Natixis Advisors LLC Cuts Holdings in ONEOK, Inc. $OKE

Natixis Advisors LLC trimmed its position in ONEOK, Inc. (NYSE:OKE) by 5.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 329,689 shares of the utilities provider’s stock after selling 18,225 shares during the quarter. Natixis Advisors LLC owned about 0.05% of ONEOK worth $24,232,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in OKE. Elyxium Wealth LLC bought a new stake in ONEOK in the 4th quarter worth approximately $29,000. SRH Advisors LLC boosted its position 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. Accredited Wealth Management LLC grew its holdings in shares of 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 in the last quarter. Texas Capital Bancshares Inc TX purchased a new position in shares of ONEOK in the third quarter valued at $39,000. Finally, Quest 10 Wealth Builders Inc. increased its position in ONEOK by 54.6% in the fourth quarter. Quest 10 Wealth Builders Inc. now owns 609 shares of the utilities provider’s stock worth $45,000 after purchasing an additional 215 shares during the last quarter. 69.13% of the stock is currently owned by hedge funds and other institutional investors.

ONEOK Trading Up 2.5%

OKE stock opened at $88.90 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 capitalization of $56.01 billion, a price-to-earnings ratio of 15.85, a price-to-earnings-growth ratio of 6.49 and a beta of 0.74. The company has a quick ratio of 0.56, a current ratio of 0.71 and a debt-to-equity ratio of 1.37. The firm’s fifty day simple moving average is $88.63 and its two-hundred day simple moving average is $81.84.

ONEOK (NYSE:OKE) last released 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). ONEOK had a return on equity of 16.06% and a net margin of 10.03%.The firm had revenue of $9.62 billion during the quarter, compared to the consensus estimate of $8.23 billion. During the same quarter last year, the business posted $1.04 EPS. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. As a group, analysts anticipate that ONEOK, Inc. will post 5.72 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. The ex-dividend date of this dividend was Monday, May 4th. This represents a $4.28 annualized dividend and a yield of 4.8%. ONEOK’s dividend payout ratio (DPR) is presently 76.29%.

Analysts Set New Price Targets

OKE has been the topic of a number of recent research reports. Raymond James Financial reaffirmed an “outperform” rating and set a $92.00 price target on shares of ONEOK in a research note on Thursday, April 30th. Scotiabank downgraded shares of ONEOK from a “sector outperform” rating to a “sector perform” rating and reduced their target price for the stock from $92.00 to $89.00 in a report on Thursday, April 30th. Freedom Capital upgraded shares of ONEOK from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th. Truist Financial increased their price target on shares of ONEOK from $91.00 to $93.00 and gave the company a “hold” rating in a report on Monday, May 4th. Finally, Citigroup lifted their price target on ONEOK from $95.00 to $97.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Eight research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus 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.