ONEOK, Inc. $OKE Shares Sold by Glenview Trust Co

Glenview Trust Co lessened its stake in shares of ONEOK, Inc. (NYSE:OKE) by 20.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 26,314 shares of the utilities provider’s stock after selling 6,623 shares during the period. Glenview Trust Co’s holdings in ONEOK were worth $1,934,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. HBK Sorce Advisory LLC raised its stake in ONEOK by 12.0% during the 4th quarter. HBK Sorce Advisory LLC now owns 4,688 shares of the utilities provider’s stock valued at $345,000 after purchasing an additional 503 shares during the period. Hantz Financial Services Inc. raised its stake in ONEOK by 83.5% during the 4th quarter. Hantz Financial Services Inc. now owns 2,734 shares of the utilities provider’s stock valued at $201,000 after purchasing an additional 1,244 shares during the period. Allen Capital Group LLC raised its stake in ONEOK by 64.9% during the 4th quarter. Allen Capital Group LLC now owns 44,659 shares of the utilities provider’s stock valued at $3,282,000 after purchasing an additional 17,584 shares during the period. Strategic Financial Concepts LLC raised its stake in ONEOK by 123.5% during the 4th quarter. Strategic Financial Concepts LLC now owns 7,646 shares of the utilities provider’s stock valued at $562,000 after purchasing an additional 4,225 shares during the period. Finally, Associated Banc Corp raised its stake in ONEOK by 2.6% during the 4th quarter. Associated Banc Corp now owns 19,546 shares of the utilities provider’s stock valued at $1,437,000 after purchasing an additional 488 shares during the period. Institutional investors and hedge funds own 69.13% of the company’s stock.

ONEOK Trading Down 0.1%

NYSE OKE opened at $93.98 on Tuesday. ONEOK, Inc. has a 1-year low of $64.02 and a 1-year high of $96.07. The company has a current ratio of 0.71, a quick ratio of 0.56 and a debt-to-equity ratio of 1.37. The company has a market capitalization of $59.21 billion, a PE ratio of 16.75, a price-to-earnings-growth ratio of 6.84 and a beta of 0.78. The firm’s fifty day simple moving average is $88.72 and its 200-day simple moving average is $80.79.

ONEOK (NYSE:OKE) last posted its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $1.23 earnings per share for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.07). ONEOK had a return on equity of 16.06% and a net margin of 10.03%.The company had revenue of $9.62 billion during the quarter, compared to analyst estimates of $8.23 billion. During the same period last year, the company posted $1.04 earnings per share. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. As a group, sell-side analysts anticipate that ONEOK, Inc. will post 5.76 earnings per share for the current fiscal year.

ONEOK Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 4th were paid a $1.07 dividend. The ex-dividend date of this dividend was Monday, May 4th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 4.6%. ONEOK’s dividend payout ratio is 76.29%.

Wall Street Analyst Weigh In

OKE has been the topic of several recent analyst reports. Freedom Capital raised shares of ONEOK from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 5th. Jefferies Financial Group boosted their target price on shares of ONEOK from $98.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, April 8th. Raymond James Financial reissued an “outperform” rating and set a $92.00 target price on shares of ONEOK in a research note on Thursday, April 30th. Citigroup boosted their target price on shares of ONEOK from $95.00 to $97.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Finally, Morgan Stanley boosted their target price on shares of ONEOK from $104.00 to $113.00 and gave the company an “overweight” rating in a research note on Tuesday, April 7th. Eight research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, ONEOK currently has a consensus rating of “Hold” and a consensus price target of $91.88.

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.