Catalyst Capital Advisors LLC Decreases Stake in ONEOK, Inc. $OKE

Catalyst Capital Advisors LLC reduced its stake in shares of ONEOK, Inc. (NYSE:OKE) by 14.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 208,333 shares of the utilities provider’s stock after selling 36,384 shares during the period. Catalyst Capital Advisors LLC’s holdings in ONEOK were worth $15,312,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Norges Bank acquired a new position in shares of ONEOK during the 4th quarter worth $564,867,000. First Eagle Investment Management LLC raised its stake in shares of ONEOK by 46.3% during the 4th quarter. First Eagle Investment Management LLC now owns 11,365,304 shares of the utilities provider’s stock worth $835,350,000 after buying an additional 3,596,089 shares during the last quarter. Danske Bank A S raised its stake in shares of ONEOK by 3,538.4% during the 4th quarter. Danske Bank A S now owns 1,691,433 shares of the utilities provider’s stock worth $124,320,000 after buying an additional 1,644,945 shares during the last quarter. Man Group plc raised its stake in shares of ONEOK by 292.1% during the 2nd quarter. Man Group plc now owns 1,558,993 shares of the utilities provider’s stock worth $127,261,000 after buying an additional 1,161,352 shares during the last quarter. Finally, Swiss Life Asset Management Ltd raised its stake in shares of ONEOK by 219.5% during the 4th quarter. Swiss Life Asset Management Ltd now owns 1,522,404 shares of the utilities provider’s stock worth $111,897,000 after buying an additional 1,045,976 shares during the last quarter. 69.13% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on OKE shares. Morgan Stanley lifted their price target on ONEOK from $104.00 to $113.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 7th. Barclays lifted their price target on ONEOK from $82.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 30th. Jefferies Financial Group lifted their price target on ONEOK from $98.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, April 8th. Mizuho set a $89.00 price target on ONEOK in a research note on Monday, February 23rd. Finally, Scotiabank downgraded ONEOK from a “sector outperform” rating to a “sector perform” rating and cut their price target for the stock from $92.00 to $89.00 in a research note on Thursday, April 30th. Eight investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $91.88.

ONEOK Trading Down 3.4%

Shares of OKE stock opened at $84.05 on Friday. The firm has a 50-day moving average price of $88.85 and a 200 day moving average price of $81.26. ONEOK, Inc. has a twelve month low of $64.02 and a twelve month high of $96.07. The company has a market capitalization of $52.95 billion, a price-to-earnings ratio of 14.98, a PEG ratio of 6.46 and a beta of 0.78. The company has a current ratio of 0.71, a quick ratio of 0.56 and a debt-to-equity ratio of 1.37.

ONEOK (NYSE:OKE) last announced its 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 during the quarter, compared to analyst estimates of $8.23 billion. During the same period in the previous year, the firm posted $1.04 EPS. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. Research analysts forecast that ONEOK, Inc. will post 5.76 earnings per share for the current fiscal year.

ONEOK Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 4th were paid a $1.07 dividend. The ex-dividend date of this dividend was Monday, May 4th. This represents a $4.28 annualized dividend and a yield of 5.1%. ONEOK’s payout ratio is presently 76.29%.

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.