D.A. Davidson & CO. Has $15.99 Million Stock Holdings in ONEOK, Inc. $OKE

D.A. Davidson & CO. increased its position in shares of ONEOK, Inc. (NYSE:OKE) by 62.5% during the 1st quarter, HoldingsChannel.com reports. The fund owned 176,948 shares of the utilities provider’s stock after purchasing an additional 68,046 shares during the period. D.A. Davidson & CO.’s holdings in ONEOK were worth $15,994,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Zions Bancorporation National Association UT lifted its stake in ONEOK by 73.3% during the fourth quarter. Zions Bancorporation National Association UT now owns 338 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 143 shares during the last quarter. Elyxium Wealth LLC bought a new position in shares of ONEOK in the 4th quarter valued at $29,000. Cornerstone Financial Management LLC bought a new position in shares of ONEOK in the 4th quarter valued at $29,000. SRH Advisors LLC lifted 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 buying an additional 241 shares during the last quarter. Finally, Portus Wealth Advisors LLC bought a new stake in shares of ONEOK during the 1st quarter worth $33,000. 69.13% of the stock is currently owned by institutional investors and hedge funds.

ONEOK Trading Up 2.0%

NYSE OKE opened at $92.86 on Friday. The company has a quick ratio of 0.56, a current ratio of 0.71 and a debt-to-equity ratio of 1.37. ONEOK, Inc. has a twelve month low of $64.02 and a twelve month high of $96.07. The company has a market cap of $58.52 billion, a price-to-earnings ratio of 16.55, a price-to-earnings-growth ratio of 6.80 and a beta of 0.73. The business’s fifty day moving average is $89.01 and its 200 day moving average is $85.24.

ONEOK (NYSE:OKE) last issued 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). The firm 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 quarter in the prior year, the firm earned $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 company also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Monday, August 3rd will be issued a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a dividend yield of 4.6%. The ex-dividend date is Monday, August 3rd. ONEOK’s payout ratio is 76.29%.

Analyst Ratings Changes

Several analysts recently weighed in on OKE shares. Freedom Capital raised ONEOK from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 5th. TD Cowen boosted their target price on ONEOK from $85.00 to $90.00 and gave the stock a “hold” rating in a research note on Thursday. Truist Financial increased their target price on shares of ONEOK from $91.00 to $93.00 and gave the stock a “hold” rating in a report on Monday, May 4th. Wells Fargo & Company reduced their price target on shares of ONEOK from $100.00 to $98.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Finally, Wall Street Zen raised shares of ONEOK from a “sell” rating to a “hold” rating in a report on Tuesday, May 26th. Eight research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat, ONEOK has a consensus rating of “Hold” and a consensus target price of $92.06.

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.