Pinnacle Holdings LLC Makes New Investment in ONEOK, Inc. $OKE

Pinnacle Holdings LLC bought a new stake in ONEOK, Inc. (NYSE:OKE) during the second quarter, HoldingsChannel reports. The institutional investor bought 55,634 shares of the utilities provider’s stock, valued at approximately $4,837,000. ONEOK comprises about 1.5% of Pinnacle Holdings LLC’s holdings, making the stock its 8th largest position.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Haverford Trust Co bought a new stake in shares of ONEOK in the 2nd quarter worth approximately $447,000. Bank of Nova Scotia bought a new position in ONEOK during the second quarter valued at $8,757,000. Compass Financial Management LLC bought a new position in ONEOK during the second quarter valued at $2,713,000. Elevation Point Wealth Partners LLC purchased a new stake in ONEOK in the second quarter worth $2,031,000. Finally, Alta Advisers Ltd purchased a new stake in ONEOK in the second quarter worth $210,000. 69.13% of the stock is owned by institutional investors.

ONEOK News Summary

Here are the key news stories impacting ONEOK this week:

• Positive Sentiment: US Capital Advisors raised its EPS forecasts across multiple periods, including Q3 2026 to $1.56 from $1.45, FY2026 to $5.90 from $5.67, FY2027 to $6.36 from $6.12, and FY2028 to $7.22 from $6.97. The firm’s FY2026 estimate is above the $5.82 analyst consensus, suggesting stronger expected operating performance. MarketBeat ONEOK analyst estimates
• Positive Sentiment: The revisions also lifted forecasts for Q1 through Q4 2027, indicating that US Capital Advisors expects ONEOK’s earnings growth to continue beyond 2026.
• Positive Sentiment: Recent commentary describes ONEOK as a high-yield pipeline stock whose ongoing strength may be underestimated by investors, supporting the long-term income and growth narrative. High-Yield Pipeline Stock Investors Keep Underestimating
• Neutral Sentiment: Analysts maintain a consensus “Moderate Buy” rating for OKE, while Morgan Stanley has indicated that the stock could rise. These views provide support but do not represent new company-specific operating results. ONEOK Consensus Rating Morgan Stanley ONEOK Price Outlook
• Negative Sentiment: US Capital Advisors downgraded ONEOK from “Strong Buy” to “Moderate Buy.” Although the firm raised its earnings estimates, the less-optimistic rating may be pressuring the stock today, particularly after OKE’s recent strong run toward its 52-week high. Zacks ONEOK rating update

Wall Street Analysts Forecast Growth

OKE has been the topic of a number of recent research reports. Raymond James Financial reaffirmed an “outperform” rating and set a $92.00 price target on shares of ONEOK in a research report on Thursday, April 30th. Wall Street Zen raised ONEOK from a “sell” rating to a “hold” rating in a report on Sunday, August 9th. Truist Financial lifted their price objective on ONEOK from $91.00 to $93.00 and gave the stock a “hold” rating in a report on Monday, May 4th. US Capital Advisors cut ONEOK from a “strong-buy” rating to a “moderate buy” rating in a research note on Thursday. Finally, JPMorgan Chase & Co. upped their price objective on shares of ONEOK from $91.00 to $92.00 and gave the company a “neutral” rating in a report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $91.94.

ONEOK Price Performance

Shares of NYSE OKE opened at $93.43 on Monday. The stock’s 50-day simple moving average is $90.09 and its two-hundred day simple moving average is $88.29. ONEOK, Inc. has a twelve month low of $64.02 and a twelve month high of $97.90. The firm has a market capitalization of $58.90 billion, a P/E ratio of 16.11, a P/E/G ratio of 2.60 and a beta of 0.73. The company has a quick ratio of 0.59, a current ratio of 0.74 and a debt-to-equity ratio of 1.34.

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, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $8.95 billion. During the same quarter last year, the company posted $1.34 EPS. ONEOK has set its FY 2026 guidance at 5.680-5.680 EPS. As a group, equities analysts anticipate that ONEOK, Inc. will post 5.84 EPS for the current fiscal year.

ONEOK Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Monday, August 3rd were given a dividend of $1.07 per share. The ex-dividend date was Monday, August 3rd. This represents a $4.28 annualized dividend and a yield of 4.6%. ONEOK’s payout ratio is presently 73.79%.

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.