Czech National Bank Has $15.59 Million Stake in ONEOK, Inc. $OKE

Czech National Bank lifted its position in shares of ONEOK, Inc. (NYSE:OKE) by 4.6% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 179,332 shares of the utilities provider’s stock after purchasing an additional 7,963 shares during the quarter. Czech National Bank’s holdings in ONEOK were worth $15,591,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Zions Bancorporation National Association UT raised its position in ONEOK by 73.3% in the 4th quarter. Zions Bancorporation National Association UT now owns 338 shares of the utilities provider’s stock valued at $25,000 after buying an additional 143 shares during the last quarter. Elyxium Wealth LLC bought a new stake in ONEOK in the 4th quarter valued at approximately $29,000. Cornerstone Financial Management LLC acquired a new position in ONEOK during the 4th quarter worth approximately $29,000. Portus Wealth Advisors LLC acquired a new position in ONEOK during the 1st quarter worth approximately $33,000. Finally, Wilkerson Advisory Group LLC grew its stake in shares of ONEOK by 51.4% during the 1st quarter. Wilkerson Advisory Group LLC now owns 392 shares of the utilities provider’s stock worth $35,000 after acquiring an additional 133 shares in the last quarter. 69.13% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on OKE. Wells Fargo & Company lowered their price objective on shares of ONEOK from $100.00 to $98.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Morgan Stanley restated an “equal weight” rating and set a $103.00 target price (down from $113.00) on shares of ONEOK in a report on Wednesday, July 29th. Wall Street Zen raised shares of ONEOK from a “sell” rating to a “hold” rating in a research report on Sunday. TD Cowen lifted their price target on shares of ONEOK from $85.00 to $90.00 and gave the company a “hold” rating in a research note on Thursday, July 16th. Finally, Truist Financial boosted their price target on shares of ONEOK from $91.00 to $93.00 and gave the stock a “hold” rating in a research report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, ONEOK presently has an average rating of “Moderate Buy” and an average target price of $91.81.

ONEOK Stock Down 1.8%

OKE stock opened at $86.33 on Friday. The company has a market cap of $54.42 billion, a price-to-earnings ratio of 14.89, a P/E/G ratio of 4.50 and a beta of 0.73. ONEOK, Inc. has a twelve month low of $64.02 and a twelve month high of $96.07. The business has a 50 day moving average price of $88.95 and a two-hundred day moving average price of $87.04. The company has a quick ratio of 0.56, a current ratio of 0.74 and a debt-to-equity ratio of 1.34.

ONEOK (NYSE:OKE) last announced its quarterly earnings data on Monday, August 3rd. The utilities provider reported $1.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.07. The company had revenue of $12.05 billion for the quarter, compared to analysts’ expectations of $8.95 billion. ONEOK had a return on equity of 16.41% and a net margin of 9.29%.During the same quarter in the prior year, the business posted $1.34 EPS. ONEOK has set its FY 2026 guidance at 5.680-5.680 EPS. Analysts anticipate that ONEOK, Inc. will post 5.87 EPS for the current fiscal year.

ONEOK Announces Dividend

The company 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 dividend of $1.07 per share. This represents a $4.28 annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend is Monday, August 3rd. ONEOK’s dividend payout ratio is 73.79%.

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.