ONEOK, Inc. $OKE Position Reduced by First Dallas Securities Inc.

First Dallas Securities Inc. trimmed its holdings in shares of ONEOK, Inc. (NYSE:OKE) by 7.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 66,126 shares of the utilities provider’s stock after selling 5,493 shares during the period. ONEOK comprises approximately 1.9% of First Dallas Securities Inc.’s portfolio, making the stock its 10th largest position. First Dallas Securities Inc.’s holdings in ONEOK were worth $5,749,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of OKE. Zions Bancorporation National Association UT grew its position in ONEOK by 73.3% during the 4th quarter. Zions Bancorporation National Association UT now owns 338 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 143 shares during the last quarter. Elyxium Wealth LLC purchased a new stake in shares of ONEOK during the fourth quarter valued at approximately $29,000. Cornerstone Financial Management LLC purchased a new stake in shares of ONEOK during the fourth quarter valued at approximately $29,000. Portus Wealth Advisors LLC bought a new position in shares of ONEOK in the first quarter worth approximately $33,000. Finally, Wilkerson Advisory Group LLC grew its holdings in shares of ONEOK by 51.4% in the first quarter. Wilkerson Advisory Group LLC now owns 392 shares of the utilities provider’s stock worth $35,000 after purchasing an additional 133 shares during the last quarter. 69.13% of the stock is owned by institutional investors.

ONEOK Stock Performance

Shares of OKE stock opened at $94.99 on Friday. The firm has a market capitalization of $59.88 billion, a price-to-earnings ratio of 16.38, a PEG ratio of 4.83 and a beta of 0.73. The stock has a fifty day moving average of $89.48 and a 200 day moving average of $87.61. ONEOK, Inc. has a 52 week low of $64.02 and a 52 week high of $96.07. The company has a quick ratio of 0.59, a current ratio of 0.74 and a debt-to-equity ratio of 1.34.

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

ONEOK Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Raymond James Financial reiterated an “outperform” rating and set a $92.00 price target on shares of ONEOK in a report on Thursday, April 30th. Barclays decreased their price objective on shares of ONEOK from $90.00 to $88.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 8th. TD Cowen upped their price objective on shares of ONEOK from $85.00 to $90.00 and gave the company a “hold” rating in a research note on Thursday, July 16th. Wall Street Zen upgraded shares of ONEOK from a “sell” rating to a “hold” rating in a report on Sunday, August 9th. Finally, Citigroup raised their target price on ONEOK from $95.00 to $97.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently 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.