ONEOK, Inc. $OKE Shares Sold by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA decreased its position in shares of ONEOK, Inc. (NYSE:OKE) by 9.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 349,261 shares of the utilities provider’s stock after selling 34,789 shares during the period. Pictet Asset Management Holding SA’s holdings in ONEOK were worth $31,570,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in OKE. Zions Bancorporation National Association UT lifted its holdings in ONEOK by 73.3% in the 4th quarter. Zions Bancorporation National Association UT now owns 338 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 143 shares during the last quarter. Elyxium Wealth LLC acquired a new position in shares of ONEOK in the 4th quarter worth approximately $29,000. Cornerstone Financial Management LLC acquired a new position in shares of ONEOK in the 4th quarter worth approximately $29,000. SRH Advisors LLC raised its holdings in shares of ONEOK by 122.3% in the 4th quarter. SRH Advisors LLC now owns 438 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 241 shares in the last quarter. Finally, J.Safra Asset Management Corp bought a new stake in shares of ONEOK in the 4th quarter worth approximately $37,000. 69.13% of the stock is owned by institutional investors.

ONEOK Stock Performance

ONEOK stock opened at $87.02 on Wednesday. ONEOK, Inc. has a fifty-two week low of $64.02 and a fifty-two week high of $96.07. The firm’s 50 day simple moving average is $88.46 and its 200-day simple moving average is $83.80. 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 company has a market cap of $54.84 billion, a P/E ratio of 15.51, a price-to-earnings-growth ratio of 6.64 and a beta of 0.74.

ONEOK (NYSE:OKE) last issued its quarterly earnings results 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 during the quarter, compared to analysts’ expectations of $8.23 billion. During the same quarter last year, the company posted $1.04 EPS. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. As a group, equities research analysts predict that ONEOK, Inc. will post 5.72 EPS for the current year.

ONEOK Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 4th were issued a $1.07 dividend. The ex-dividend date was Monday, May 4th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 4.9%. ONEOK’s dividend payout ratio is presently 76.29%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on OKE. Wells Fargo & Company reduced their target price on shares of ONEOK from $100.00 to $98.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. TD Cowen upped their price target on ONEOK from $80.00 to $85.00 and gave the company a “hold” rating in a report on Thursday, April 30th. JPMorgan Chase & Co. increased their price objective on ONEOK from $91.00 to $92.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Barclays lifted their target price on ONEOK from $82.00 to $90.00 and gave the stock an “equal weight” rating in a report on Thursday, April 30th. Finally, Jefferies Financial Group boosted their target price on ONEOK from $98.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, April 8th. Eight research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, ONEOK currently has an average rating of “Hold” and a consensus target price of $91.88.

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.