SG Americas Securities LLC Purchases 57,721 Shares of ONEOK, Inc. $OKE

SG Americas Securities LLC lifted its position in shares of ONEOK, Inc. (NYSE:OKE) by 14.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 446,104 shares of the utilities provider’s stock after acquiring an additional 57,721 shares during the quarter. SG Americas Securities LLC owned approximately 0.07% of ONEOK worth $40,323,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of OKE. Zions Bancorporation National Association UT grew its holdings in shares of ONEOK by 73.3% during the fourth quarter. Zions Bancorporation National Association UT now owns 338 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 143 shares during the last quarter. Elyxium Wealth LLC acquired a new position in shares of ONEOK in the fourth quarter valued at approximately $29,000. Cornerstone Financial Management LLC bought a new position in ONEOK in the 4th quarter valued at approximately $29,000. SRH Advisors LLC raised its holdings in ONEOK by 122.3% in the 4th quarter. SRH Advisors LLC now owns 438 shares of the utilities provider’s stock valued at $32,000 after buying an additional 241 shares during the last quarter. Finally, Accredited Wealth Management LLC boosted its position in ONEOK by 342.5% during the 3rd quarter. Accredited Wealth Management LLC now owns 500 shares of the utilities provider’s stock worth $36,000 after buying an additional 387 shares during the period. Institutional investors and hedge funds own 69.13% of the company’s stock.

ONEOK Stock Up 2.0%

Shares of ONEOK stock opened at $88.02 on Wednesday. ONEOK, Inc. has a one year low of $64.02 and a one year high of $96.07. 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 stock’s 50-day moving average is $88.09 and its 200 day moving average is $83.34. The firm has a market cap of $55.46 billion, a price-to-earnings ratio of 15.69, a PEG ratio of 6.45 and a beta of 0.74.

ONEOK (NYSE:OKE) last issued its earnings results on Tuesday, April 28th. The utilities provider reported $1.23 earnings per share for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.07). ONEOK had a return on equity of 16.06% and a net margin of 10.03%.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 firm posted $1.04 earnings per share. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. Equities research analysts anticipate that ONEOK, Inc. will post 5.72 EPS for the current year.

ONEOK Announces Dividend

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

Analyst Ratings Changes

OKE has been the topic of a number of research reports. Citigroup boosted their target price on shares of ONEOK from $95.00 to $97.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Wall Street Zen upgraded shares of ONEOK from a “sell” rating to a “hold” rating in a report on Tuesday, May 26th. Scotiabank cut shares of ONEOK from a “sector outperform” rating to a “sector perform” rating and reduced their price objective for the stock from $92.00 to $89.00 in a research note on Thursday, April 30th. Wolfe Research downgraded ONEOK from an “outperform” rating to a “peer perform” rating in a report on Wednesday, February 25th. Finally, Royal Bank Of Canada raised their target price on ONEOK from $79.00 to $84.00 and gave the stock a “sector perform” rating in a research report on Thursday, March 19th. Eight research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $91.88.

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.