Vaughan Nelson Investment Management L.P. Sells 10,845 Shares of ONEOK, Inc. $OKE

Vaughan Nelson Investment Management L.P. lessened its stake in shares of ONEOK, Inc. (NYSE:OKE) by 62.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 6,533 shares of the utilities provider’s stock after selling 10,845 shares during the quarter. Vaughan Nelson Investment Management L.P.’s holdings in ONEOK were worth $480,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of OKE. City Holding Co. bought a new stake in shares of ONEOK during the third quarter worth approximately $28,000. Winnow Wealth LLC bought a new position in shares of ONEOK during the third quarter worth approximately $28,000. Global Wealth Strategies & Associates acquired a new stake in ONEOK during the 3rd quarter worth approximately $29,000. Financial Consulate Inc. bought a new stake in ONEOK in the 3rd quarter valued at $29,000. Finally, Twin Peaks Wealth Advisors LLC bought a new position in ONEOK during the 2nd quarter worth $34,000. Institutional investors and hedge funds own 69.13% of the company’s stock.

ONEOK Price Performance

OKE stock opened at $90.29 on Wednesday. The company’s 50-day moving average price is $84.59 and its two-hundred day moving average price is $76.13. The firm has a market cap of $56.86 billion, a P/E ratio of 16.66, a P/E/G ratio of 7.06 and a beta of 0.93. The company has a quick ratio of 0.56, a current ratio of 0.71 and a debt-to-equity ratio of 1.36. ONEOK, Inc. has a 12 month low of $64.02 and a 12 month high of $100.57.

ONEOK (NYSE:OKE) last posted its quarterly earnings results on Monday, February 23rd. The utilities provider reported $1.55 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $8.77 billion. During the same quarter last year, the business posted $1.57 EPS. ONEOK has set its FY 2026 guidance at 5.040-5.870 EPS. On average, analysts anticipate that ONEOK, Inc. will post 5.07 earnings per share for the current fiscal year.

ONEOK Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Monday, February 2nd were paid a $1.07 dividend. This represents a $4.28 annualized dividend and a dividend yield of 4.7%. The ex-dividend date was Monday, February 2nd. This is a positive change from ONEOK’s previous quarterly dividend of $1.03. ONEOK’s dividend payout ratio is 78.97%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Royal Bank Of Canada boosted their target price on shares of ONEOK from $79.00 to $84.00 and gave the company a “sector perform” rating in a research report on Thursday, March 19th. Jefferies Financial Group raised shares of ONEOK from a “hold” rating to a “buy” rating and boosted their price objective for the company from $85.00 to $98.00 in a report on Friday, March 20th. Mizuho set a $89.00 target price on shares of ONEOK in a research report on Monday, February 23rd. JPMorgan Chase & Co. downgraded shares of ONEOK from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $87.00 to $83.00 in a research report on Tuesday, January 27th. Finally, Truist Financial initiated coverage on ONEOK in a research note on Tuesday, March 24th. They issued a “hold” rating and a $91.00 price target for the company. Nine investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $88.94.

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.