Citizens National Bank Trust Department Buys 6,516 Shares of ONEOK, Inc. $OKE

Citizens National Bank Trust Department raised its stake in ONEOK, Inc. (NYSE:OKE) by 89.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 13,780 shares of the utilities provider’s stock after buying an additional 6,516 shares during the period. Citizens National Bank Trust Department’s holdings in ONEOK were worth $1,246,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Hoxton Planning & Management LLC raised its holdings in ONEOK by 2.3% during the 4th quarter. Hoxton Planning & Management LLC now owns 5,372 shares of the utilities provider’s stock worth $395,000 after purchasing an additional 120 shares during the last quarter. Welch Group LLC boosted its stake in shares of ONEOK by 0.8% in the 1st quarter. Welch Group LLC now owns 14,859 shares of the utilities provider’s stock valued at $1,343,000 after purchasing an additional 122 shares during the last quarter. Disciplined Investments LLC boosted its stake in shares of ONEOK by 0.6% in the 4th quarter. Disciplined Investments LLC now owns 21,577 shares of the utilities provider’s stock valued at $1,586,000 after purchasing an additional 125 shares during the last quarter. TCV Trust & Wealth Management Inc. increased its position in shares of ONEOK by 4.2% during the fourth quarter. TCV Trust & Wealth Management Inc. now owns 3,290 shares of the utilities provider’s stock worth $242,000 after buying an additional 133 shares during the period. Finally, Fruth Investment Management increased its position in shares of ONEOK by 0.7% during the first quarter. Fruth Investment Management now owns 20,015 shares of the utilities provider’s stock worth $1,809,000 after buying an additional 133 shares during the period. 69.13% of the stock is currently owned by institutional investors.

ONEOK Trading Down 0.0%

OKE opened at $89.90 on Monday. ONEOK, Inc. has a 1-year low of $64.02 and a 1-year high of $96.07. 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 company has a market cap of $56.65 billion, a P/E ratio of 16.03, a price-to-earnings-growth ratio of 6.72 and a beta of 0.73. The company has a fifty day moving average price of $88.73 and a two-hundred day moving average price of $84.71.

ONEOK (NYSE:OKE) last released its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $1.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.07). The company had revenue of $9.62 billion for the quarter, compared to the consensus estimate of $8.23 billion. ONEOK had a return on equity of 16.06% and a net margin of 10.03%.During the same period last year, the company earned $1.04 EPS. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. Analysts predict that ONEOK, Inc. will post 5.72 EPS for the current fiscal year.

ONEOK Dividend Announcement

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 4.8%. The ex-dividend date of this dividend was Monday, May 4th. ONEOK’s dividend payout ratio (DPR) is 76.29%.

Analyst Ratings Changes

Several research firms recently issued reports on OKE. Barclays dropped their target price on shares of ONEOK from $90.00 to $88.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 8th. Wells Fargo & Company lowered their price objective on ONEOK from $100.00 to $98.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Morgan Stanley boosted their price objective on ONEOK from $104.00 to $113.00 and gave the company an “overweight” rating in a research note on Tuesday, April 7th. Truist Financial upped their target price on ONEOK from $91.00 to $93.00 and gave the company a “hold” rating in a research report on Monday, May 4th. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $92.00 target price on shares of ONEOK in a research note on Thursday, April 30th. Eight research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $91.75.

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.