Seneca House Advisors Trims Position in ONEOK, Inc. $OKE

Seneca House Advisors cut its holdings in shares of ONEOK, Inc. (NYSE:OKE) by 35.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 57,593 shares of the utilities provider’s stock after selling 30,944 shares during the period. ONEOK accounts for 1.6% of Seneca House Advisors’ portfolio, making the stock its 21st biggest position. Seneca House Advisors’ holdings in ONEOK were worth $4,233,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in OKE. Capital International Investors purchased a new position in shares of ONEOK during the fourth quarter valued at approximately $586,500,000. Norges Bank purchased a new position in shares of ONEOK during the fourth quarter valued at approximately $564,867,000. First Eagle Investment Management LLC increased its stake in shares of ONEOK by 46.3% during the fourth quarter. First Eagle Investment Management LLC now owns 11,365,304 shares of the utilities provider’s stock valued at $835,350,000 after buying an additional 3,596,089 shares during the period. Danske Bank A S increased its stake 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 valued at $124,320,000 after buying an additional 1,644,945 shares during the period. Finally, Man Group plc increased its stake 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 valued at $127,261,000 after buying an additional 1,161,352 shares during the period. 69.13% of the stock is owned by hedge funds and other institutional investors.

ONEOK Stock Down 1.4%

Shares of NYSE:OKE opened at $86.22 on Wednesday. ONEOK, Inc. has a 52-week low of $64.02 and a 52-week high of $96.07. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.56 and a current ratio of 0.71. The firm has a market capitalization of $54.32 billion, a P/E ratio of 15.37, a P/E/G ratio of 6.54 and a beta of 0.74. The stock has a 50 day moving average price of $88.25 and a 200-day moving average price of $82.88.

ONEOK (NYSE:OKE) last posted its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $1.23 earnings per share 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 company 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. As a group, equities research analysts anticipate that ONEOK, Inc. will post 5.72 EPS for the current fiscal year.

ONEOK Announces Dividend

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. This represents a $4.28 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date of this dividend was Monday, May 4th. ONEOK’s dividend payout ratio (DPR) is 76.29%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on OKE shares. Jefferies Financial Group boosted their target price on ONEOK from $98.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, April 8th. Scotiabank lowered ONEOK from a “sector outperform” rating to a “sector perform” rating and decreased their target price for the stock from $92.00 to $89.00 in a research report on Thursday, April 30th. Freedom Capital raised ONEOK from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th. Mizuho set a $89.00 target price on ONEOK in a research report on Monday, February 23rd. Finally, JPMorgan Chase & Co. increased their target price on ONEOK from $91.00 to $92.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Eight equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $91.88.

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.