Vaughan Nelson Investment Management L.P. Sells 10,845 Shares of ONEOK, Inc. $OKE

Vaughan Nelson Investment Management L.P. trimmed its position in ONEOK, Inc. (NYSE:OKE) by 62.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,533 shares of the utilities provider’s stock after selling 10,845 shares during the period. Vaughan Nelson Investment Management L.P.’s holdings in ONEOK were worth $480,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Empowered Funds LLC raised its position 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 buying an additional 137 shares during the last quarter. Focused Wealth Management Inc grew its stake in shares of ONEOK by 4.3% during the 3rd quarter. Focused Wealth Management Inc now owns 3,441 shares of the utilities provider’s stock worth $251,000 after acquiring an additional 142 shares in the last quarter. JFS Wealth Advisors LLC raised its holdings in shares of ONEOK by 8.4% in the fourth quarter. JFS Wealth Advisors LLC now owns 1,864 shares of the utilities provider’s stock valued at $137,000 after purchasing an additional 144 shares during the last quarter. Silver Lake Advisory LLC lifted its position in shares of ONEOK by 1.4% in the third quarter. Silver Lake Advisory LLC now owns 10,788 shares of the utilities provider’s stock worth $787,000 after purchasing an additional 147 shares in the last quarter. Finally, Alternative Investment Advisors LLC. boosted its holdings in ONEOK by 1.2% during the second quarter. Alternative Investment Advisors LLC. now owns 12,479 shares of the utilities provider’s stock worth $1,019,000 after purchasing an additional 148 shares during the last quarter. 69.13% of the stock is currently owned by institutional investors.

ONEOK Stock Down 2.9%

Shares of OKE stock opened at $90.29 on Wednesday. ONEOK, Inc. has a 52-week low of $64.02 and a 52-week high of $100.57. The stock has a market cap of $56.86 billion, a price-to-earnings ratio of 16.66, a PEG ratio of 7.06 and a beta of 0.93. The firm’s 50-day moving average is $84.59 and its 200-day moving average is $76.13. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.56 and a current ratio of 0.71.

ONEOK (NYSE:OKE) last posted its quarterly earnings results on Monday, February 23rd. The utilities provider reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.50 by $0.05. The business had revenue of $9.07 billion during the quarter, compared to analysts’ expectations of $8.77 billion. ONEOK had a return on equity of 15.29% and a net margin of 10.09%.During the same quarter last year, the company posted $1.57 earnings per share. ONEOK has set its FY 2026 guidance at 5.040-5.870 EPS. Sell-side analysts predict that ONEOK, Inc. will post 5.07 EPS for the current year.

ONEOK Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Monday, February 2nd were issued a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend was Monday, February 2nd. This is a boost from ONEOK’s previous quarterly dividend of $1.03. ONEOK’s payout ratio is presently 78.97%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Scotiabank reiterated an “outperform” rating and issued a $91.00 price target on shares of ONEOK in a research note on Friday, January 16th. Barclays raised their price objective on ONEOK from $76.00 to $82.00 and gave the company an “equal weight” rating in a report on Thursday, March 5th. Truist Financial assumed coverage on ONEOK in a report on Tuesday, March 24th. They set a “hold” rating and a $91.00 target price on the stock. Wells Fargo & Company upgraded ONEOK from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $81.00 to $100.00 in a research note on Wednesday, March 25th. Finally, Jefferies Financial Group raised ONEOK from a “hold” rating to a “buy” rating and boosted their price target for the stock from $85.00 to $98.00 in a research report on Friday, March 20th. Nine analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $88.94.

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.