ONEOK, Inc. $OKE Holdings Cut by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI lowered its stake in shares of ONEOK, Inc. (NYSE:OKE) by 58.5% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 28,093 shares of the utilities provider’s stock after selling 39,593 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in ONEOK were worth $2,442,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Zions Bancorporation National Association UT increased its stake in shares of ONEOK by 73.3% in the fourth 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 acquired a new stake in ONEOK during the fourth quarter valued at $29,000. Cornerstone Financial Management LLC purchased a new position in ONEOK in the fourth quarter valued at about $29,000. Portus Wealth Advisors LLC purchased a new position in ONEOK in the first quarter valued at about $33,000. Finally, Wilkerson Advisory Group LLC increased its position 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 purchasing an additional 133 shares during the last quarter. 69.13% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on OKE shares. Royal Bank Of Canada raised their price target on ONEOK from $84.00 to $90.00 and gave the stock a “sector perform” rating in a research note on Tuesday, July 21st. Morgan Stanley reissued an “equal weight” rating and issued a $103.00 price target (down from $113.00) on shares of ONEOK in a research note on Wednesday, July 29th. Scotiabank downgraded ONEOK from a “sector outperform” rating to a “sector perform” rating and dropped their price objective for the stock from $92.00 to $89.00 in a report on Thursday, April 30th. Truist Financial raised their price objective on shares of ONEOK from $91.00 to $93.00 and gave the company a “hold” rating in a research report on Monday, May 4th. Finally, Freedom Capital upgraded shares of ONEOK from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, ONEOK presently has an average rating of “Moderate Buy” and an average price target of $91.81.

ONEOK Stock Up 0.4%

OKE opened at $95.33 on Tuesday. The business has a 50 day moving average of $89.62 and a 200-day moving average of $87.80. The stock has a market capitalization of $60.09 billion, a price-to-earnings ratio of 16.44, a P/E/G ratio of 7.10 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 1-year low of $64.02 and a 1-year high of $96.07.

ONEOK (NYSE:OKE) last posted its quarterly earnings data 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. The company had revenue of $12.05 billion for the quarter, compared to the consensus estimate of $8.95 billion. ONEOK had a net margin of 9.29% and a return on equity of 16.41%. During the same quarter in the previous year, the firm posted $1.34 EPS. ONEOK has set its FY 2026 guidance at 5.680-5.680 EPS. As a group, sell-side analysts anticipate that ONEOK, Inc. will post 5.87 earnings per share for the current year.

ONEOK Announces Dividend

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

ONEOK Company 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.