Talon Private Wealth LLC Acquires 5,455 Shares of ONEOK, Inc. $OKE

Talon Private Wealth LLC boosted its holdings in shares of ONEOK, Inc. (NYSE:OKE) by 27.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 25,136 shares of the utilities provider’s stock after purchasing an additional 5,455 shares during the quarter. Talon Private Wealth LLC’s holdings in ONEOK were worth $2,185,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in OKE. California State Teachers Retirement System boosted its position in shares of ONEOK by 6,935.8% in the second quarter. California State Teachers Retirement System now owns 119,843,399 shares of the utilities provider’s stock valued at $10,419,185,000 after acquiring an additional 118,140,062 shares during the period. Capital International Investors bought a new position in ONEOK during the fourth quarter worth $586,500,000. Norges Bank acquired a new position in ONEOK during the 4th quarter valued at $564,867,000. BlackRock Inc. raised its stake in ONEOK by 8.7% during the 2nd quarter. BlackRock Inc. now owns 64,537,467 shares of the utilities provider’s stock valued at $5,610,887,000 after purchasing an additional 5,148,768 shares during the last quarter. Finally, Legal & General Group Plc bought a new stake in ONEOK in the 2nd quarter valued at $389,985,000. Institutional investors and hedge funds own 69.13% of the company’s stock.

ONEOK Stock Performance

ONEOK stock traded up $1.00 on Friday, hitting $96.72. The company’s stock had a trading volume of 2,810,633 shares, compared to its average volume of 4,287,625. ONEOK, Inc. has a one year low of $64.02 and a one year high of $99.85. The firm has a market cap of $60.97 billion, a P/E ratio of 16.68, a price-to-earnings-growth ratio of 2.72 and a beta of 0.74. The company has a quick ratio of 0.59, a current ratio of 0.74 and a debt-to-equity ratio of 1.34. The company has a fifty day moving average price of $92.38 and a 200-day moving average price of $89.40.

ONEOK (NYSE:OKE) last released its quarterly earnings data on Monday, August 3rd. The utilities provider reported $1.53 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.07. ONEOK had a net margin of 9.29% and a return on equity of 16.41%. The company had revenue of $12.05 billion during the quarter, compared to the consensus estimate 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. On average, equities analysts anticipate that ONEOK, Inc. will post 5.74 earnings per share for the current year.

ONEOK Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Monday, August 3rd were issued a dividend of $1.07 per share. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $4.28 dividend on an annualized basis and a dividend yield of 4.4%. ONEOK’s dividend payout ratio (DPR) is presently 73.79%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on OKE shares. US Capital Advisors downgraded shares of ONEOK from a “strong-buy” rating to a “moderate buy” rating in a report on Thursday, August 20th. Scotiabank increased their target price on shares of ONEOK from $89.00 to $95.00 and gave the company a “sector perform” rating in a research note on Tuesday, September 1st. Royal Bank Of Canada lifted their target price on ONEOK from $84.00 to $90.00 and gave the stock a “sector perform” rating in a research report on Tuesday, July 21st. Morgan Stanley boosted their price target on ONEOK from $105.00 to $112.00 and gave the company an “equal weight” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. upped their price target on ONEOK from $95.00 to $106.00 and gave the company a “neutral” rating in a report on Tuesday, September 1st. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat, ONEOK currently has an average rating of “Hold” and an average price target of $96.06.

ONEOK Profile

ONEOK, Inc (NYSE: OKE) is an energy infrastructure company that gathers, processes, stores and transports natural gas and natural gas liquids (NGLs). Its operations connect production areas with domestic and international markets through pipelines, processing facilities, fractionation plants, storage assets and export infrastructure.

The company’s services include natural gas gathering and processing, interstate and intrastate natural gas transportation and storage, and the gathering, fractionation, storage and transportation of NGLs such as ethane, propane, normal butane, isobutane and natural gasoline.