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

Aventail Capital Group LP lifted its holdings in ONEOK, Inc. (NYSE:OKE) by 10.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 371,064 shares of the utilities provider’s stock after acquiring an additional 33,733 shares during the period. ONEOK accounts for about 1.3% of Aventail Capital Group LP’s portfolio, making the stock its 26th biggest holding. Aventail Capital Group LP owned approximately 0.06% of ONEOK worth $27,077,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in ONEOK by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 77,222,590 shares of the utilities provider’s stock valued at $5,634,932,000 after purchasing an additional 711,619 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in ONEOK by 2.9% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 21,570,904 shares of the utilities provider’s stock worth $1,760,833,000 after purchasing an additional 613,674 shares during the period. Invesco Ltd. grew its holdings in ONEOK by 6.3% during the 3rd quarter. Invesco Ltd. now owns 8,919,098 shares of the utilities provider’s stock valued at $650,827,000 after buying an additional 532,267 shares in the last quarter. First Eagle Investment Management LLC grew its holdings in ONEOK by 24.2% during the 3rd quarter. First Eagle Investment Management LLC now owns 7,769,215 shares of the utilities provider’s stock valued at $566,920,000 after buying an additional 1,513,042 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of ONEOK during the second quarter valued at approximately $562,832,000. Hedge funds and other institutional investors own 69.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on OKE. Weiss Ratings restated a “hold (c)” rating on shares of ONEOK in a research report on Monday, December 29th. JPMorgan Chase & Co. downgraded shares of ONEOK from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $87.00 to $83.00 in a report on Tuesday, January 27th. UBS Group decreased their price target on shares of ONEOK from $114.00 to $103.00 and set a “buy” rating on the stock in a research note on Thursday, January 22nd. Mizuho set a $89.00 price objective on shares of ONEOK in a report on Monday, February 23rd. Finally, Scotiabank restated an “outperform” rating and set a $91.00 price objective on shares of ONEOK in a research report on Friday, January 16th. Seven research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $86.60.

ONEOK Trading Up 0.6%

Shares of OKE opened at $85.44 on Friday. The company’s fifty day moving average is $80.59 and its 200 day moving average is $74.77. ONEOK, Inc. has a fifty-two week low of $64.02 and a fifty-two week high of $103.64. The stock has a market capitalization of $53.81 billion, a PE ratio of 15.76, a P/E/G ratio of 6.50 and a beta of 0.93. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.56 and a current ratio of 0.71.

ONEOK (NYSE:OKE) last released its quarterly earnings data on Monday, February 23rd. The utilities provider reported $1.55 EPS for the quarter, beating the consensus estimate of $1.50 by $0.05. ONEOK had a net margin of 10.09% and a return on equity of 15.29%. The business had revenue of $9.07 billion during the quarter, compared to analyst estimates of $8.77 billion. During the same quarter last year, the business earned $1.57 earnings per share. ONEOK has set its FY 2026 guidance at 5.040-5.870 EPS. Sell-side analysts expect that ONEOK, Inc. will post 5.07 earnings per share for the current fiscal year.

ONEOK Increases Dividend

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

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.