Advisors Management Group Inc. ADV Sells 9,990 Shares of ONEOK, Inc. $OKE

Advisors Management Group Inc. ADV reduced its stake in shares of ONEOK, Inc. (NYSE:OKE) by 12.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 71,725 shares of the utilities provider’s stock after selling 9,990 shares during the quarter. Advisors Management Group Inc. ADV’s holdings in ONEOK were worth $5,272,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Winnow Wealth LLC purchased a new position in shares of ONEOK during the third quarter worth $28,000. City Holding Co. acquired a new position in ONEOK in the third quarter valued at approximately $28,000. Global Wealth Strategies & Associates acquired a new position in ONEOK in the third quarter valued at approximately $29,000. Financial Consulate Inc. acquired a new position in shares of ONEOK in the 3rd quarter valued at $29,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new position in shares of ONEOK in the 2nd quarter valued at $34,000. Hedge funds and other institutional investors own 69.13% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Weiss Ratings restated a “hold (c)” rating on shares of ONEOK in a research report on Monday, December 29th. Wells Fargo & Company raised shares of ONEOK from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $81.00 to $100.00 in a research note on Wednesday. Morgan Stanley restated an “overweight” rating and set a $104.00 price target on shares of ONEOK in a research report on Wednesday, January 28th. Scotiabank reaffirmed an “outperform” rating and issued a $91.00 price target on shares of ONEOK in a research note on Friday, January 16th. Finally, Mizuho set a $89.00 price objective on ONEOK in a research note on Monday, February 23rd. Nine equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $88.94.

ONEOK Price Performance

ONEOK stock opened at $94.01 on Friday. The firm has a market cap of $59.21 billion, a PE ratio of 17.35, a price-to-earnings-growth ratio of 7.13 and a beta of 0.93. The company’s 50 day moving average is $83.90 and its two-hundred day moving average is $75.85. ONEOK, Inc. has a 52-week low of $64.02 and a 52-week high of $100.57. The company has a quick ratio of 0.56, a current ratio of 0.71 and a debt-to-equity ratio of 1.36.

ONEOK (NYSE:OKE) last released its quarterly earnings data on Monday, February 23rd. The utilities provider reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.50 by $0.05. ONEOK had a net margin of 10.09% and a return on equity of 15.29%. The business had revenue of $9.07 billion during the quarter, compared to analysts’ expectations of $8.77 billion. During the same period in the previous year, the company earned $1.57 EPS. ONEOK has set its FY 2026 guidance at 5.040-5.870 EPS. On average, research analysts expect that ONEOK, Inc. will post 5.07 EPS for the current fiscal year.

ONEOK Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Monday, February 2nd were paid a $1.07 dividend. This is a boost from ONEOK’s previous quarterly dividend of $1.03. The ex-dividend date was Monday, February 2nd. This represents a $4.28 annualized dividend and a dividend yield of 4.6%. ONEOK’s dividend payout ratio (DPR) is 78.97%.

ONEOK 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.