Aventail Capital Group LP Buys 33,733 Shares of ONEOK, Inc. $OKE

Aventail Capital Group LP boosted its stake in shares of ONEOK, Inc. (NYSE:OKE) by 10.0% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 371,064 shares of the utilities provider’s stock after buying an additional 33,733 shares during the quarter. ONEOK makes up approximately 1.3% of Aventail Capital Group LP’s investment portfolio, making the stock its 26th biggest holding. Aventail Capital Group LP’s holdings in ONEOK were worth $27,077,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in ONEOK by 0.9% during the third quarter. Vanguard Group Inc. now owns 77,222,590 shares of the utilities provider’s stock worth $5,634,932,000 after buying an additional 711,619 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of ONEOK by 2.9% in the second quarter. Charles Schwab Investment Management Inc. now owns 21,570,904 shares of the utilities provider’s stock valued at $1,760,833,000 after acquiring an additional 613,674 shares during the period. Invesco Ltd. lifted its holdings in shares of ONEOK by 6.3% in the 3rd quarter. Invesco Ltd. now owns 8,919,098 shares of the utilities provider’s stock worth $650,827,000 after acquiring an additional 532,267 shares during the last quarter. First Eagle Investment Management LLC lifted its holdings in shares of ONEOK by 24.2% in the 3rd quarter. First Eagle Investment Management LLC now owns 7,769,215 shares of the utilities provider’s stock worth $566,920,000 after acquiring an additional 1,513,042 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of ONEOK during the 2nd quarter worth about $562,832,000. 69.13% of the stock is currently owned by institutional investors.

ONEOK Trading Up 0.6%

Shares of OKE opened at $85.44 on Friday. The firm has a market capitalization of $53.81 billion, a price-to-earnings ratio of 15.76, a PEG ratio of 6.50 and a beta of 0.93. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.71 and a quick ratio of 0.56. ONEOK, Inc. has a 1-year low of $64.02 and a 1-year high of $103.64. The company has a 50-day moving average of $80.59 and a 200 day moving average of $74.77.

ONEOK (NYSE:OKE) last issued its earnings results on Monday, February 23rd. The utilities provider reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.50 by $0.05. The business had revenue of $9.07 billion for the quarter, compared to the consensus estimate of $8.77 billion. ONEOK had a net margin of 10.09% and a return on equity of 15.29%. During the same period in the prior year, the firm earned $1.57 EPS. ONEOK has set its FY 2026 guidance at 5.040-5.870 EPS. On average, research analysts expect that ONEOK, Inc. will post 5.07 EPS for the current year.

ONEOK Increases Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages recently commented on OKE. Barclays upped their price target 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. Jefferies Financial Group began coverage on ONEOK in a research report on Tuesday, January 20th. They set a “hold” rating and a $80.00 target price for the company. Wolfe Research cut ONEOK from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, February 25th. Morgan Stanley reiterated an “overweight” rating and issued a $104.00 price target on shares of ONEOK in a report on Wednesday, January 28th. Finally, JPMorgan Chase & Co. lowered ONEOK from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $87.00 to $83.00 in a research note on Tuesday, January 27th. Seven research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $86.60.

ONEOK Company 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.