Diamant Asset Management Inc. Purchases New Shares in ONEOK, Inc. $OKE

Diamant Asset Management Inc. bought a new position in ONEOK, Inc. (NYSE:OKE) during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 346,194 shares of the utilities provider’s stock, valued at approximately $34,619,000. Diamant Asset Management Inc. owned about 0.05% of ONEOK as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in OKE. Zions Bancorporation National Association UT increased its stake in shares of ONEOK by 73.3% during the 4th 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 purchased a new stake in ONEOK during the 4th quarter worth about $29,000. Cornerstone Financial Management LLC bought a new position in ONEOK in the 4th quarter worth about $29,000. SRH Advisors LLC grew its stake in ONEOK by 122.3% during the fourth quarter. SRH Advisors LLC now owns 438 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 241 shares in the last quarter. Finally, Accredited Wealth Management LLC grew its position in shares of ONEOK by 342.5% during the 3rd quarter. Accredited Wealth Management LLC now owns 500 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 387 shares in the last quarter. Institutional investors own 69.13% of the company’s stock.

ONEOK Stock Performance

Shares of ONEOK stock opened at $89.18 on Friday. The firm’s 50-day moving average is $88.32 and its 200 day moving average is $83.55. The stock has a market cap of $56.20 billion, a price-to-earnings ratio of 15.90, a PEG ratio of 6.67 and a beta of 0.74. ONEOK, Inc. has a 1 year low of $64.02 and a 1 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.

ONEOK (NYSE:OKE) last announced its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $1.23 earnings per share 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 firm had revenue of $9.62 billion for the quarter, compared to the consensus estimate of $8.23 billion. During the same period last year, the business earned $1.04 EPS. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. Sell-side analysts anticipate that ONEOK, Inc. will post 5.72 EPS for the current fiscal year.

ONEOK Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 4th were given 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 4.8%. ONEOK’s dividend payout ratio (DPR) is 76.29%.

Analyst Ratings Changes

Several research analysts recently weighed in on OKE shares. Royal Bank Of Canada upped their price objective on shares of ONEOK from $79.00 to $84.00 and gave the stock a “sector perform” rating in a research report on Thursday, March 19th. Wall Street Zen upgraded ONEOK from a “sell” rating to a “hold” rating in a report on Tuesday, May 26th. Weiss Ratings raised shares of ONEOK from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 18th. Raymond James Financial reiterated an “outperform” rating and issued a $92.00 price objective on shares of ONEOK in a research report on Thursday, April 30th. Finally, Truist Financial boosted their price target on shares of ONEOK from $91.00 to $93.00 and gave the company a “hold” rating in a research report on Monday, May 4th. Eight investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $91.88.

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.