ONEOK, Inc. $OKE Stock Holdings Increased by Glenview Trust Co

Glenview Trust Co raised its stake in ONEOK, Inc. (NYSE:OKE) by 30.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 34,238 shares of the utilities provider’s stock after buying an additional 7,924 shares during the quarter. Glenview Trust Co’s holdings in ONEOK were worth $3,095,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Capital International Investors acquired a new position in shares of ONEOK in the fourth quarter worth $586,500,000. Norges Bank purchased a new position in ONEOK in the fourth quarter valued at about $564,867,000. First Eagle Investment Management LLC increased its position in ONEOK by 46.3% in 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 purchasing 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 purchasing an additional 1,644,945 shares in the last quarter. Finally, Man Group plc lifted its holdings 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 valued at $127,261,000 after buying an additional 1,161,352 shares during the last quarter. Hedge funds and other institutional investors own 69.13% of the company’s stock.

ONEOK Price Performance

ONEOK stock opened at $91.84 on Wednesday. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.71 and a quick ratio of 0.56. The company has a market capitalization of $57.87 billion, a PE ratio of 16.37, a price-to-earnings-growth ratio of 5.03 and a beta of 0.73. ONEOK, Inc. has a one year low of $64.02 and a one year high of $96.07. The business has a 50 day simple moving average of $89.36 and a 200 day simple moving average of $85.65.

ONEOK (NYSE:OKE) last announced its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $8.23 billion. During the same quarter last year, the company earned $1.04 earnings per share. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. On average, sell-side analysts forecast that ONEOK, Inc. will post 5.68 EPS for the current fiscal year.

ONEOK Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Monday, August 3rd will be issued a $1.07 dividend. The ex-dividend date of this dividend is Monday, August 3rd. This represents a $4.28 annualized dividend and a dividend yield of 4.7%. ONEOK’s dividend payout ratio is presently 76.29%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. TD Cowen increased their price objective on ONEOK from $85.00 to $90.00 and gave the stock a “hold” rating in a report on Thursday, July 16th. JPMorgan Chase & Co. raised their price target on shares of ONEOK from $91.00 to $92.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Scotiabank cut shares of ONEOK from a “sector outperform” rating to a “sector perform” rating and decreased their price objective for the stock from $92.00 to $89.00 in a report on Thursday, April 30th. Citigroup upped their target price on ONEOK from $95.00 to $97.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Finally, Barclays cut their price target on ONEOK from $90.00 to $88.00 and set an “equal weight” rating for the company in a report on Wednesday, July 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 data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $92.44.

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.