Bahl & Gaynor Inc. Sells 205,935 Shares of ONEOK, Inc. $OKE

Bahl & Gaynor Inc. decreased its position in shares of ONEOK, Inc. (NYSE:OKE) by 20.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 817,707 shares of the utilities provider’s stock after selling 205,935 shares during the quarter. Bahl & Gaynor Inc. owned approximately 0.13% of ONEOK worth $59,668,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of OKE. Winnow Wealth LLC bought a new stake in shares of ONEOK during the third quarter worth about $28,000. City Holding Co. acquired a new stake in ONEOK during the 3rd quarter worth approximately $28,000. Global Wealth Strategies & Associates bought a new stake in ONEOK during the 3rd quarter worth approximately $29,000. Financial Consulate Inc. bought a new stake in ONEOK during the 3rd quarter worth approximately $29,000. Finally, Access Investment Management LLC acquired a new position in ONEOK in the 2nd quarter valued at approximately $33,000. Institutional investors and hedge funds own 69.13% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Wolfe Research cut shares of ONEOK from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, February 25th. Argus raised ONEOK from a “hold” rating to a “buy” rating and set a $79.00 target price for the company in a research report on Thursday, November 6th. Wells Fargo & Company reduced their price target on ONEOK from $82.00 to $79.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 25th. The Goldman Sachs Group reissued a “neutral” rating and issued a $72.00 price target on shares of ONEOK in a research note on Monday, November 3rd. Finally, Morgan Stanley restated an “overweight” rating and set a $104.00 price objective on shares of ONEOK in a research report on Wednesday, January 28th. Seven investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $86.07.

ONEOK Stock Down 1.6%

Shares of NYSE:OKE opened at $82.67 on Monday. The company has a market capitalization of $52.06 billion, a price-to-earnings ratio of 15.25, a P/E/G ratio of 4.88 and a beta of 0.93. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.71 and a quick ratio of 0.56. The business’s 50-day moving average is $78.17 and its 200-day moving average is $73.97. ONEOK, Inc. has a 1 year low of $64.02 and a 1 year high of $103.64.

ONEOK (NYSE:OKE) last released its earnings results on Monday, February 23rd. The utilities provider reported $1.55 EPS for the quarter, topping the consensus estimate of $1.50 by $0.05. ONEOK had a return on equity of 15.29% and a net margin of 10.09%.The business had revenue of $9.07 billion during the quarter, compared to analysts’ expectations of $8.77 billion. During the same quarter last year, the firm posted $1.57 earnings per share. ONEOK has set its FY 2026 guidance at 5.040-5.870 EPS. Equities research analysts predict that ONEOK, Inc. will post 5.07 earnings per share for the current year.

ONEOK Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Monday, February 2nd were given a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date was Monday, February 2nd. This is a boost from ONEOK’s previous quarterly dividend of $1.03. ONEOK’s dividend payout ratio is presently 78.97%.

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.