Callan Family Office LLC Buys New Position in ONEOK, Inc. $OKE

Callan Family Office LLC bought a new stake in shares of ONEOK, Inc. (NYSE:OKE - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 14,375 shares of the utilities provider's stock, valued at approximately $1,250,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Meridian Wealth Management LLC grew its holdings in ONEOK by 1.8% during the second quarter. Meridian Wealth Management LLC now owns 6,598 shares of the utilities provider's stock worth $574,000 after acquiring an additional 115 shares during the period. Clearstead Trust LLC grew its stake in shares of ONEOK by 4.7% in the 1st quarter. Clearstead Trust LLC now owns 2,632 shares of the utilities provider's stock worth $238,000 after purchasing an additional 117 shares during the last quarter. Hoxton Planning & Management LLC raised its holdings in shares of ONEOK by 2.3% in the 4th quarter. Hoxton Planning & Management LLC now owns 5,372 shares of the utilities provider's stock worth $395,000 after purchasing an additional 120 shares in the last quarter. Welch Group LLC lifted its stake in ONEOK by 0.8% during the first quarter. Welch Group LLC now owns 14,859 shares of the utilities provider's stock valued at $1,343,000 after purchasing an additional 122 shares during the last quarter. Finally, Pine Valley Investments Ltd Liability Co lifted its stake in ONEOK by 0.5% during the first quarter. Pine Valley Investments Ltd Liability Co now owns 26,261 shares of the utilities provider's stock valued at $2,374,000 after purchasing an additional 122 shares during the last quarter. 69.13% of the stock is currently owned by institutional investors.

ONEOK Stock Up 0.1%

OKE stock opened at $93.43 on Monday. The company has a 50 day moving average of $90.09 and a two-hundred day moving average of $88.29. The company has a market cap of $58.90 billion, a price-to-earnings ratio of 16.11, a PEG ratio of 2.60 and a beta of 0.73. ONEOK, Inc. has a 12-month low of $64.02 and a 12-month high of $97.90. The company has a quick ratio of 0.59, a current ratio of 0.74 and a debt-to-equity ratio of 1.34.

ONEOK (NYSE:OKE - Get Free Report) last posted its quarterly earnings results on Monday, August 3rd. The utilities provider reported $1.53 EPS for the quarter, beating 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 business had revenue of $12.05 billion for the quarter, compared to analysts' expectations of $8.95 billion. During the same period in the previous year, the company posted $1.34 EPS. ONEOK has set its FY 2026 guidance at 5.680-5.680 EPS. On average, equities analysts anticipate that ONEOK, Inc. will post 5.84 earnings per share for the current fiscal year.

ONEOK Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Monday, August 3rd were issued a $1.07 dividend. The ex-dividend date 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 is currently 73.79%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on OKE shares. Scotiabank lowered ONEOK from a "sector outperform" rating to a "sector perform" rating and reduced their price objective for the stock from $92.00 to $89.00 in a research note on Thursday, April 30th. Citigroup upped their target price on ONEOK from $95.00 to $97.00 and gave the company a "buy" rating in a report on Thursday, May 7th. Wells Fargo & Company decreased their price target on ONEOK from $100.00 to $98.00 and set an "overweight" rating for the company in a research report on Thursday, April 30th. JPMorgan Chase & Co. lifted their price target on ONEOK from $91.00 to $92.00 and gave the stock a "neutral" rating in a research note on Friday, May 8th. Finally, Morgan Stanley boosted their price objective on ONEOK from $103.00 to $105.00 and gave the stock an "equal weight" rating in a report on Tuesday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have given a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $91.94.

Key ONEOK News

Here are the key news stories impacting ONEOK this week:

• Positive Sentiment: US Capital Advisors raised its EPS forecasts across multiple periods, including Q3 2026 to $1.56 from $1.45, FY2026 to $5.90 from $5.67, FY2027 to $6.36 from $6.12, and FY2028 to $7.22 from $6.97. The firm’s FY2026 estimate is above the $5.82 analyst consensus, suggesting stronger expected operating performance. MarketBeat ONEOK analyst estimates
• Positive Sentiment: The revisions also lifted forecasts for Q1 through Q4 2027, indicating that US Capital Advisors expects ONEOK’s earnings growth to continue beyond 2026.
• Positive Sentiment: Recent commentary describes ONEOK as a high-yield pipeline stock whose ongoing strength may be underestimated by investors, supporting the long-term income and growth narrative. High-Yield Pipeline Stock Investors Keep Underestimating
• Neutral Sentiment: Analysts maintain a consensus “Moderate Buy” rating for OKE, while Morgan Stanley has indicated that the stock could rise. These views provide support but do not represent new company-specific operating results. ONEOK Consensus Rating Morgan Stanley ONEOK Price Outlook
• Negative Sentiment: US Capital Advisors downgraded ONEOK from “Strong Buy” to “Moderate Buy.” Although the firm raised its earnings estimates, the less-optimistic rating may be pressuring the stock today, particularly after OKE’s recent strong run toward its 52-week high. Zacks ONEOK rating update

About ONEOK

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source