ONEOK, Inc. $OKE Stock Holdings Lowered by St. James Investment Company LLC

St. James Investment Company LLC trimmed its position in ONEOK, Inc. (NYSE:OKE) by 1.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 347,945 shares of the utilities provider’s stock after selling 6,826 shares during the period. ONEOK makes up 4.1% of St. James Investment Company LLC’s holdings, making the stock its 9th biggest holding. St. James Investment Company LLC’s holdings in ONEOK were worth $25,574,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. World Investment Advisors increased its position in ONEOK by 78.8% during the 4th quarter. World Investment Advisors now owns 20,615 shares of the utilities provider’s stock valued at $1,515,000 after purchasing an additional 9,083 shares during the period. Investors Asset Management of Georgia Inc. GA ADV lifted its stake in ONEOK by 1.7% during the 4th quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 27,659 shares of the utilities provider’s stock valued at $2,033,000 after acquiring an additional 464 shares during the period. Provident Investment Management Inc. lifted its stake in shares of ONEOK by 5.1% in the 4th quarter. Provident Investment Management Inc. now owns 5,620 shares of the utilities provider’s stock worth $413,000 after purchasing an additional 275 shares during the period. Versor Investments LP lifted its stake in shares of ONEOK by 26.9% in the 4th quarter. Versor Investments LP now owns 21,690 shares of the utilities provider’s stock worth $1,594,000 after purchasing an additional 4,598 shares during the period. Finally, ABC Arbitrage SA bought a new position in shares of ONEOK in the 4th quarter worth approximately $1,444,000. 69.13% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. JPMorgan Chase & Co. raised their target price on shares of ONEOK from $91.00 to $92.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Scotiabank lowered shares of ONEOK from a “sector outperform” rating to a “sector perform” rating and cut their price objective for the company from $92.00 to $89.00 in a report on Thursday, April 30th. Citigroup boosted their target price on shares of ONEOK from $95.00 to $97.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Jefferies Financial Group boosted their price objective on shares of ONEOK from $98.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, April 8th. Finally, Freedom Capital upgraded shares of ONEOK from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th. Seven research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat, ONEOK has an average rating of “Hold” and an average price target of $91.88.

ONEOK Stock Up 0.8%

Shares of OKE opened at $88.46 on Wednesday. The firm has a market capitalization of $55.73 billion, a P/E ratio of 15.77, a P/E/G ratio of 6.23 and a beta of 0.78. ONEOK, Inc. has a 12-month low of $64.02 and a 12-month high of $95.30. The company has a current ratio of 0.71, a quick ratio of 0.56 and a debt-to-equity ratio of 1.37. The firm has a fifty day moving average price of $87.44 and a 200-day moving average price of $79.20.

ONEOK (NYSE:OKE) last issued its earnings results on Tuesday, April 28th. The utilities provider reported $1.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.07). The company had revenue of $9.62 billion for 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 period in the prior year, the firm posted $1.04 earnings per share. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. Equities research analysts expect that ONEOK, Inc. will post 5.9 earnings per share for the current year.

ONEOK Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Monday, May 4th will be 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 of this dividend is Monday, May 4th. ONEOK’s payout ratio is currently 76.29%.

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.