Vontobel Holding Ltd. Sells 7,356 Shares of ONEOK, Inc. $OKE

Vontobel Holding Ltd. lowered its stake in ONEOK, Inc. (NYSE:OKE) by 18.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 33,163 shares of the utilities provider’s stock after selling 7,356 shares during the period. Vontobel Holding Ltd.’s holdings in ONEOK were worth $2,883,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Triune Financial Partners LLC purchased a new stake in shares of ONEOK during the fourth quarter valued at approximately $1,151,000. Swiss Life Asset Management Ltd increased its stake in shares of ONEOK by 219.5% in the fourth quarter. Swiss Life Asset Management Ltd now owns 1,522,404 shares of the utilities provider’s stock worth $111,897,000 after buying an additional 1,045,976 shares during the period. Castle Rock Wealth Management LLC raised its holdings in ONEOK by 360.0% during the 4th quarter. Castle Rock Wealth Management LLC now owns 36,216 shares of the utilities provider’s stock valued at $2,815,000 after buying an additional 28,343 shares during the last quarter. First Eagle Investment Management LLC raised its holdings in ONEOK by 46.3% during the 4th quarter. First Eagle Investment Management LLC now owns 11,365,304 shares of the utilities provider’s stock valued at $835,350,000 after buying an additional 3,596,089 shares during the last quarter. Finally, Torray Investment Partners LLC purchased a new stake in ONEOK during the 4th quarter valued at $19,109,000. Institutional investors own 69.13% of the company’s stock.

ONEOK Stock Up 2.5%

Shares of NYSE OKE opened at $94.99 on Friday. The firm has a fifty day simple moving average of $89.48 and a two-hundred day simple moving average of $87.61. ONEOK, Inc. has a 12 month low of $64.02 and a 12 month high of $96.07. The company has a current ratio of 0.74, a quick ratio of 0.59 and a debt-to-equity ratio of 1.34. The firm has a market capitalization of $59.88 billion, a PE ratio of 16.38, a price-to-earnings-growth ratio of 4.83 and a beta of 0.73.

ONEOK (NYSE:OKE) last announced its earnings results on Monday, August 3rd. The utilities provider reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.07. ONEOK had a net margin of 9.29% and a return on equity of 16.41%. The firm had revenue of $12.05 billion for the quarter, compared to analyst estimates of $8.95 billion. 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. Equities analysts expect that ONEOK, Inc. will post 5.87 earnings per share for the current year.

ONEOK Announces Dividend

The business also recently disclosed 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 was Monday, August 3rd. This represents a $4.28 annualized dividend and a yield of 4.5%. ONEOK’s dividend payout ratio (DPR) is 73.79%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Raymond James Financial reissued an “outperform” rating and issued a $92.00 price target on shares of ONEOK in a report on Thursday, April 30th. Barclays lowered their price objective on shares of ONEOK from $90.00 to $88.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 8th. Wells Fargo & Company dropped 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. Morgan Stanley reissued an “equal weight” rating and issued a $103.00 target price (down from $113.00) on shares of ONEOK in a research note on Wednesday, July 29th. Finally, JPMorgan Chase & Co. boosted their price target on ONEOK from $91.00 to $92.00 and gave the company a “neutral” rating in a report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $91.81.

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.