Advisors Management Group Inc. ADV Decreases Stock Holdings in ONEOK, Inc. $OKE

Advisors Management Group Inc. ADV lowered its stake in ONEOK, Inc. (NYSE:OKE) by 17.3% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 59,347 shares of the utilities provider’s stock after selling 12,378 shares during the quarter. ONEOK accounts for about 1.0% of Advisors Management Group Inc. ADV’s portfolio, making the stock its 27th biggest holding. Advisors Management Group Inc. ADV’s holdings in ONEOK were worth $5,364,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in OKE. Zions Bancorporation National Association UT lifted its holdings in ONEOK by 73.3% during the fourth quarter. Zions Bancorporation National Association UT now owns 338 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 143 shares in the last quarter. Elyxium Wealth LLC acquired a new stake in shares of ONEOK in the fourth quarter valued at about $29,000. Cornerstone Financial Management LLC purchased a new stake in shares of ONEOK during the fourth quarter worth about $29,000. SRH Advisors LLC raised its position in shares of ONEOK by 122.3% during the 4th 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 last quarter. Finally, Portus Wealth Advisors LLC acquired a new position in shares of ONEOK during the 1st quarter worth about $33,000. Hedge funds and other institutional investors own 69.13% of the company’s stock.

ONEOK Stock Performance

OKE opened at $89.90 on Friday. ONEOK, Inc. has a twelve month low of $64.02 and a twelve month high of $96.07. The firm has a market capitalization of $56.65 billion, a PE ratio of 16.03, a PEG ratio of 6.69 and a beta of 0.73. The company has a current ratio of 0.71, a quick ratio of 0.56 and a debt-to-equity ratio of 1.37. The firm’s 50-day moving average price is $88.73 and its 200 day moving average price is $84.63.

ONEOK (NYSE:OKE) last released its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $1.23 EPS for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $8.23 billion. During the same quarter in the previous year, the company posted $1.04 EPS. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. As a group, sell-side analysts expect that ONEOK, Inc. will post 5.72 EPS for the current fiscal year.

ONEOK Dividend Announcement

The business 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 was Monday, May 4th. This represents a $4.28 dividend on an annualized basis and a yield of 4.8%. ONEOK’s dividend payout ratio (DPR) is presently 76.29%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on OKE. Royal Bank Of Canada raised their price target on shares of ONEOK from $79.00 to $84.00 and gave the company a “sector perform” rating in a research note on Thursday, March 19th. Scotiabank cut ONEOK from a “sector outperform” rating to a “sector perform” rating and reduced their target price for the company from $92.00 to $89.00 in a report on Thursday, April 30th. Freedom Capital upgraded ONEOK from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th. Barclays lowered their price target on ONEOK from $90.00 to $88.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Finally, Jefferies Financial Group boosted their price target on ONEOK from $98.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, April 8th. Eight equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $91.75.

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.