ONEOK, Inc. $OKE Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. trimmed its position in shares of ONEOK, Inc. (NYSE:OKE) by 12.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,300,057 shares of the utilities provider’s stock after selling 184,231 shares during the quarter. Russell Investments Group Ltd. owned 0.21% of ONEOK worth $113,083,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of OKE. Zions Bancorporation National Association UT boosted its stake in shares of ONEOK by 73.3% in the fourth quarter. Zions Bancorporation National Association UT now owns 338 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 143 shares during the period. Elyxium Wealth LLC purchased a new stake in ONEOK during the 4th quarter worth approximately $29,000. Cornerstone Financial Management LLC acquired a new stake in ONEOK during the 4th quarter worth approximately $29,000. Portus Wealth Advisors LLC purchased a new position in ONEOK in the 1st quarter valued at approximately $33,000. Finally, Wilkerson Advisory Group LLC boosted its position in ONEOK by 51.4% in the 1st quarter. Wilkerson Advisory Group LLC now owns 392 shares of the utilities provider’s stock valued at $35,000 after buying an additional 133 shares during the period. 69.13% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on OKE. Wells Fargo & Company cut their price objective on ONEOK from $100.00 to $98.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Weiss Ratings upgraded ONEOK from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 18th. Truist Financial boosted their target price on ONEOK from $91.00 to $93.00 and gave the stock a “hold” rating in a research note on Monday, May 4th. Raymond James Financial restated an “outperform” rating and set a $92.00 price target on shares of ONEOK in a report on Thursday, April 30th. Finally, TD Cowen increased their price target on ONEOK from $85.00 to $90.00 and gave the company a “hold” rating in a research report on Thursday, July 16th. One investment 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. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $91.81.

ONEOK Price Performance

Shares of OKE opened at $94.99 on Monday. ONEOK, Inc. has a twelve month low of $64.02 and a twelve month high of $96.07. The firm’s fifty day simple moving average is $89.48 and its 200-day simple moving average is $87.68. The firm has a market capitalization of $59.88 billion, a price-to-earnings ratio of 16.38, a PEG ratio of 7.10 and a beta of 0.73. The company has a current ratio of 0.74, a quick ratio of 0.59 and a debt-to-equity ratio of 1.34.

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

ONEOK Announces Dividend

The firm also recently declared 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. This represents a $4.28 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend was Monday, August 3rd. ONEOK’s 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.