CX Institutional Sells 44,228 Shares of ONEOK, Inc. $OKE

CX Institutional decreased its holdings in ONEOK, Inc. (NYSE:OKE) by 68.5% in the second quarter, Holdings Channel.com reports. The institutional investor owned 20,357 shares of the utilities provider’s stock after selling 44,228 shares during the period. CX Institutional’s holdings in ONEOK were worth $1,770,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of OKE. Brighton Jones LLC lifted its position in ONEOK by 137.1% during the fourth quarter. Brighton Jones LLC now owns 15,278 shares of the utilities provider’s stock valued at $1,534,000 after purchasing an additional 8,834 shares during the period. Empowered Funds LLC raised its stake in ONEOK by 0.8% during the 1st quarter. Empowered Funds LLC now owns 17,957 shares of the utilities provider’s stock valued at $1,782,000 after buying an additional 137 shares during the last quarter. Acadian Asset Management LLC bought a new position in shares of ONEOK during the 1st quarter valued at $216,000. Federated Hermes Inc. lifted its holdings in shares of ONEOK by 14.0% during the 2nd quarter. Federated Hermes Inc. now owns 3,120 shares of the utilities provider’s stock valued at $255,000 after buying an additional 383 shares during the period. Finally, NewEdge Advisors LLC boosted its stake in shares of ONEOK by 3.9% in the 2nd quarter. NewEdge Advisors LLC now owns 130,347 shares of the utilities provider’s stock worth $10,640,000 after buying an additional 4,902 shares during the last quarter. Institutional investors own 69.13% of the company’s stock.

ONEOK News Summary

Here are the key news stories impacting ONEOK this week:

• Positive Sentiment: Raised 2026 outlook: ONEOK increased its adjusted EBITDA guidance to a midpoint of approximately $8.35 billion, citing project start-ups, higher asset utilization and new commercial wins. Management expects mid- to high-single-digit EBITDA growth. OKE Q2 Earnings Call Highlights Higher Guidance and Project Growth
• Positive Sentiment: Strong second-quarter performance: Earnings and revenue exceeded Wall Street expectations. Net income increased 13% year over year and adjusted EBITDA rose 7%, supported by record NGL raw-feed throughput and stronger pipeline performance. ONEOK Announces Higher Second-Quarter 2026 Earnings
• Positive Sentiment: Volume and infrastructure momentum: Gulf Coast and Permian NGL throughput rose 15% from the prior-year quarter, while ONEOK completed a refined-products pipeline expansion connecting Mid-Continent and Gulf Coast supply with the Denver market and Denver International Airport. ONEOK Hikes Full-Year Guidance After Record NGL Volumes Drive Earnings Growth
• Neutral Sentiment: Mixed analyst sentiment: Recent coverage shows differing views on ONEOK, suggesting that expectations for the stock’s valuation and future upside are not uniform. Analysts Have Conflicting Sentiments on ONEOK
• Neutral Sentiment: Sustainability report released: ONEOK published its annual Corporate Sustainability Report. The announcement provides environmental, social and governance updates but does not disclose a material change to earnings, guidance or capital allocation. ONEOK Releases Annual Corporate Sustainability Report

Wall Street Analysts Forecast Growth

Several brokerages recently commented on OKE. Wall Street Zen lowered ONEOK from a “hold” rating to a “sell” rating in a report on Saturday, August 1st. Raymond James Financial restated an “outperform” rating and set a $92.00 price target on shares of ONEOK in a research note on Thursday, April 30th. JPMorgan Chase & Co. upped their price target on shares of ONEOK from $91.00 to $92.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Citigroup increased their price objective on shares of ONEOK from $95.00 to $97.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Finally, TD Cowen raised their price objective on shares of ONEOK from $85.00 to $90.00 and gave the stock a “hold” rating in a report on Thursday, July 16th. Seven investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $91.81.

ONEOK Stock Performance

NYSE:OKE opened at $87.09 on Thursday. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.56 and a current ratio of 0.74. The stock has a 50-day simple moving average of $88.89 and a two-hundred day simple moving average of $86.95. The firm has a market capitalization of $54.88 billion, a PE ratio of 15.02, a P/E/G ratio of 4.72 and a beta of 0.73. ONEOK, Inc. has a 52-week low of $64.02 and a 52-week high of $96.07.

ONEOK (NYSE:OKE) last posted its quarterly earnings data on Monday, August 3rd. The utilities provider reported $1.53 EPS for the quarter, topping the consensus estimate of $1.46 by $0.07. ONEOK had a return on equity of 16.41% and a net margin of 9.29%.The firm had revenue of $12.05 billion for the quarter, compared to the consensus estimate of $8.95 billion. During the same quarter last year, the company earned $1.34 earnings per share. ONEOK has set its FY 2026 guidance at 5.680-5.680 EPS. Analysts forecast that ONEOK, Inc. will post 5.68 EPS for the current year.

ONEOK Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Monday, August 3rd will be given a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date is Monday, August 3rd. ONEOK’s dividend payout ratio is presently 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.