ONEOK, Inc. $OKE Shares Acquired by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC grew its holdings in shares of ONEOK, Inc. (NYSE:OKE) by 66.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,960 shares of the utilities provider’s stock after purchasing an additional 6,381 shares during the period. Transcend Capital Advisors LLC’s holdings in ONEOK were worth $1,388,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in OKE. Triune Financial Partners LLC acquired a new stake in shares of ONEOK during the fourth quarter worth $1,151,000. Swiss Life Asset Management Ltd increased its position in shares of ONEOK by 219.5% in the 4th quarter. Swiss Life Asset Management Ltd now owns 1,522,404 shares of the utilities provider’s stock valued at $111,897,000 after acquiring an additional 1,045,976 shares during the period. Castle Rock Wealth Management LLC increased its position in shares of ONEOK by 360.0% in the 4th quarter. Castle Rock Wealth Management LLC now owns 36,216 shares of the utilities provider’s stock valued at $2,815,000 after acquiring an additional 28,343 shares during the period. First Eagle Investment Management LLC raised its stake 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 acquiring an additional 3,596,089 shares during the last quarter. Finally, Torray Investment Partners LLC purchased a new position in ONEOK in the 4th quarter worth $19,109,000. Institutional investors and hedge funds own 69.13% of the company’s stock.

Wall Street Analysts Forecast Growth

OKE has been the topic of several research analyst reports. Barclays dropped their price target on ONEOK from $90.00 to $88.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 8th. TD Cowen raised their price objective on ONEOK from $85.00 to $90.00 and gave the stock a “hold” rating in a research note on Thursday, July 16th. Freedom Capital raised ONEOK from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 5th. Weiss Ratings upgraded ONEOK from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, May 18th. Finally, Wall Street Zen upgraded shares of ONEOK from a “sell” rating to a “hold” rating in a report on Sunday, August 9th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, ONEOK currently has a consensus rating of “Moderate Buy” and an average target price of $91.81.

ONEOK Trading Up 2.5%

Shares of ONEOK stock opened at $94.99 on Friday. The firm has a 50-day simple moving average of $89.48 and a two-hundred day simple moving average of $87.61. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.59 and a current ratio of 0.74. ONEOK, Inc. has a fifty-two week low of $64.02 and a fifty-two week high of $96.07. The company has a market cap of $59.88 billion, a P/E ratio of 16.38, a price-to-earnings-growth ratio of 4.83 and a beta of 0.73.

ONEOK (NYSE:OKE) last posted its earnings results on Monday, August 3rd. The utilities provider reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.07. ONEOK had a return on equity of 16.41% and a net margin of 9.29%.The firm had revenue of $12.05 billion for the quarter, compared to analysts’ expectations of $8.95 billion. During the same period last year, the firm earned $1.34 EPS. ONEOK has set its FY 2026 guidance at 5.680-5.680 EPS. As a group, equities analysts predict that ONEOK, Inc. will post 5.87 earnings per share for the current fiscal year.

ONEOK Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Monday, August 3rd were given a dividend of $1.07 per share. The ex-dividend date was Monday, August 3rd. This represents a $4.28 dividend on an annualized basis and a yield of 4.5%. ONEOK’s dividend payout ratio is currently 73.79%.

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.