Cumberland Partners Ltd Has $1.52 Million Holdings in ONEOK, Inc. $OKE

Cumberland Partners Ltd cut its position in shares of ONEOK, Inc. (NYSE:OKE) by 28.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,790 shares of the utilities provider’s stock after selling 6,780 shares during the period. Cumberland Partners Ltd’s holdings in ONEOK were worth $1,518,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Epoch Investment Partners Inc. raised its stake in shares of ONEOK by 12.2% in the 1st quarter. Epoch Investment Partners Inc. now owns 573,729 shares of the utilities provider’s stock valued at $51,859,000 after buying an additional 62,240 shares in the last quarter. Bridgewater Advisors Inc. lifted its holdings in shares of ONEOK by 5.9% during the 1st quarter. Bridgewater Advisors Inc. now owns 4,064 shares of the utilities provider’s stock worth $367,000 after acquiring an additional 228 shares during the period. Dai ichi Life Insurance Company Ltd boosted its position in shares of ONEOK by 65.9% during the 1st quarter. Dai ichi Life Insurance Company Ltd now owns 26,412 shares of the utilities provider’s stock valued at $2,387,000 after acquiring an additional 10,492 shares in the last quarter. Bollard Group LLC increased its stake in ONEOK by 15.1% in the first quarter. Bollard Group LLC now owns 721,832 shares of the utilities provider’s stock valued at $65,247,000 after acquiring an additional 94,617 shares during the period. Finally, Gabelli Funds LLC increased its stake in ONEOK by 0.9% in the first quarter. Gabelli Funds LLC now owns 846,675 shares of the utilities provider’s stock valued at $76,531,000 after acquiring an additional 7,175 shares during the period. 69.13% of the stock is owned by institutional investors.

ONEOK Trading Down 0.1%

Shares of OKE stock opened at $93.13 on Friday. The company has a market capitalization of $58.69 billion, a P/E ratio of 16.60, a P/E/G ratio of 5.02 and a beta of 0.73. ONEOK, Inc. has a 12-month low of $64.02 and a 12-month high of $96.07. The company has a quick ratio of 0.56, a current ratio of 0.71 and a debt-to-equity ratio of 1.37. The firm has a 50-day moving average price of $89.48 and a 200 day moving average price of $85.96.

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 the consensus estimate 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 period in the prior year, the company posted $1.04 earnings per share. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. Research analysts forecast that ONEOK, Inc. will post 5.68 earnings per share for the current fiscal year.

ONEOK Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Monday, August 3rd will be given a dividend of $1.07 per share. The ex-dividend date is Monday, August 3rd. This represents a $4.28 dividend on an annualized basis and a yield of 4.6%. ONEOK’s dividend payout ratio is 76.29%.

Analyst Ratings Changes

OKE has been the subject of a number of analyst reports. Truist Financial raised their price target on shares of ONEOK from $91.00 to $93.00 and gave the stock a “hold” rating in a research note on Monday, May 4th. Morgan Stanley upped their price objective on ONEOK from $104.00 to $113.00 and gave the company an “overweight” rating in a research note on Tuesday, April 7th. TD Cowen increased their target price on ONEOK from $85.00 to $90.00 and gave the stock a “hold” rating in a report on Thursday, July 16th. Weiss Ratings upgraded ONEOK from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, May 18th. Finally, JPMorgan Chase & Co. boosted their price target on ONEOK from $91.00 to $92.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Eight equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, ONEOK has a consensus rating of “Hold” and a consensus price target of $92.44.

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.