37,613 Shares in ONEOK, Inc. $OKE Bought by SIR Capital Management L.P.

Key Points

• SIR Capital Management acquired 37,613 ONEOK shares worth approximately $3.27 million in the second quarter. Institutional investors collectively own 69.13% of the company.
• ONEOK reported quarterly EPS of $1.53, exceeding analyst estimates of $1.46, while revenue reached $12.05 billion versus the $8.95 billion consensus forecast.
• The company maintains a quarterly dividend of $1.07, equivalent to $4.28 annually and a 4.6% yield. Analysts have a consensus “Moderate Buy” rating with an average price target of $91.94.

SIR Capital Management L.P. acquired a new stake in shares of ONEOK, Inc. (NYSE:OKE - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 37,613 shares of the utilities provider's stock, valued at approximately $3,270,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Zions Bancorporation National Association UT increased its position in ONEOK by 73.3% in the 4th quarter. Zions Bancorporation National Association UT now owns 338 shares of the utilities provider's stock worth $25,000 after purchasing an additional 143 shares during the last quarter. Elyxium Wealth LLC bought a new stake in shares of ONEOK in the 4th quarter valued at approximately $29,000. Cornerstone Financial Management LLC acquired a new position in ONEOK in the fourth quarter worth approximately $29,000. Portus Wealth Advisors LLC acquired a new stake in ONEOK in the first quarter valued at approximately $33,000. Finally, Wilkerson Advisory Group LLC grew its position in ONEOK by 51.4% in the first quarter. Wilkerson Advisory Group LLC now owns 392 shares of the utilities provider's stock worth $35,000 after acquiring an additional 133 shares in the last quarter. Hedge funds and other institutional investors own 69.13% of the company's stock.

ONEOK Stock Down 0.3%

ONEOK stock opened at $93.06 on Tuesday. 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, Inc. has a fifty-two week low of $64.02 and a fifty-two week high of $97.90. The firm has a fifty day moving average price of $90.20 and a two-hundred day moving average price of $88.40. The firm has a market cap of $58.66 billion, a price-to-earnings ratio of 16.05, a P/E/G ratio of 2.60 and a beta of 0.73.

ONEOK (NYSE:OKE - Get Free Report) last issued its quarterly earnings results 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 company had revenue of $12.05 billion for 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 period last year, the business posted $1.34 earnings per share. ONEOK has set its FY 2026 guidance at 5.680-5.680 EPS. As a group, analysts forecast that ONEOK, Inc. will post 5.84 earnings per share for the current year.

ONEOK Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on OKE. Wall Street Zen upgraded shares of ONEOK from a "sell" rating to a "hold" rating in a report on Sunday, August 9th. Barclays decreased their price objective on shares of ONEOK from $90.00 to $88.00 and set an "equal weight" rating for the company in a report on Wednesday, July 8th. Morgan Stanley increased their target price on shares of ONEOK from $103.00 to $105.00 and gave the stock an "equal weight" rating in a research report on Tuesday, August 18th. Royal Bank Of Canada boosted their price target on ONEOK from $84.00 to $90.00 and gave the stock a "sector perform" rating in a research report on Tuesday, July 21st. Finally, Citigroup upped their price target on ONEOK from $95.00 to $97.00 and gave the stock a "buy" rating in a research note on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $91.94.

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.

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