Janney Montgomery Scott LLC Buys 34,135 Shares of ONEOK, Inc. $OKE

Janney Montgomery Scott LLC lifted its position in ONEOK, Inc. (NYSE:OKE) by 21.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 195,785 shares of the utilities provider’s stock after purchasing an additional 34,135 shares during the period. Janney Montgomery Scott LLC’s holdings in ONEOK were worth $17,697,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of OKE. Legal & General Group Plc grew its holdings in ONEOK by 1.6% during the 3rd quarter. Legal & General Group Plc now owns 5,218,376 shares of the utilities provider’s stock valued at $380,785,000 after buying an additional 80,683 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of ONEOK by 1.4% in the third quarter. Russell Investments Group Ltd. now owns 1,232,011 shares of the utilities provider’s stock worth $89,910,000 after buying an additional 16,871 shares in the last quarter. WBI Investments LLC boosted its position in shares of ONEOK by 221.5% during the third quarter. WBI Investments LLC now owns 35,768 shares of the utilities provider’s stock worth $2,610,000 after acquiring an additional 24,643 shares during the last quarter. Aberdeen Group plc boosted its position in shares of ONEOK by 46.0% during the fourth quarter. Aberdeen Group plc now owns 957,663 shares of the utilities provider’s stock worth $70,388,000 after acquiring an additional 301,654 shares during the last quarter. Finally, Coldstream Capital Management Inc. grew its stake in ONEOK by 20.1% during the third quarter. Coldstream Capital Management Inc. now owns 46,899 shares of the utilities provider’s stock valued at $3,422,000 after acquiring an additional 7,843 shares in the last quarter. 69.13% of the stock is owned by institutional investors.

ONEOK Trading Down 1.9%

NYSE OKE opened at $87.02 on Wednesday. The stock has a market cap of $54.84 billion, a PE ratio of 15.51, a PEG ratio of 6.64 and a beta of 0.74. ONEOK, Inc. has a 12 month low of $64.02 and a 12 month high of $96.07. The company’s 50-day moving average price is $88.46 and its 200-day moving average price is $83.80. The company has a current ratio of 0.71, a quick ratio of 0.56 and a debt-to-equity ratio of 1.37.

ONEOK (NYSE:OKE) last posted its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $1.23 earnings per share for the quarter, missing the consensus estimate of $1.30 by ($0.07). The company had revenue of $9.62 billion for the quarter, compared to the consensus estimate of $8.23 billion. ONEOK had a net margin of 10.03% and a return on equity of 16.06%. During the same period in the prior year, the firm posted $1.04 EPS. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. Equities research analysts forecast that ONEOK, Inc. will post 5.72 earnings per share for the current year.

ONEOK Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 4th were issued a $1.07 dividend. This represents a $4.28 annualized dividend and a dividend yield of 4.9%. The ex-dividend date was Monday, May 4th. ONEOK’s payout ratio is presently 76.29%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on OKE. Freedom Capital raised ONEOK from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 5th. Citigroup raised their price target on ONEOK from $95.00 to $97.00 and gave the company a “buy” rating in a report on Thursday, May 7th. JPMorgan Chase & Co. upped their price target on shares of ONEOK from $91.00 to $92.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Truist Financial boosted their target price on shares of ONEOK from $91.00 to $93.00 and gave the stock a “hold” rating in a report on Monday, May 4th. Finally, Wells Fargo & Company decreased their price objective on ONEOK from $100.00 to $98.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Eight investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $91.88.

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.