Talon Private Wealth LLC Has $2.19 Million Holdings in ONEOK, Inc. $OKE

Talon Private Wealth LLC increased its holdings in shares of ONEOK, Inc. (NYSE:OKE) by 27.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,136 shares of the utilities provider’s stock after acquiring an additional 5,455 shares during the period. Talon Private Wealth LLC’s holdings in ONEOK were worth $2,185,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of OKE. Castle Rock Wealth Management LLC increased its stake in shares of ONEOK by 360.0% in the fourth quarter. Castle Rock Wealth Management LLC now owns 36,216 shares of the utilities provider’s stock valued at $2,815,000 after buying an additional 28,343 shares in the last quarter. Empowered Funds LLC lifted its position in ONEOK by 21.8% during the 2nd quarter. Empowered Funds LLC now owns 73,242 shares of the utilities provider’s stock worth $6,368,000 after buying an additional 13,103 shares in the last quarter. Matrix Trust Co bought a new stake in ONEOK during the 2nd quarter worth about $1,245,000. ABC Arbitrage SA increased its position in ONEOK by 59.7% in the 1st quarter. ABC Arbitrage SA now owns 31,389 shares of the utilities provider’s stock valued at $2,837,000 after acquiring an additional 11,740 shares in the last quarter. Finally, Saudi Central Bank increased its position in ONEOK by 89.9% in the 2nd quarter. Saudi Central Bank now owns 44,102 shares of the utilities provider’s stock valued at $3,834,000 after acquiring an additional 20,876 shares in the last quarter. 69.13% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Truist Financial increased their price target on shares of ONEOK from $93.00 to $104.00 and gave the company a “hold” rating in a research note on Wednesday, September 2nd. Wall Street Zen raised ONEOK from a “sell” rating to a “hold” rating in a report on Sunday, August 9th. Royal Bank Of Canada increased their price objective on ONEOK from $84.00 to $90.00 and gave the company a “sector perform” rating in a research report on Tuesday, July 21st. Stifel Nicolaus started coverage on ONEOK in a research note on Thursday. They issued a “hold” rating and a $105.00 target price for the company. Finally, Barclays dropped their target price on ONEOK from $90.00 to $88.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and twelve have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $96.06.

ONEOK Trading Up 1.0%

Shares of OKE traded up $1.00 on Friday, reaching $96.72. 2,810,633 shares of the company’s stock were exchanged, compared to its average volume of 4,287,625. The business has a 50 day moving average price of $92.38 and a two-hundred day moving average price of $89.40. ONEOK, Inc. has a 12 month low of $64.02 and a 12 month high of $99.85. The stock has a market capitalization of $60.97 billion, a P/E ratio of 16.68, a price-to-earnings-growth ratio of 2.72 and a beta of 0.74. The company has a current ratio of 0.74, a quick ratio of 0.59 and a debt-to-equity ratio of 1.34.

ONEOK (NYSE:OKE) last announced 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 firm had revenue of $12.05 billion for the quarter, compared to analysts’ expectations of $8.95 billion. During the same period last year, the firm earned $1.34 earnings per share. ONEOK has set its FY 2026 guidance at 5.680-5.680 EPS. Research analysts anticipate that ONEOK, Inc. will post 5.74 earnings per share for the current year.

ONEOK Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Monday, August 3rd were paid a dividend of $1.07 per share. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $4.28 dividend on an annualized basis and a dividend yield of 4.4%. ONEOK’s payout ratio is 73.79%.

About ONEOK

ONEOK, Inc (NYSE: OKE) is an energy infrastructure company that gathers, processes, stores and transports natural gas and natural gas liquids (NGLs). Its operations connect production areas with domestic and international markets through pipelines, processing facilities, fractionation plants, storage assets and export infrastructure.

The company’s services include natural gas gathering and processing, interstate and intrastate natural gas transportation and storage, and the gathering, fractionation, storage and transportation of NGLs such as ethane, propane, normal butane, isobutane and natural gasoline.