Odyssean LLC Buys Shares of 8,427 ONEOK, Inc. $OKE

Odyssean LLC purchased a new position in ONEOK, Inc. (NYSE:OKE) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 8,427 shares of the utilities provider’s stock, valued at approximately $733,000.

Other institutional investors have also recently made changes to their positions in the company. Zions Bancorporation National Association UT lifted its holdings in shares of ONEOK by 73.3% during the 4th quarter. Zions Bancorporation National Association UT now owns 338 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 143 shares during the last quarter. Elyxium Wealth LLC bought a new position in ONEOK in the fourth quarter valued at $29,000. Cornerstone Financial Management LLC purchased a new stake in ONEOK during the fourth quarter valued at about $29,000. Portus Wealth Advisors LLC purchased a new stake in ONEOK during the first quarter valued at about $33,000. Finally, Wilkerson Advisory Group LLC lifted its stake in ONEOK by 51.4% during the first quarter. Wilkerson Advisory Group LLC now owns 392 shares of the utilities provider’s stock worth $35,000 after purchasing an additional 133 shares during the last quarter. Institutional investors own 69.13% of the company’s stock.

ONEOK Stock Up 3.5%

Shares of NYSE:OKE opened at $94.93 on Thursday. The stock has a market capitalization of $59.84 billion, a P/E ratio of 16.37, a price-to-earnings-growth ratio of 2.56 and a beta of 0.73. The stock’s 50-day moving average price is $90.50 and its 200-day moving average price is $88.58. The company has a current ratio of 0.74, a quick ratio of 0.59 and a debt-to-equity ratio of 1.34. ONEOK, Inc. has a 12-month low of $64.02 and a 12-month high of $97.90.

ONEOK (NYSE:OKE) last released its earnings results on Monday, August 3rd. The utilities provider reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.07. The company had revenue of $12.05 billion during the quarter, compared to analyst estimates of $8.95 billion. ONEOK had a return on equity of 16.41% and a net margin of 9.29%.During the same quarter in the previous year, the company posted $1.34 EPS. ONEOK has set its FY 2026 guidance at 5.680-5.680 EPS. On average, equities analysts anticipate that ONEOK, Inc. will post 5.84 earnings per share for the current year.

ONEOK Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Monday, August 3rd were given a $1.07 dividend. The ex-dividend date was Monday, August 3rd. This represents a $4.28 annualized dividend and a yield of 4.5%. ONEOK’s payout ratio is presently 73.79%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on OKE shares. Barclays cut their price objective on ONEOK from $90.00 to $88.00 and set an “equal weight” rating for the company in a report on Wednesday, July 8th. US Capital Advisors downgraded ONEOK from a “strong-buy” rating to a “moderate buy” rating in a research report on Thursday, August 20th. Freedom Capital raised ONEOK from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 5th. Weiss Ratings reiterated a “buy (b-)” rating on shares of ONEOK in a research report on Thursday, August 13th. Finally, JPMorgan Chase & Co. lifted their price target on shares of ONEOK from $91.00 to $92.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, ONEOK currently has a consensus rating of “Moderate Buy” and an average price target of $91.94.

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.