Trivium Point Advisory LLC Cuts Stock Holdings in ONEOK, Inc. $OKE

Trivium Point Advisory LLC lowered its stake in ONEOK, Inc. (NYSE:OKE) by 75.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,716 shares of the utilities provider’s stock after selling 26,239 shares during the quarter. Trivium Point Advisory LLC’s holdings in ONEOK were worth $636,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Winnow Wealth LLC purchased a new stake in shares of ONEOK in the third quarter worth about $28,000. City Holding Co. bought a new stake in ONEOK in the 3rd quarter worth approximately $28,000. Global Wealth Strategies & Associates purchased a new stake in shares of ONEOK during the 3rd quarter worth approximately $29,000. Financial Consulate Inc. purchased a new stake in shares of ONEOK during the 3rd quarter worth approximately $29,000. Finally, Access Investment Management LLC bought a new position in shares of ONEOK during the 2nd quarter valued at approximately $33,000. Institutional investors own 69.13% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on OKE. Barclays reduced their price target on shares of ONEOK from $78.00 to $76.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 15th. Wolfe Research cut shares of ONEOK from an “outperform” rating to a “peer perform” rating in a research report on Wednesday. JPMorgan Chase & Co. lowered 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. Wells Fargo & Company reduced their price objective on ONEOK from $82.00 to $79.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Finally, Jefferies Financial Group assumed coverage on ONEOK in a research note on Tuesday, January 20th. They issued a “hold” rating and a $80.00 price objective for the company. Seven analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, ONEOK presently has an average rating of “Hold” and an average target price of $86.07.

ONEOK Stock Performance

Shares of NYSE:OKE opened at $82.67 on Friday. The company has a current ratio of 0.71, a quick ratio of 0.75 and a debt-to-equity ratio of 1.36. The company has a market capitalization of $52.06 billion, a price-to-earnings ratio of 15.25, a PEG ratio of 4.88 and a beta of 0.96. ONEOK, Inc. has a 12 month low of $64.02 and a 12 month high of $103.64. The firm’s 50-day moving average is $78.17 and its 200 day moving average is $73.98.

ONEOK (NYSE:OKE) last announced its 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 business had revenue of $9.07 billion during 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 quarter in the previous year, the business earned $1.57 earnings per share. ONEOK has set its FY 2026 guidance at 5.040-5.870 EPS. Research analysts predict that ONEOK, Inc. will post 5.07 EPS for the current year.

ONEOK Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Monday, February 2nd were given a $1.07 dividend. This is a boost from ONEOK’s previous quarterly dividend of $1.03. The ex-dividend date of this dividend was Monday, February 2nd. This represents a $4.28 annualized dividend and a yield of 5.2%. ONEOK’s dividend payout ratio is currently 78.97%.

About ONEOK

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.