Allstate Corp Has $3.41 Million Stock Holdings in ONEOK, Inc. $OKE

Allstate Corp boosted its stake in shares of ONEOK, Inc. (NYSE:OKE) by 101.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 46,445 shares of the utilities provider’s stock after purchasing an additional 23,410 shares during the period. Allstate Corp’s holdings in ONEOK were worth $3,414,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Winnow Wealth LLC acquired a new stake in shares of ONEOK in the third quarter valued at approximately $28,000. Elyxium Wealth LLC acquired a new stake in shares of ONEOK in the fourth quarter valued at approximately $29,000. SRH Advisors LLC increased its stake in shares of ONEOK by 122.3% during the fourth quarter. SRH Advisors LLC now owns 438 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 241 shares during the period. AXS Investments LLC bought a new position in shares of ONEOK during the third quarter worth approximately $35,000. Finally, Accredited Wealth Management LLC increased its stake in shares of ONEOK by 342.5% during the third quarter. Accredited Wealth Management LLC now owns 500 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 387 shares during the period. 69.13% of the stock is owned by institutional investors and hedge funds.

ONEOK Trading Down 2.5%

Shares of OKE opened at $88.16 on Thursday. ONEOK, Inc. has a 52-week low of $64.02 and a 52-week high of $96.07. The business’s fifty day moving average is $88.88 and its 200-day moving average is $81.11. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.56 and a current ratio of 0.71. The firm has a market cap of $55.54 billion, a price-to-earnings ratio of 15.71, a PEG ratio of 6.58 and a beta of 0.78.

ONEOK (NYSE:OKE) last issued its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $1.23 earnings per share (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 business had revenue of $9.62 billion during the quarter, compared to the consensus estimate of $8.23 billion. During the same quarter in the previous year, the business posted $1.04 EPS. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. Equities analysts anticipate that ONEOK, Inc. will post 5.76 EPS for the current fiscal year.

ONEOK Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 4th were issued a dividend of $1.07 per share. The ex-dividend date of this dividend was Monday, May 4th. This represents a $4.28 annualized dividend and a dividend yield of 4.9%. ONEOK’s dividend payout ratio (DPR) is 76.29%.

Wall Street Analysts Forecast Growth

OKE has been the topic of a number of recent research reports. Citigroup increased their target price on ONEOK from $95.00 to $97.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. JPMorgan Chase & Co. increased their target price on ONEOK from $91.00 to $92.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Wolfe Research lowered ONEOK from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, February 25th. Scotiabank lowered ONEOK from a “sector outperform” rating to a “sector perform” rating and lowered their price objective for the stock from $92.00 to $89.00 in a research note on Thursday, April 30th. Finally, Weiss Ratings upgraded ONEOK from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 18th. Eight analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, ONEOK has an average rating of “Hold” and an average target price 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.