Corient Private Wealth LLC Sells 13,827 Shares of ONEOK, Inc. $OKE

Corient Private Wealth LLC decreased its position in shares of ONEOK, Inc. (NYSE:OKE) by 6.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 201,510 shares of the utilities provider’s stock after selling 13,827 shares during the quarter. Corient Private Wealth LLC’s holdings in ONEOK were worth $14,824,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Capital International Investors purchased a new stake in ONEOK in the 4th quarter worth $586,500,000. Norges Bank bought a new position in shares of ONEOK in the fourth quarter worth about $564,867,000. First Eagle Investment Management LLC boosted its stake in shares of ONEOK by 46.3% in the fourth quarter. First Eagle Investment Management LLC now owns 11,365,304 shares of the utilities provider’s stock worth $835,350,000 after acquiring an additional 3,596,089 shares during the period. Danske Bank A S grew its position in shares of ONEOK by 3,538.4% during the fourth quarter. Danske Bank A S now owns 1,691,433 shares of the utilities provider’s stock worth $124,320,000 after purchasing an additional 1,644,945 shares in the last quarter. Finally, Man Group plc grew its position in shares of ONEOK by 292.1% during the second quarter. Man Group plc now owns 1,558,993 shares of the utilities provider’s stock worth $127,261,000 after purchasing an additional 1,161,352 shares in the last quarter. Institutional investors own 69.13% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on OKE shares. Wells Fargo & Company lowered their price target on ONEOK from $100.00 to $98.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Freedom Capital raised shares of ONEOK from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 5th. Citigroup lifted their price objective on shares of ONEOK from $95.00 to $97.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Weiss Ratings raised shares of ONEOK from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 18th. Finally, Raymond James Financial restated an “outperform” rating and set a $92.00 target price on shares of ONEOK in a research report on Thursday, April 30th. Eight 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 currently has an average rating of “Hold” and a consensus target price of $91.88.

ONEOK Price Performance

NYSE:OKE opened at $88.02 on Wednesday. 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 capitalization of $55.46 billion, a P/E ratio of 15.69, a P/E/G ratio of 6.45 and a beta of 0.74. ONEOK, Inc. has a 12 month low of $64.02 and a 12 month high of $96.07. The business’s 50-day moving average is $88.09 and its 200 day moving average is $83.34.

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

ONEOK Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 4th were given a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date was Monday, May 4th. ONEOK’s dividend payout ratio is currently 76.29%.

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.