International Assets Investment Management LLC Has $4.43 Million Stake in ONEOK, Inc. $OKE

International Assets Investment Management LLC reduced its holdings in ONEOK, Inc. (NYSE:OKE) by 16.3% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 50,676 shares of the utilities provider’s stock after selling 9,881 shares during the quarter. International Assets Investment Management LLC’s holdings in ONEOK were worth $4,427,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Diversify Wealth Management LLC bought a new position in ONEOK during the 1st quarter worth approximately $1,881,000. Midwest Trust Co lifted its holdings in ONEOK by 4.0% in the first quarter. Midwest Trust Co now owns 6,732 shares of the utilities provider’s stock valued at $609,000 after buying an additional 257 shares during the period. Fifth Third Bancorp grew its holdings in ONEOK by 646.2% during the 1st quarter. Fifth Third Bancorp now owns 166,487 shares of the utilities provider’s stock worth $15,049,000 after acquiring an additional 144,175 shares during the period. Sovran Advisors LLC lifted its stake in shares of ONEOK by 6.5% in the 1st quarter. Sovran Advisors LLC now owns 2,952 shares of the utilities provider’s stock valued at $273,000 after purchasing an additional 180 shares during the period. Finally, Simplicity Wealth LLC bought a new stake in ONEOK in the first quarter worth approximately $292,000. Institutional investors own 69.13% of the company’s stock.

ONEOK Stock Performance

OKE stock traded up $0.40 during midday trading on Friday, hitting $89.90. The company’s stock had a trading volume of 2,420,531 shares, compared to its average volume of 3,645,505. The stock has a market cap of $56.65 billion, a price-to-earnings ratio of 16.03, a PEG ratio of 6.72 and a beta of 0.73. The company has a quick ratio of 0.56, a current ratio of 0.71 and a debt-to-equity ratio of 1.37. The stock’s 50-day moving average price is $88.73 and its 200 day moving average price is $84.63. ONEOK, Inc. has a 1 year low of $64.02 and a 1 year high of $96.07.

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

ONEOK Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 4th were paid a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date was Monday, May 4th. ONEOK’s payout ratio is presently 76.29%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on OKE. JPMorgan Chase & Co. raised their price target on shares of ONEOK from $91.00 to $92.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Royal Bank Of Canada upped their target price on ONEOK from $79.00 to $84.00 and gave the stock a “sector perform” rating in a research report on Thursday, March 19th. Weiss Ratings upgraded shares of ONEOK from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 18th. Raymond James Financial reissued an “outperform” rating and set a $92.00 target price on shares of ONEOK in a research report on Thursday, April 30th. Finally, Morgan Stanley lifted their price target on ONEOK from $104.00 to $113.00 and gave the company an “overweight” rating in a research note on Tuesday, April 7th. Eight research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $91.75.

ONEOK 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.