94,973 Shares in ONEOK, Inc. $OKE Bought by Trajan Wealth LLC

Trajan Wealth LLC purchased a new stake in ONEOK, Inc. (NYSE:OKE) in the second quarter, HoldingsChannel reports. The institutional investor purchased 94,973 shares of the utilities provider’s stock, valued at approximately $8,257,000.

Several other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in shares of ONEOK by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 77,603,334 shares of the utilities provider’s stock worth $5,703,845,000 after purchasing an additional 380,744 shares in the last quarter. BlackRock Inc. boosted its position in shares of ONEOK by 8.7% in the 2nd quarter. BlackRock Inc. now owns 64,537,467 shares of the utilities provider’s stock valued at $5,610,887,000 after purchasing an additional 5,148,768 shares during the period. State Street Corp grew its stake in ONEOK by 1.7% during the 4th quarter. State Street Corp now owns 38,450,591 shares of the utilities provider’s stock worth $2,826,118,000 after buying an additional 648,647 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in ONEOK by 2.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 22,634,512 shares of the utilities provider’s stock worth $1,663,637,000 after buying an additional 599,248 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in ONEOK by 3.2% during the fourth quarter. Geode Capital Management LLC now owns 16,596,172 shares of the utilities provider’s stock worth $1,215,107,000 after buying an additional 518,746 shares during the period. Institutional investors and hedge funds own 69.13% of the company’s stock.

Analyst Ratings Changes

OKE has been the subject of several research analyst reports. Freedom Capital raised ONEOK from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 5th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of ONEOK in a report on Thursday, August 13th. Wall Street Zen upgraded shares of ONEOK from a “sell” rating to a “hold” rating in a research report on Sunday, August 9th. Truist Financial increased their price target on shares of ONEOK from $91.00 to $93.00 and gave the stock a “hold” rating in a research note on Monday, May 4th. Finally, Barclays lowered their price objective on shares of ONEOK from $90.00 to $88.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $91.94.

ONEOK Trading Down 0.3%

Shares of OKE stock opened at $93.06 on Tuesday. The company has a market capitalization of $58.66 billion, a P/E ratio of 16.05, a price-to-earnings-growth ratio of 2.60 and a beta of 0.73. The company has a current ratio of 0.74, a quick ratio of 0.59 and a debt-to-equity ratio of 1.34. The business’s 50 day moving average is $90.20 and its two-hundred day moving average is $88.40. ONEOK, Inc. has a twelve month low of $64.02 and a twelve month high of $97.90.

ONEOK (NYSE:OKE) last released its quarterly earnings results on Monday, August 3rd. The utilities provider reported $1.53 EPS for the quarter, topping the consensus estimate of $1.46 by $0.07. ONEOK had a return on equity of 16.41% and a net margin of 9.29%.The business had revenue of $12.05 billion during the quarter, compared to analysts’ expectations of $8.95 billion. During the same quarter in the prior year, the business earned $1.34 earnings per share. ONEOK has set its FY 2026 guidance at 5.680-5.680 EPS. Equities analysts forecast that ONEOK, Inc. will post 5.84 EPS for the current year.

ONEOK Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Monday, August 3rd were paid a $1.07 dividend. This represents a $4.28 annualized dividend and a dividend yield of 4.6%. The ex-dividend date was Monday, August 3rd. ONEOK’s dividend payout ratio (DPR) is 73.79%.

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.