6,296 Shares in ONEOK, Inc. $OKE Purchased by LaSalle St. Investment Advisors LLC

LaSalle St. Investment Advisors LLC purchased a new stake in ONEOK, Inc. (NYSE:OKE) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 6,296 shares of the utilities provider’s stock, valued at approximately $547,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in OKE. Zions Bancorporation National Association UT increased its position 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 valued at $25,000 after buying an additional 143 shares during the period. Elyxium Wealth LLC purchased a new stake in ONEOK in the fourth quarter valued at approximately $29,000. Cornerstone Financial Management LLC purchased a new stake in ONEOK in the fourth quarter valued at approximately $29,000. Portus Wealth Advisors LLC bought a new stake in ONEOK during the first quarter valued at approximately $33,000. Finally, Wilkerson Advisory Group LLC grew its stake in ONEOK by 51.4% in the 1st quarter. Wilkerson Advisory Group LLC now owns 392 shares of the utilities provider’s stock worth $35,000 after buying an additional 133 shares in the last quarter. 69.13% of the stock is currently owned by institutional investors.

ONEOK Stock Performance

Shares of OKE stock opened at $94.69 on Friday. The company’s fifty day moving average price is $90.03 and its 200-day moving average price is $88.16. The stock has a market cap of $59.69 billion, a PE ratio of 16.33, a price-to-earnings-growth ratio of 2.69 and a beta of 0.73. 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, Inc. has a 12 month low of $64.02 and a 12 month high of $97.90.

ONEOK (NYSE:OKE) last issued its quarterly earnings results on Monday, August 3rd. The utilities provider reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.07. ONEOK had a net margin of 9.29% and a return on equity of 16.41%. The company had revenue of $12.05 billion during the quarter, compared to analyst estimates of $8.95 billion. During the same period last year, the business earned $1.34 EPS. ONEOK has set its FY 2026 guidance at 5.680-5.680 EPS. On average, equities analysts expect that ONEOK, Inc. will post 5.82 EPS for the current fiscal year.

ONEOK Announces Dividend

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

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Raymond James Financial reissued an “outperform” rating and issued a $92.00 price target on shares of ONEOK in a report on Thursday, April 30th. Freedom Capital upgraded shares of ONEOK from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 5th. Wells Fargo & Company reduced their price target on shares of ONEOK from $100.00 to $98.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Truist Financial raised their price objective on ONEOK from $91.00 to $93.00 and gave the company a “hold” rating in a research note on Monday, May 4th. Finally, TD Cowen lifted their target price on shares of ONEOK from $85.00 to $90.00 and gave the stock a “hold” rating in a research note on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $91.94.

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.