Evanson Financial LLC Invests $2.67 Million in ONEOK, Inc. $OKE

Evanson Financial LLC bought a new stake in shares of ONEOK, Inc. (NYSE:OKE) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 30,662 shares of the utilities provider’s stock, valued at approximately $2,666,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Brighton Jones LLC raised its stake in shares of ONEOK by 137.1% during the 4th quarter. Brighton Jones LLC now owns 15,278 shares of the utilities provider’s stock worth $1,534,000 after buying an additional 8,834 shares during the period. Empowered Funds LLC grew its stake in ONEOK by 0.8% in the 1st quarter. Empowered Funds LLC now owns 17,957 shares of the utilities provider’s stock valued at $1,782,000 after acquiring an additional 137 shares during the period. Acadian Asset Management LLC purchased a new stake in ONEOK in the 1st quarter worth $216,000. Federated Hermes Inc. increased its holdings in ONEOK by 14.0% in the 2nd quarter. Federated Hermes Inc. now owns 3,120 shares of the utilities provider’s stock worth $255,000 after acquiring an additional 383 shares in the last quarter. Finally, NewEdge Advisors LLC raised its position in ONEOK by 3.9% during the second quarter. NewEdge Advisors LLC now owns 130,347 shares of the utilities provider’s stock worth $10,640,000 after acquiring an additional 4,902 shares during the period. Hedge funds and other institutional investors own 69.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on OKE. Barclays dropped their target price 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. Weiss Ratings upgraded shares of ONEOK from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, May 18th. Royal Bank Of Canada raised their price target on shares of ONEOK from $84.00 to $90.00 and gave the company a “sector perform” rating in a research note on Tuesday, July 21st. Freedom Capital upgraded ONEOK from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 5th. Finally, Wells Fargo & Company cut their price objective on ONEOK from $100.00 to $98.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. Seven investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $91.81.

ONEOK Price Performance

ONEOK stock opened at $87.82 on Friday. The company has a fifty day simple moving average of $88.91 and a 200-day simple moving average of $87.05. The firm has a market capitalization of $55.36 billion, a price-to-earnings ratio of 15.14, a PEG ratio of 4.70 and a beta of 0.73. The company has a quick ratio of 0.56, a current ratio of 0.74 and a debt-to-equity ratio of 1.34. ONEOK, Inc. has a 52-week low of $64.02 and a 52-week high of $96.07.

ONEOK (NYSE:OKE) last posted its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $8.95 billion. During the same period last year, the firm posted $1.34 earnings per share. ONEOK has set its FY 2026 guidance at 5.680-5.680 EPS. On average, equities analysts anticipate that ONEOK, Inc. will post 5.68 EPS for the current fiscal year.

ONEOK Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Monday, August 3rd will be given a $1.07 dividend. The ex-dividend date is Monday, August 3rd. This represents a $4.28 dividend on an annualized basis and a dividend yield of 4.9%. ONEOK’s dividend payout ratio is 73.79%.

Key Stories Impacting ONEOK

Here are the key news stories impacting ONEOK this week:

• Positive Sentiment: ONEOK reported second-quarter adjusted earnings of $1.53 per share, ahead of the $1.46 consensus estimate, with revenue of $12.05 billion versus expectations of $8.95 billion. Results also improved from $1.34 per share in the year-ago quarter. Oneok Q2 Earnings: What Key Metrics Have to Say
• Positive Sentiment: Management raised its 2026 adjusted EBITDA guidance to an $8.35 billion midpoint and maintained full-year EPS guidance of $5.68. Record NGL throughput, project start-ups, stronger utilization and commercial wins are expected to support mid- to high-single-digit EBITDA growth. ONEOK Hikes Full-Year Guidance After Record NGL Volumes Drive Earnings Growth
• Positive Sentiment: Zacks characterized ONEOK as a strong value stock, which could appeal to investors seeking valuation support in the energy-infrastructure sector. Why ONEOK Is a Strong Value Stock
• Neutral Sentiment: ONEOK released its annual corporate sustainability report. The disclosure may support transparency and stakeholder confidence, but it does not materially change near-term earnings expectations. ONEOK Releases Annual Corporate Sustainability Report
• Neutral Sentiment: Jefferies reaffirmed a Hold rating, and broader analyst sentiment toward ONEOK remains mixed. This may limit upside from the strong earnings report unless execution and guidance continue to improve. Jefferies Reaffirms Hold Rating on ONEOK

ONEOK 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.