Waverly Advisors LLC Sells 10,998 Shares of ONEOK, Inc. $OKE

Waverly Advisors LLC lessened its holdings in shares of ONEOK, Inc. (NYSE:OKE) by 14.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 66,689 shares of the utilities provider’s stock after selling 10,998 shares during the quarter. Waverly Advisors LLC’s holdings in ONEOK were worth $5,798,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. GTS Securities LLC increased its holdings in shares of ONEOK by 4.3% in the second quarter. GTS Securities LLC now owns 2,573 shares of the utilities provider’s stock valued at $224,000 after purchasing an additional 105 shares during the last quarter. Meridian Wealth Management LLC lifted its stake in shares of ONEOK by 1.8% during the 2nd quarter. Meridian Wealth Management LLC now owns 6,598 shares of the utilities provider’s stock worth $574,000 after buying an additional 115 shares during the last quarter. Clearstead Trust LLC boosted its holdings in shares of ONEOK by 4.7% during the 1st quarter. Clearstead Trust LLC now owns 2,632 shares of the utilities provider’s stock worth $238,000 after buying an additional 117 shares during the period. Hoxton Planning & Management LLC grew its stake in ONEOK by 2.3% in the 4th quarter. Hoxton Planning & Management LLC now owns 5,372 shares of the utilities provider’s stock valued at $395,000 after buying an additional 120 shares during the last quarter. Finally, Welch Group LLC raised its holdings in ONEOK by 0.8% in the 1st quarter. Welch Group LLC now owns 14,859 shares of the utilities provider’s stock valued at $1,343,000 after acquiring an additional 122 shares during the period. Institutional investors own 69.13% of the company’s stock.

ONEOK Stock Performance

Shares of OKE stock opened at $95.74 on Friday. The firm has a market capitalization of $60.35 billion, a price-to-earnings ratio of 16.51, a PEG ratio of 2.72 and a beta of 0.74. The company has a current ratio of 0.74, a quick ratio of 0.59 and a debt-to-equity ratio of 1.34. The business’s 50-day moving average price is $92.38 and its 200-day moving average price is $89.40. ONEOK, Inc. has a 12 month low of $64.02 and a 12 month high of $99.85.

ONEOK (NYSE:OKE) last posted its quarterly earnings data on Monday, August 3rd. The utilities provider reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.07. ONEOK had a net margin of 9.29% and a return on equity of 16.41%. The company had revenue of $12.05 billion during the quarter, compared to analysts’ expectations of $8.95 billion. During the same period in the prior year, the company posted $1.34 earnings per share. ONEOK has set its FY 2026 guidance at 5.680-5.680 EPS. Equities research analysts forecast that ONEOK, Inc. will post 5.74 EPS for the current year.

ONEOK Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. TD Cowen increased their target price on ONEOK from $85.00 to $90.00 and gave the stock a “hold” rating in a research note on Thursday, July 16th. Barclays decreased their price target on shares of ONEOK from $90.00 to $88.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 8th. Weiss Ratings upgraded shares of ONEOK from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, August 31st. US Capital Advisors cut shares of ONEOK from a “strong-buy” rating to a “moderate buy” rating in a report on Thursday, August 20th. Finally, Morgan Stanley boosted their price target on ONEOK from $105.00 to $112.00 and gave the company an “equal weight” rating in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $96.62.

ONEOK Company Profile

ONEOK, Inc (NYSE: OKE) is an energy infrastructure company that gathers, processes, stores and transports natural gas and natural gas liquids (NGLs). Its operations connect production areas with domestic and international markets through pipelines, processing facilities, fractionation plants, storage assets and export infrastructure.

The company’s services include natural gas gathering and processing, interstate and intrastate natural gas transportation and storage, and the gathering, fractionation, storage and transportation of NGLs such as ethane, propane, normal butane, isobutane and natural gasoline.