ONEOK, Inc. $OKE Shares Sold by Greenwood Capital Associates LLC

Greenwood Capital Associates LLC trimmed its position in ONEOK, Inc. (NYSE:OKE) by 31.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,295 shares of the utilities provider’s stock after selling 8,752 shares during the quarter. Greenwood Capital Associates LLC’s holdings in ONEOK were worth $1,744,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in OKE. Zions Bancorporation National Association UT raised its holdings in shares of ONEOK by 73.3% during 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 period. Elyxium Wealth LLC acquired a new position in ONEOK in the fourth quarter valued at approximately $29,000. Cornerstone Financial Management LLC acquired a new position in ONEOK in the fourth quarter valued at approximately $29,000. SRH Advisors LLC grew its holdings in shares of ONEOK by 122.3% during 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. Finally, Portus Wealth Advisors LLC acquired a new stake in shares of ONEOK during the 1st quarter worth approximately $33,000. 69.13% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Weiss Ratings upgraded ONEOK from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 18th. Scotiabank downgraded shares of ONEOK from a “sector outperform” rating to a “sector perform” rating and reduced their price target for the company from $92.00 to $89.00 in a report on Thursday, April 30th. Wall Street Zen upgraded shares of ONEOK from a “sell” rating to a “hold” rating in a research report on Tuesday, May 26th. TD Cowen upped their target price on shares of ONEOK from $80.00 to $85.00 and gave the stock a “hold” rating in a research report on Thursday, April 30th. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $92.00 price target on shares of ONEOK in a report on Thursday, April 30th. Eight investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, ONEOK presently has an average rating of “Hold” and an average target price of $91.75.

ONEOK Price Performance

NYSE OKE opened at $91.21 on Thursday. ONEOK, Inc. has a 12 month low of $64.02 and a 12 month high of $96.07. The firm has a market capitalization of $57.47 billion, a PE ratio of 16.26, a P/E/G ratio of 6.78 and a beta of 0.73. The company’s 50 day simple moving average is $88.73 and its 200 day simple moving average is $84.46. 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 issued its quarterly 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 net margin of 10.03% and a return on equity of 16.06%. The firm had revenue of $9.62 billion for the quarter, compared to the consensus estimate of $8.23 billion. During the same period in the previous year, the business posted $1.04 earnings per share. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. As a group, equities research analysts forecast that ONEOK, Inc. will post 5.72 EPS for the current fiscal year.

ONEOK Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 4th were paid a dividend of $1.07 per share. The ex-dividend date of this dividend was Monday, May 4th. This represents a $4.28 annualized dividend and a yield of 4.7%. ONEOK’s dividend payout ratio is currently 76.29%.

About ONEOK

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.