ONEOK, Inc. $OKE Position Raised by Columbus Macro LLC

Columbus Macro LLC lifted its position in ONEOK, Inc. (NYSE:OKE) by 22.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 190,310 shares of the utilities provider’s stock after acquiring an additional 35,075 shares during the period. ONEOK accounts for approximately 1.5% of Columbus Macro LLC’s investment portfolio, making the stock its 9th biggest holding. Columbus Macro LLC’s holdings in ONEOK were worth $13,988,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. City Holding Co. purchased a new stake in ONEOK during the 3rd quarter valued at about $28,000. Winnow Wealth LLC purchased a new position in shares of ONEOK in the third quarter worth about $28,000. Global Wealth Strategies & Associates purchased a new position in shares of ONEOK in the third quarter worth about $29,000. Financial Consulate Inc. acquired a new stake in shares of ONEOK during the third quarter worth about $29,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in shares of ONEOK during the second quarter worth about $34,000. Hedge funds and other institutional investors own 69.13% of the company’s stock.

ONEOK Price Performance

Shares of ONEOK stock opened at $94.01 on Monday. The firm has a market cap of $59.21 billion, a PE ratio of 17.35, a P/E/G ratio of 7.13 and a beta of 0.93. ONEOK, Inc. has a twelve month low of $64.02 and a twelve month high of $100.57. The company has a quick ratio of 0.56, a current ratio of 0.71 and a debt-to-equity ratio of 1.36. The business has a 50-day moving average price of $83.90 and a 200 day moving average price of $75.87.

ONEOK (NYSE:OKE) last issued its quarterly earnings data on Monday, February 23rd. The utilities provider reported $1.55 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 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 period last year, the company earned $1.57 earnings per share. ONEOK has set its FY 2026 guidance at 5.040-5.870 EPS. Sell-side analysts predict that ONEOK, Inc. will post 5.07 earnings per share for the current fiscal year.

ONEOK Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Monday, February 2nd were paid a $1.07 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This represents a $4.28 dividend on an annualized basis and a yield of 4.6%. This is an increase from ONEOK’s previous quarterly dividend of $1.03. ONEOK’s dividend payout ratio is 78.97%.

Analyst Upgrades and Downgrades

OKE has been the topic of several research reports. Mizuho set a $89.00 price target on shares of ONEOK in a report on Monday, February 23rd. Barclays upped their price objective on shares of ONEOK from $76.00 to $82.00 and gave the company an “equal weight” rating in a report on Thursday, March 5th. Royal Bank Of Canada increased their price objective on shares of ONEOK from $79.00 to $84.00 and gave the stock a “sector perform” rating in a research note on Thursday, March 19th. JPMorgan Chase & Co. cut shares of ONEOK from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $87.00 to $83.00 in a report on Tuesday, January 27th. Finally, Scotiabank restated an “outperform” rating and set a $91.00 target price on shares of ONEOK in a research report on Friday, January 16th. Nine analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, ONEOK presently has an average rating of “Moderate Buy” and a consensus target price of $88.94.

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.