Waverly Advisors LLC Sells 10,998 Shares of ONEOK, Inc. $OKE

Waverly Advisors LLC lowered its stake in shares of ONEOK, Inc. (NYSE:OKE) by 14.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 66,689 shares of the utilities provider’s stock after selling 10,998 shares during the quarter. Waverly Advisors LLC’s holdings in ONEOK were worth $5,798,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Pin Oak Investment Advisors Inc. bought a new stake in shares of ONEOK in the second quarter valued at approximately $28,000. Zions Bancorporation National Association UT boosted its holdings in ONEOK by 73.3% in the 4th quarter. Zions Bancorporation National Association UT now owns 338 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 143 shares during the period. Portus Wealth Advisors LLC acquired a new stake in ONEOK in the 1st quarter worth $33,000. Transamerica Financial Advisors LLC increased its holdings in shares of ONEOK by 69.6% during the 2nd quarter. Transamerica Financial Advisors LLC now owns 363 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 149 shares during the period. Finally, Elyxium Wealth LLC acquired a new position in shares of ONEOK during the fourth quarter valued at about $29,000. Institutional investors and hedge funds own 69.13% of the company’s stock.

ONEOK Stock Performance

Shares of NYSE:OKE opened at $95.74 on Friday. ONEOK, Inc. has a twelve month low of $64.02 and a twelve month high of $99.85. The firm has a market cap of $60.35 billion, a PE ratio of 16.51, a price-to-earnings-growth ratio of 2.72 and a beta of 0.74. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.59 and a current ratio of 0.74. The business has a fifty day moving average of $92.38 and a 200-day moving average of $89.40.

ONEOK (NYSE:OKE) last posted its quarterly earnings data on Monday, August 3rd. The utilities provider reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.07. ONEOK had a net margin of 9.29% and a return on equity of 16.41%. The firm had revenue of $12.05 billion during the quarter, compared to analysts’ expectations of $8.95 billion. During the same quarter in the previous year, the company posted $1.34 EPS. ONEOK has set its FY 2026 guidance at 5.680-5.680 EPS. On average, equities research analysts predict that ONEOK, Inc. will post 5.74 EPS for the current fiscal year.

ONEOK Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Monday, August 3rd were issued a dividend of $1.07 per share. The ex-dividend date was Monday, August 3rd. This represents a $4.28 dividend on an annualized basis and a yield of 4.5%. ONEOK’s dividend payout ratio (DPR) is 73.79%.

Analyst Upgrades and Downgrades

OKE has been the topic of several research reports. Morgan Stanley boosted their price target on ONEOK from $105.00 to $112.00 and gave the company an “equal weight” rating in a research note on Wednesday. Scotiabank upped their target price on ONEOK from $89.00 to $95.00 and gave the company a “sector perform” rating in a research note on Tuesday, September 1st. Freedom Capital upgraded shares of ONEOK from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 5th. UBS Group set a $105.00 price objective on shares of ONEOK in a research note on Wednesday, September 2nd. Finally, Wells Fargo & Company upped their target price on shares of ONEOK from $98.00 to $106.00 and gave the company an “overweight” rating in a research note on Wednesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat.com, ONEOK has a consensus rating of “Hold” and a consensus target price of $96.62.

ONEOK Profile

ONEOK, Inc (NYSE: OKE) is an energy infrastructure company that gathers, processes, stores and transports natural gas and natural gas liquids (NGLs). Its operations connect production areas with domestic and international markets through pipelines, processing facilities, fractionation plants, storage assets and export infrastructure.

The company’s services include natural gas gathering and processing, interstate and intrastate natural gas transportation and storage, and the gathering, fractionation, storage and transportation of NGLs such as ethane, propane, normal butane, isobutane and natural gasoline.