company from $92.00 to $89.00 in a research report on Thursday, April 30th. Freedom Capital upgraded ONEOK from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th. Morgan Stanley increased their target price on ONEOK from $104.00 to $113.00 and gave the company an “overweight” rating in a research report on Tuesday, April 7th. Barclays increased their target price on ONEOK from $82.00 to $90.00 and gave the company an “equal weight” rating in a research report on Thursday, April 30th. Finally, Wall Street Zen upgraded ONEOK from a “sell” rating to a “hold” rating in a research report on Tuesday, May 26th. Eight research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target 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.