Catalyst Capital Advisors LLC Reduces Position in ONEOK, Inc. $OKE

Catalyst Capital Advisors LLC lowered its position in ONEOK, Inc. (NYSE:OKE) by 7.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 192,447 shares of the utilities provider’s stock after selling 15,886 shares during the quarter. Catalyst Capital Advisors LLC’s holdings in ONEOK were worth $17,395,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Clearstead Trust LLC increased its holdings in shares of ONEOK by 4.7% in the 1st quarter. Clearstead Trust LLC now owns 2,632 shares of the utilities provider’s stock valued at $238,000 after acquiring an additional 117 shares during the period. Hoxton Planning & Management LLC raised its position 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 purchasing an additional 120 shares during the last quarter. Welch Group LLC boosted its stake in ONEOK by 0.8% during the 1st quarter. Welch Group LLC now owns 14,859 shares of the utilities provider’s stock worth $1,343,000 after purchasing an additional 122 shares during the period. Disciplined Investments LLC boosted its stake in ONEOK by 0.6% during the 4th quarter. Disciplined Investments LLC now owns 21,577 shares of the utilities provider’s stock worth $1,586,000 after purchasing an additional 125 shares during the period. Finally, TCV Trust & Wealth Management Inc. grew its position in ONEOK by 4.2% during the 4th quarter. TCV Trust & Wealth Management Inc. now owns 3,290 shares of the utilities provider’s stock worth $242,000 after purchasing an additional 133 shares during the last quarter. 69.13% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

OKE has been the topic of a number of recent research reports. Citigroup lifted their price objective on shares of ONEOK from $95.00 to $97.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Scotiabank lowered ONEOK from a “sector outperform” rating to a “sector perform” rating and lowered their price target for the stock from $92.00 to $89.00 in a report on Thursday, April 30th. Wall Street Zen upgraded ONEOK from a “sell” rating to a “hold” rating in a research report on Tuesday, May 26th. Weiss Ratings raised ONEOK from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 18th. Finally, Freedom Capital raised ONEOK from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th. Eight equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $92.06.

ONEOK Trading Up 0.6%

Shares of OKE stock opened at $93.57 on Friday. The business’s fifty day moving average price is $89.18 and its 200 day moving average price is $85.30. ONEOK, Inc. has a 1-year low of $64.02 and a 1-year high of $96.07. The firm has a market capitalization of $58.96 billion, a PE ratio of 16.68, a P/E/G ratio of 6.95 and a beta of 0.73. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.71 and a quick ratio of 0.56.

ONEOK (NYSE:OKE) last released its earnings results on Tuesday, April 28th. The utilities provider reported $1.23 EPS for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.07). ONEOK had a net margin of 10.03% and a return on equity of 16.06%. The business had revenue of $9.62 billion during the quarter, compared to analyst estimates of $8.23 billion. During the same period last year, the business posted $1.04 EPS. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. As a group, sell-side analysts forecast that ONEOK, Inc. will post 5.72 EPS for the current fiscal year.

ONEOK Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Monday, August 3rd will be issued a $1.07 dividend. The ex-dividend date of this dividend is Monday, August 3rd. This represents a $4.28 dividend on an annualized basis and a yield of 4.6%. ONEOK’s dividend payout ratio (DPR) is 76.29%.

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.