Trivium Point Advisory LLC Buys 6,751 Shares of ONEOK, Inc. $OKE

Trivium Point Advisory LLC boosted its stake in ONEOK, Inc. (NYSE:OKE) by 182.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,459 shares of the utilities provider’s stock after purchasing an additional 6,751 shares during the period. Trivium Point Advisory LLC’s holdings in ONEOK were worth $909,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Triune Financial Partners LLC purchased a new stake in shares of ONEOK during the fourth quarter worth about $1,151,000. Swiss Life Asset Management Ltd increased its holdings in ONEOK by 219.5% during the 4th quarter. Swiss Life Asset Management Ltd now owns 1,522,404 shares of the utilities provider’s stock valued at $111,897,000 after purchasing an additional 1,045,976 shares during the period. Castle Rock Wealth Management LLC raised its position in ONEOK by 360.0% during the 4th quarter. Castle Rock Wealth Management LLC now owns 36,216 shares of the utilities provider’s stock valued at $2,815,000 after purchasing an additional 28,343 shares during the last quarter. First Eagle Investment Management LLC raised its position in ONEOK by 46.3% during the 4th quarter. First Eagle Investment Management LLC now owns 11,365,304 shares of the utilities provider’s stock valued at $835,350,000 after purchasing an additional 3,596,089 shares during the last quarter. Finally, Torray Investment Partners LLC purchased a new stake in ONEOK in the 4th quarter worth approximately $19,109,000. Institutional investors own 69.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on OKE. Wells Fargo & Company cut 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. Citigroup upped their target price on ONEOK from $95.00 to $97.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Truist Financial lifted their price target on shares of ONEOK from $91.00 to $93.00 and gave the company a “hold” rating in a report on Monday, May 4th. Freedom Capital raised shares of ONEOK from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 5th. Finally, JPMorgan Chase & Co. upped their price objective on shares of ONEOK from $91.00 to $92.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $91.81.

ONEOK Stock Up 0.0%

OKE stock opened at $94.99 on Monday. ONEOK, Inc. has a fifty-two week low of $64.02 and a fifty-two week high of $96.07. The business’s 50 day moving average price is $89.48 and its two-hundred day moving average price is $87.68. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.59 and a current ratio of 0.74. The company has a market capitalization of $59.88 billion, a price-to-earnings ratio of 16.38, a price-to-earnings-growth ratio of 7.10 and a beta of 0.73.

ONEOK (NYSE:OKE) last released its earnings results on Monday, August 3rd. The utilities provider reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.07. ONEOK had a return on equity of 16.41% and a net margin of 9.29%.The company had revenue of $12.05 billion during the quarter, compared to analysts’ expectations of $8.95 billion. During the same quarter last year, the business posted $1.34 EPS. ONEOK has set its FY 2026 guidance at 5.680-5.680 EPS. As a group, analysts forecast that ONEOK, Inc. will post 5.87 earnings per share for the current fiscal year.

ONEOK Dividend Announcement

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

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.