Jefferies Financial Group Inc. Has $614,000 Position in ONEOK, Inc. $OKE

Jefferies Financial Group Inc. lessened its holdings in shares of ONEOK, Inc. (NYSE:OKE) by 97.2% in the 2nd quarter, Holdings Channel.com reports. The firm owned 7,066 shares of the utilities provider’s stock after selling 247,715 shares during the quarter. Jefferies Financial Group Inc.’s holdings in ONEOK were worth $614,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in OKE. Public Employees Retirement System of Ohio increased its position in ONEOK by 0.7% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 187,214 shares of the utilities provider’s stock worth $16,276,000 after buying an additional 1,317 shares during the period. MASTERINVEST Kapitalanlage GmbH boosted its position in shares of ONEOK by 47.2% in the second quarter. MASTERINVEST Kapitalanlage GmbH now owns 15,590 shares of the utilities provider’s stock valued at $1,355,000 after acquiring an additional 5,000 shares during the period. AtlasMark Financial Inc bought a new stake in shares of ONEOK in the second quarter valued at approximately $219,000. Redwood Investment Management LLC grew its stake in shares of ONEOK by 3.1% in the second quarter. Redwood Investment Management LLC now owns 9,820 shares of the utilities provider’s stock worth $854,000 after acquiring an additional 296 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new position in ONEOK during the second quarter worth $269,000. Institutional investors and hedge funds own 69.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on OKE. Citigroup increased their price target on shares of ONEOK from $95.00 to $97.00 and gave the company a “buy” rating in a report on Thursday, May 7th. UBS Group reiterated a “neutral” rating and issued a $108.00 target price on shares of ONEOK in a research note on Monday. Truist Financial upped their price target on ONEOK from $91.00 to $93.00 and gave the company a “hold” rating in a report on Monday, May 4th. US Capital Advisors downgraded ONEOK from a “strong-buy” rating to a “moderate buy” rating in a research report on Thursday, August 20th. Finally, Wall Street Zen upgraded ONEOK from a “sell” rating to a “hold” rating in a research report on Sunday, August 9th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, ONEOK has a consensus rating of “Moderate Buy” and an average price target of $92.25.

ONEOK Stock Up 1.4%

NYSE OKE opened at $96.11 on Tuesday. The stock’s 50 day simple moving average is $91.09 and its 200 day simple moving average is $88.84. ONEOK, Inc. has a one year low of $64.02 and a one year high of $97.90. The firm has a market cap of $60.58 billion, a PE ratio of 16.57, a price-to-earnings-growth ratio of 2.64 and a beta of 0.73. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.74 and a quick ratio of 0.59.

ONEOK (NYSE:OKE) last issued its quarterly earnings data on Monday, August 3rd. The utilities provider reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.07. The firm had revenue of $12.05 billion during the quarter, compared to the consensus estimate of $8.95 billion. ONEOK had a return on equity of 16.41% and a net margin of 9.29%.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. As a group, sell-side analysts forecast that ONEOK, Inc. will post 5.84 earnings per share for the current fiscal year.

ONEOK Dividend Announcement

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

ONEOK News Summary

Here are the key news stories impacting ONEOK this week:

• Positive Sentiment: ONEOK agreed to acquire Brazos Midstream’s natural-gas gathering and processing assets in the Midland Basin for approximately $4.425 billion. The deal is expected to more than double ONEOK’s Midland Basin processing capacity, expand its Permian footprint and provide immediate earnings and free-cash-flow-per-share accretion. ONEOK to Acquire Brazos Midstream’s Permian Midland Basin Assets
• Positive Sentiment: Funds managed by Apollo Global Management will make a $9 billion nonvoting minority equity investment. ONEOK plans to use $5 billion of the proceeds to retire debt, accelerating deleveraging to an estimated 3.25 times debt-to-EBITDA and preserving flexibility for organic investment, potential dividend increases and share repurchases. ONEOK’s $4.4 Billion Deal Comes With a $9 Billion Twist
• Positive Sentiment: Management said the acquisition supports the high end of its mid- to high-single-digit adjusted EBITDA growth target over the next five to seven years. The transaction is valued at roughly 7.5 times estimated 2027 EBITDA, including $80 million in annual synergies, and 6 times estimated 2028 EBITDA. ONEOK Bets $4.425 Billion on Brazos Assets
• Neutral Sentiment: Analysts and market commentary continue to highlight ONEOK’s strong cash-generation profile, dividend appeal and momentum. However, after a 133.5% five-year total return and a stock price near its 52-week high, opinions differ on whether the shares remain undervalued. ONEOK Stock Still Looks Like a Bargain on Cash Flow
• Negative Sentiment: The large acquisition and corporate reorganization introduce execution, integration and financing risks. Apollo’s minority investment may also reduce existing shareholders’ proportional economic interest, while the expanded asset base increases ONEOK’s exposure to Permian production volumes and operating performance.

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.