ONEOK, Inc. $OKE Shares Sold by B. Metzler seel. Sohn & Co. AG

B. Metzler seel. Sohn & Co. AG decreased its stake in shares of ONEOK, Inc. (NYSE:OKE) by 23.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 69,940 shares of the utilities provider’s stock after selling 21,485 shares during the quarter. B. Metzler seel. Sohn & Co. AG’s holdings in ONEOK were worth $5,103,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd purchased a new position in shares of ONEOK during the 3rd quarter worth $797,000. Meiji Yasuda Asset Management Co Ltd. raised its stake in ONEOK by 1.5% during the third quarter. Meiji Yasuda Asset Management Co Ltd. now owns 12,748 shares of the utilities provider’s stock worth $930,000 after purchasing an additional 190 shares during the period. CreativeOne Wealth LLC boosted its holdings in ONEOK by 6.9% in the 3rd quarter. CreativeOne Wealth LLC now owns 20,347 shares of the utilities provider’s stock valued at $1,485,000 after purchasing an additional 1,313 shares during the last quarter. Guardian Partners Inc. acquired a new position in ONEOK in the 3rd quarter valued at about $781,000. Finally, Ameriflex Group Inc. grew its stake in shares of ONEOK by 13.0% in the 3rd quarter. Ameriflex Group Inc. now owns 1,534 shares of the utilities provider’s stock valued at $112,000 after buying an additional 176 shares during the period. 69.13% of the stock is currently owned by hedge funds and other institutional investors.

ONEOK Trading Up 1.6%

OKE opened at $86.95 on Monday. The business has a fifty day moving average price of $79.43 and a 200 day moving average price of $74.39. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.71 and a quick ratio of 0.56. ONEOK, Inc. has a 12 month low of $64.02 and a 12 month high of $103.64. The stock has a market capitalization of $54.76 billion, a price-to-earnings ratio of 16.04, a PEG ratio of 5.13 and a beta of 0.93.

ONEOK (NYSE:OKE) last posted its quarterly earnings results on Monday, February 23rd. The utilities provider reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.50 by $0.05. The company had revenue of $9.07 billion for the quarter, compared to analyst estimates of $8.77 billion. ONEOK had a return on equity of 15.29% and a net margin of 10.09%.During the same quarter last year, the company earned $1.57 EPS. ONEOK has set its FY 2026 guidance at 5.040-5.870 EPS. Sell-side analysts expect that ONEOK, Inc. will post 5.07 earnings per share for the current fiscal year.

ONEOK Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Monday, February 2nd were issued a $1.07 dividend. This represents a $4.28 annualized dividend and a yield of 4.9%. This is a positive change from ONEOK’s previous quarterly dividend of $1.03. The ex-dividend date of this dividend was Monday, February 2nd. ONEOK’s dividend payout ratio is 78.97%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on OKE. Weiss Ratings reaffirmed a “hold (c)” rating on shares of ONEOK in a research report on Monday, December 29th. Jefferies Financial Group started coverage on ONEOK in a research report on Tuesday, January 20th. They issued a “hold” rating and a $80.00 price objective for the company. Morgan Stanley reissued an “overweight” rating and set a $104.00 target price on shares of ONEOK in a research note on Wednesday, January 28th. Mizuho set a $89.00 target price on ONEOK in a research report on Monday, February 23rd. Finally, Barclays increased their price target on ONEOK from $76.00 to $82.00 and gave the stock an “equal weight” rating in a report on Thursday. Seven research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $86.47.

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.