ONEOK, Inc. $OKE Stock Holdings Lessened by Kentucky Retirement Systems

Kentucky Retirement Systems reduced its stake in shares of ONEOK, Inc. (NYSE:OKE) by 56.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 17,031 shares of the utilities provider’s stock after selling 22,203 shares during the quarter. Kentucky Retirement Systems’ holdings in ONEOK were worth $1,539,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Clearstead Trust LLC lifted its position in ONEOK by 4.7% in the 1st quarter. Clearstead Trust LLC now owns 2,632 shares of the utilities provider’s stock worth $238,000 after buying an additional 117 shares in the last quarter. Hoxton Planning & Management LLC grew its holdings in shares of ONEOK by 2.3% during the 4th quarter. Hoxton Planning & Management LLC now owns 5,372 shares of the utilities provider’s stock valued at $395,000 after acquiring an additional 120 shares in the last quarter. Welch Group LLC grew its holdings in shares of ONEOK by 0.8% during the 1st quarter. Welch Group LLC now owns 14,859 shares of the utilities provider’s stock valued at $1,343,000 after acquiring an additional 122 shares in the last quarter. Disciplined Investments LLC increased its stake in shares of ONEOK by 0.6% in the fourth quarter. Disciplined Investments LLC now owns 21,577 shares of the utilities provider’s stock worth $1,586,000 after acquiring an additional 125 shares during the last quarter. Finally, Meeder Asset Management Inc. increased its stake in shares of ONEOK by 46.0% in the first quarter. Meeder Asset Management Inc. now owns 400 shares of the utilities provider’s stock worth $36,000 after acquiring an additional 126 shares during the last quarter. 69.13% of the stock is owned by hedge funds and other institutional investors.

ONEOK Stock Up 2.0%

ONEOK stock opened at $90.83 on Friday. The company has a current ratio of 0.71, a quick ratio of 0.56 and a debt-to-equity ratio of 1.37. ONEOK, Inc. has a 1-year low of $64.02 and a 1-year high of $96.07. The firm’s fifty day simple moving average is $89.09 and its 200-day simple moving average is $86.58. The company has a market capitalization of $57.24 billion, a P/E ratio of 16.19, a P/E/G ratio of 4.84 and a beta of 0.73.

ONEOK (NYSE:OKE) last issued 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). The business had revenue of $9.62 billion during 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 quarter in the prior year, the company posted $1.04 earnings per share. Sell-side analysts forecast that ONEOK, Inc. will post 5.63 earnings per share for the current fiscal year.

ONEOK Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Monday, August 3rd will be given a $1.07 dividend. The ex-dividend date of this dividend is Monday, August 3rd. This represents a $4.28 dividend on an annualized basis and a dividend yield of 4.7%. ONEOK’s payout ratio is currently 76.29%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Citigroup lifted their price objective on ONEOK from $95.00 to $97.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Jefferies Financial Group upped their target price on ONEOK from $98.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, April 8th. Truist Financial raised their price target on ONEOK from $91.00 to $93.00 and gave the stock a “hold” rating in a research note on Monday, May 4th. Scotiabank lowered ONEOK from a “sector outperform” rating to a “sector perform” rating and reduced their price target for the company from $92.00 to $89.00 in a report on Thursday, April 30th. Finally, Weiss Ratings raised ONEOK from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 18th. Seven research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $91.81.

Key Stories Impacting ONEOK

Here are the key news stories impacting ONEOK this week:

• Positive Sentiment: US Capital Advisors raised its EPS forecasts for several future periods, including Q3 2026 to $1.45 from $1.43, FY2027 to $6.12 from $6.03, and FY2028 to $6.97 from $6.88. The revisions suggest improving expectations for ONEOK’s earnings growth beyond the upcoming quarter. US Capital Advisors earnings estimates
• Positive Sentiment: Analysts’ earnings preview highlights rising natural-gas demand, stronger processing volumes and ONEOK’s fee-based revenue model as potential supports for second-quarter performance and longer-term cash-flow stability. ONEOK Gears Up to Report Q2 Earnings: What to Expect From the Stock?
• Neutral Sentiment: Second-quarter earnings are the main near-term catalyst. Investors will focus on revenue, volumes, fee-based earnings and management’s outlook for growth when ONEOK reports. ONEOK Q2 2026 earnings preview: Investors weigh growth outlook
• Negative Sentiment: US Capital Advisors reduced its Q2 2026 EPS estimate to $1.43 from $1.46, indicating some pressure on expectations for the imminent report. The estimate remains below the firm’s longer-term outlook revisions. ONEOK Q2 earnings estimate revision
• Negative Sentiment: Morgan Stanley downgraded ONEOK over growth concerns and said it preferred Targa Resources, creating a relative-performance and valuation overhang for OKE despite its more defensive, fee-based business mix. ONEOK cut at Morgan Stanley on growth concerns

ONEOK 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.