Jefferies Financial Group Inc. Has $1.71 Million Stock Position in ONEOK, Inc. $OKE

Jefferies Financial Group Inc. increased its stake in ONEOK, Inc. (NYSE:OKE) by 70.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,423 shares of the utilities provider’s stock after purchasing an additional 9,700 shares during the quarter. Jefferies Financial Group Inc.’s holdings in ONEOK were worth $1,709,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. City Holding Co. purchased a new position in shares of ONEOK in the third quarter worth approximately $28,000. Winnow Wealth LLC acquired a new position in ONEOK in the 3rd quarter worth approximately $28,000. Global Wealth Strategies & Associates purchased a new position in ONEOK during the 3rd quarter worth approximately $29,000. Financial Consulate Inc. acquired a new stake in ONEOK during the 3rd quarter valued at $29,000. Finally, Twin Peaks Wealth Advisors LLC purchased a new stake in shares of ONEOK in the second quarter valued at $34,000. Institutional investors and hedge funds own 69.13% of the company’s stock.

ONEOK Trading Up 1.2%

ONEOK stock opened at $85.73 on Thursday. ONEOK, Inc. has a one year low of $64.02 and a one year high of $103.64. The company’s fifty day moving average price is $80.14 and its two-hundred day moving average price is $74.62. 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 company has a market capitalization of $53.99 billion, a price-to-earnings ratio of 15.82, a PEG ratio of 5.04 and a beta of 0.93.

ONEOK (NYSE:OKE) last announced its quarterly earnings results on Monday, February 23rd. The utilities provider reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.50 by $0.05. The company had revenue of $9.07 billion during the quarter, compared to analysts’ expectations 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 firm earned $1.57 earnings per share. ONEOK has set its FY 2026 guidance at 5.040-5.870 EPS. On average, analysts forecast that ONEOK, Inc. will post 5.07 earnings per share for the current fiscal year.

ONEOK Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Monday, February 2nd were issued a $1.07 dividend. This is an increase from ONEOK’s previous quarterly dividend of $1.03. The ex-dividend date was Monday, February 2nd. This represents a $4.28 annualized dividend and a yield of 5.0%. ONEOK’s dividend payout ratio is presently 78.97%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on OKE. Wolfe Research downgraded ONEOK from an “outperform” rating to a “peer perform” rating in a report on Wednesday, February 25th. Wells Fargo & Company reduced their price objective on ONEOK from $82.00 to $79.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 25th. Barclays raised their price objective on ONEOK from $76.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 5th. UBS Group dropped their target price on ONEOK from $114.00 to $103.00 and set a “buy” rating on the stock in a report on Thursday, January 22nd. Finally, Scotiabank reissued an “outperform” rating and issued a $91.00 price target on shares of ONEOK in a research report on Friday, January 16th. Seven analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $86.47.

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.