Advisors Management Group Inc. ADV Cuts Holdings in ONEOK, Inc. $OKE

Advisors Management Group Inc. ADV lowered its position in shares of ONEOK, Inc. (NYSE:OKE) by 12.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 71,725 shares of the utilities provider’s stock after selling 9,990 shares during the period. Advisors Management Group Inc. ADV’s holdings in ONEOK were worth $5,272,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of OKE. Brighton Jones LLC lifted its stake in ONEOK by 137.1% in the fourth quarter. Brighton Jones LLC now owns 15,278 shares of the utilities provider’s stock worth $1,534,000 after acquiring an additional 8,834 shares during the period. Empowered Funds LLC lifted its holdings in ONEOK by 0.8% in the first quarter. Empowered Funds LLC now owns 17,957 shares of the utilities provider’s stock worth $1,782,000 after buying an additional 137 shares during the period. Acadian Asset Management LLC purchased a new stake in ONEOK in the first quarter worth about $216,000. J.W. Cole Advisors Inc. boosted its position in ONEOK by 20.6% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 24,194 shares of the utilities provider’s stock valued at $1,975,000 after acquiring an additional 4,132 shares in the last quarter. Finally, Choreo LLC lifted its stake in shares of ONEOK by 2.3% in the 2nd quarter. Choreo LLC now owns 14,070 shares of the utilities provider’s stock valued at $1,149,000 after purchasing an additional 321 shares during the period. 69.13% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on OKE. Jefferies Financial Group upgraded shares of ONEOK from a “hold” rating to a “buy” rating and increased their price target for the stock from $85.00 to $98.00 in a research note on Friday, March 20th. JPMorgan Chase & Co. cut ONEOK from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $87.00 to $83.00 in a research report on Tuesday, January 27th. Wolfe Research downgraded ONEOK from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, February 25th. Wells Fargo & Company raised ONEOK from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $81.00 to $100.00 in a research report on Wednesday. Finally, Scotiabank reiterated an “outperform” rating and set a $91.00 price objective on shares of ONEOK in a research note on Friday, January 16th. Nine analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $88.94.

ONEOK Trading Up 0.5%

NYSE:OKE opened at $94.01 on Friday. 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 firm has a market capitalization of $59.21 billion, a price-to-earnings ratio of 17.35, a price-to-earnings-growth ratio of 7.13 and a beta of 0.93. ONEOK, Inc. has a one year low of $64.02 and a one year high of $100.57. The business has a fifty day moving average price of $83.90 and a 200-day moving average price of $75.85.

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

ONEOK Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Monday, February 2nd were given a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a dividend yield of 4.6%. This is a boost from ONEOK’s previous quarterly dividend of $1.03. The ex-dividend date was Monday, February 2nd. ONEOK’s dividend payout ratio (DPR) 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.