14,985 Shares in ONEOK, Inc. $OKE Bought by Paradiem LLC

Paradiem LLC acquired a new stake in shares of ONEOK, Inc. (NYSE:OKE) in the first quarter, HoldingsChannel.com reports. The firm acquired 14,985 shares of the utilities provider’s stock, valued at approximately $1,354,000.

A number of other institutional investors also recently bought and sold shares of the company. Zions Bancorporation National Association UT grew its stake in shares of ONEOK by 73.3% during the 4th quarter. Zions Bancorporation National Association UT now owns 338 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 143 shares during the period. Elyxium Wealth LLC purchased a new position in shares of ONEOK in the fourth quarter worth approximately $29,000. Cornerstone Financial Management LLC purchased a new position in shares of ONEOK in the fourth quarter worth approximately $29,000. SRH Advisors LLC grew its position in 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 buying an additional 241 shares during the period. Finally, Portus Wealth Advisors LLC purchased a new stake in ONEOK during the first quarter valued at approximately $33,000. Institutional investors own 69.13% of the company’s stock.

Analyst Upgrades and Downgrades

OKE has been the topic of several recent research reports. Freedom Capital upgraded shares of ONEOK from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th. TD Cowen boosted their price objective on shares of ONEOK from $80.00 to $85.00 and gave the company a “hold” rating in a research report on Thursday, April 30th. Royal Bank Of Canada upped their price objective on ONEOK from $79.00 to $84.00 and gave the stock a “sector perform” rating in a research note on Thursday, March 19th. Truist Financial raised their target price on ONEOK from $91.00 to $93.00 and gave the stock a “hold” rating in a report on Monday, May 4th. Finally, Weiss Ratings upgraded ONEOK from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, May 18th. Eight research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $91.75.

ONEOK Stock Performance

OKE opened at $89.90 on Monday. The company has a 50 day simple moving average of $88.73 and a two-hundred day simple moving average of $84.71. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.71 and a quick ratio of 0.56. The firm has a market cap of $56.65 billion, a P/E ratio of 16.03, a PEG ratio of 6.72 and a beta of 0.73. ONEOK, Inc. has a 1-year low of $64.02 and a 1-year high of $96.07.

ONEOK (NYSE:OKE) last announced its quarterly earnings data 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 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 quarter in the previous year, the business earned $1.04 earnings per share. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. Equities analysts forecast that ONEOK, Inc. will post 5.72 earnings per share for the current fiscal year.

ONEOK Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Monday, May 4th were issued a dividend of $1.07 per share. The ex-dividend date of this dividend was Monday, May 4th. This represents a $4.28 dividend on an annualized basis and a yield of 4.8%. ONEOK’s dividend payout ratio (DPR) 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.