Faithward Advisors LLC Has $319,000 Stock Holdings in ONEOK, Inc. $OKE

Faithward Advisors LLC trimmed its position in ONEOK, Inc. (NYSE:OKE) by 91.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,378 shares of the utilities provider’s stock after selling 45,654 shares during the quarter. Faithward Advisors LLC’s holdings in ONEOK were worth $319,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. City Holding Co. acquired a new position in ONEOK in the 3rd quarter valued at $28,000. Winnow Wealth LLC acquired a new position in ONEOK during the 3rd quarter worth $28,000. Global Wealth Strategies & Associates acquired a new position in ONEOK during the 3rd quarter worth $29,000. Financial Consulate Inc. bought a new stake in ONEOK during the third quarter valued at about $29,000. Finally, Twin Peaks Wealth Advisors LLC bought a new stake in ONEOK during the second quarter valued at about $34,000. 69.13% of the stock is owned by institutional investors.

ONEOK Trading Down 0.4%

Shares of OKE opened at $86.21 on Thursday. The company has a current ratio of 0.71, a quick ratio of 0.56 and a debt-to-equity ratio of 1.36. The stock has a market cap of $54.29 billion, a PE ratio of 15.91, a PEG ratio of 6.59 and a beta of 0.93. ONEOK, Inc. has a 1 year low of $64.02 and a 1 year high of $103.64. The stock has a 50 day simple moving average of $81.45 and a 200-day simple moving average of $74.99.

ONEOK (NYSE:OKE) last announced its quarterly earnings results on Monday, February 23rd. The utilities provider reported $1.55 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $8.77 billion. During the same quarter in the previous year, the firm earned $1.57 EPS. ONEOK has set its FY 2026 guidance at 5.040-5.870 EPS. On average, sell-side analysts predict that ONEOK, Inc. will post 5.07 EPS for the current fiscal year.

ONEOK Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Monday, February 2nd were issued a dividend of $1.07 per share. The ex-dividend date of this dividend was Monday, February 2nd. This is a boost from ONEOK’s previous quarterly dividend of $1.03. This represents a $4.28 dividend on an annualized basis and a dividend yield of 5.0%. ONEOK’s dividend payout ratio (DPR) is 78.97%.

Analysts Set New Price Targets

OKE has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lowered ONEOK from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $87.00 to $83.00 in a research note on Tuesday, January 27th. Morgan Stanley restated an “overweight” rating and set a $104.00 target price on shares of ONEOK in a research note on Wednesday, January 28th. Jefferies Financial Group assumed coverage on ONEOK in a report on Tuesday, January 20th. They issued a “hold” rating and a $80.00 target price on the stock. Mizuho set a $89.00 price target on ONEOK in a research report on Monday, February 23rd. Finally, Scotiabank reiterated an “outperform” rating and set a $91.00 price target on shares of ONEOK in a report on Friday, January 16th. Seven research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $86.60.

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.