Caitong International Asset Management Co. Ltd Has $210,000 Holdings in ONEOK, Inc. $OKE

Key Points

• Caitong International Asset Management cut its ONEOK holdings by 92.3% in the second quarter, selling 28,950 shares and retaining 2,418 shares valued at approximately $210,000. Institutional investors collectively own 69.13% of ONEOK.
• ONEOK reported quarterly earnings of $1.53 per share, exceeding estimates of $1.46, while revenue reached $12.05 billion versus the $8.95 billion consensus forecast.
• The company paid a quarterly dividend of $1.07 per share, equivalent to an annualized $4.28 payout and a 4.5% yield. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $91.81.

Caitong International Asset Management Co. Ltd trimmed its holdings in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 92.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,418 shares of the utilities provider's stock after selling 28,950 shares during the period. Caitong International Asset Management Co. Ltd's holdings in ONEOK were worth $210,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Zions Bancorporation National Association UT raised its holdings in shares of ONEOK by 73.3% in the fourth quarter. Zions Bancorporation National Association UT now owns 338 shares of the utilities provider's stock valued at $25,000 after buying an additional 143 shares during the last quarter. Elyxium Wealth LLC bought a new stake in ONEOK during the 4th quarter worth about $29,000. Cornerstone Financial Management LLC bought a new stake in ONEOK during the 4th quarter worth about $29,000. Portus Wealth Advisors LLC acquired a new stake in ONEOK in the 1st quarter valued at about $33,000. Finally, Wilkerson Advisory Group LLC increased its position in ONEOK by 51.4% in the 1st quarter. Wilkerson Advisory Group LLC now owns 392 shares of the utilities provider's stock valued at $35,000 after acquiring an additional 133 shares in the last quarter. Institutional investors own 69.13% of the company's stock.

ONEOK Stock Performance

ONEOK stock opened at $94.99 on Friday. The company has a market cap of $59.88 billion, a PE ratio of 16.38, a PEG ratio of 4.95 and a beta of 0.73. The company has a current ratio of 0.74, a quick ratio of 0.59 and a debt-to-equity ratio of 1.34. ONEOK, Inc. has a 1 year low of $64.02 and a 1 year high of $96.07. The company's 50-day moving average is $89.48 and its two-hundred day moving average is $87.61.

ONEOK (NYSE:OKE - Get Free Report) last issued its quarterly earnings results on Monday, August 3rd. The utilities provider reported $1.53 EPS for the quarter, topping the consensus estimate of $1.46 by $0.07. The company had revenue of $12.05 billion during the quarter, compared to analysts' expectations of $8.95 billion. ONEOK had a net margin of 9.29% and a return on equity of 16.41%. During the same quarter in the previous year, the company earned $1.34 EPS. ONEOK has set its FY 2026 guidance at 5.680-5.680 EPS. Equities analysts anticipate that ONEOK, Inc. will post 5.87 earnings per share for the current year.

ONEOK Announces Dividend

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 dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend was Monday, August 3rd. ONEOK's payout ratio is currently 73.79%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on OKE. 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 report on Tuesday, July 21st. Freedom Capital upgraded shares of ONEOK from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 5th. Wall Street Zen raised ONEOK from a "sell" rating to a "hold" rating in a report on Sunday, August 9th. Finally, Morgan Stanley reiterated an "equal weight" rating and issued a $103.00 price objective (down from $113.00) on shares of ONEOK in a research report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, ONEOK presently has an average rating of "Moderate Buy" and a consensus target price of $91.81.

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.

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