Coldstream Capital Management Inc. Has $3.42 Million Stake in ONEOK, Inc. $OKE

Coldstream Capital Management Inc. increased its position in ONEOK, Inc. (NYSE:OKE) by 20.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 46,899 shares of the utilities provider’s stock after buying an additional 7,843 shares during the period. Coldstream Capital Management Inc.’s holdings in ONEOK were worth $3,422,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Empowered Funds LLC lifted its stake in ONEOK by 0.8% in the first quarter. Empowered Funds LLC now owns 17,957 shares of the utilities provider’s stock valued at $1,782,000 after acquiring an additional 137 shares during the last quarter. Focused Wealth Management Inc increased its stake in shares of ONEOK by 4.3% during the 3rd quarter. Focused Wealth Management Inc now owns 3,441 shares of the utilities provider’s stock worth $251,000 after purchasing an additional 142 shares during the last quarter. Silver Lake Advisory LLC raised its holdings in shares of ONEOK by 1.4% during the 3rd quarter. Silver Lake Advisory LLC now owns 10,788 shares of the utilities provider’s stock valued at $787,000 after purchasing an additional 147 shares in the last quarter. Alternative Investment Advisors LLC. raised its holdings in shares of ONEOK by 1.2% during the 2nd quarter. Alternative Investment Advisors LLC. now owns 12,479 shares of the utilities provider’s stock valued at $1,019,000 after purchasing an additional 148 shares in the last quarter. Finally, JFS Wealth Advisors LLC lifted its stake in shares of ONEOK by 9.6% in the 3rd quarter. JFS Wealth Advisors LLC now owns 1,720 shares of the utilities provider’s stock valued at $126,000 after purchasing an additional 150 shares during the last quarter. Institutional investors own 69.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of ONEOK in a report on Monday, December 29th. Jefferies Financial Group assumed coverage on ONEOK in a research note on Tuesday, January 20th. They set a “hold” rating and a $80.00 price target for the company. Wolfe Research lowered ONEOK from an “outperform” rating to a “peer perform” rating in a report on Wednesday, February 25th. Mizuho set a $89.00 price objective on ONEOK in a research note on Monday, February 23rd. Finally, Barclays boosted their target price on ONEOK from $76.00 to $82.00 and gave the stock an “equal weight” rating in a report on Thursday, March 5th. Seven equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, ONEOK currently has an average rating of “Hold” and a consensus price target of $86.60.

ONEOK Stock Performance

Shares of OKE opened at $86.21 on Thursday. The company has a market capitalization of $54.29 billion, a PE ratio of 15.91, a price-to-earnings-growth ratio of 6.59 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. ONEOK, Inc. has a one year low of $64.02 and a one year high of $103.64. The company’s fifty day moving average price is $81.45 and its 200 day moving average price is $74.99.

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

ONEOK Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Monday, February 2nd were paid a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a yield of 5.0%. The ex-dividend date was Monday, February 2nd. This is a positive change from ONEOK’s previous quarterly dividend of $1.03. ONEOK’s dividend payout ratio is currently 78.97%.

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.