Corient Private Wealth LLC Sells 13,827 Shares of ONEOK, Inc. $OKE

Corient Private Wealth LLC cut its holdings in ONEOK, Inc. (NYSE:OKE) by 6.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 201,510 shares of the utilities provider’s stock after selling 13,827 shares during the period. Corient Private Wealth LLC’s holdings in ONEOK were worth $14,824,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Brighton Securities CORP. raised its position in ONEOK by 58.4% during the fourth quarter. Brighton Securities CORP. now owns 5,355 shares of the utilities provider’s stock valued at $394,000 after purchasing an additional 1,975 shares during the period. Worthington Financial Partners LLC purchased a new position in shares of ONEOK in the 4th quarter worth approximately $220,000. Pure Financial Advisors LLC increased its position in shares of ONEOK by 6.7% during the 4th quarter. Pure Financial Advisors LLC now owns 6,810 shares of the utilities provider’s stock valued at $501,000 after purchasing an additional 428 shares during the last quarter. SHP Wealth Management bought a new position in shares of ONEOK during the 4th quarter valued at approximately $87,000. Finally, Tulsa Wealth Advisors INC purchased a new stake in ONEOK during the 4th quarter valued at $7,045,000. 69.13% of the stock is currently owned by hedge funds and other institutional investors.

ONEOK Trading Up 2.0%

Shares of NYSE OKE opened at $88.02 on Wednesday. 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 business’s 50 day moving average price is $88.09 and its 200-day moving average price is $83.34. 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 $55.46 billion, a price-to-earnings ratio of 15.69, a PEG ratio of 6.45 and a beta of 0.74.

ONEOK (NYSE:OKE) last posted its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $1.23 earnings per share (EPS) 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 business had revenue of $9.62 billion for the quarter, compared to analysts’ expectations of $8.23 billion. During the same quarter in the previous year, the firm earned $1.04 EPS. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. On average, sell-side analysts expect that ONEOK, Inc. will post 5.72 earnings per share for the current year.

ONEOK Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 4th were given a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a dividend yield of 4.9%. The ex-dividend date was Monday, May 4th. ONEOK’s dividend payout ratio (DPR) is 76.29%.

Analyst Ratings Changes

OKE has been the subject of a number of analyst reports. Jefferies Financial Group raised their price target on ONEOK from $98.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, April 8th. Wolfe Research cut shares of ONEOK from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, February 25th. Citigroup increased their target price on shares of ONEOK from $95.00 to $97.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Weiss Ratings upgraded shares of ONEOK from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 18th. Finally, Wells Fargo & Company dropped their price target on shares of ONEOK from $100.00 to $98.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. Eight analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, ONEOK currently has an average rating of “Hold” and a consensus price target of $91.88.

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.