Diversify Advisory Services LLC Buys Shares of 21,829 ONEOK, Inc. $OKE

Key Points

• Diversify Advisory Services acquired 21,829 ONEOK shares worth approximately $1.95 million in the second quarter. Institutional investors collectively own 69.13% of the company, with several funds substantially increasing their positions.
• ONEOK reported quarterly EPS of $1.53, beating estimates of $1.46, while revenue reached $12.05 billion versus the $8.95 billion consensus forecast. The company maintained fiscal 2026 guidance of $5.68 EPS.
• ONEOK pays a quarterly dividend of $1.07 per share, representing a $4.28 annualized payout and a 4.4% yield. Analysts maintain a “Moderate Buy” consensus rating, with an average price target of $91.94.

Diversify Advisory Services LLC acquired a new position in ONEOK, Inc. (NYSE:OKE - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 21,829 shares of the utilities provider's stock, valued at approximately $1,953,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Triune Financial Partners LLC purchased a new position in shares of ONEOK in the 4th quarter valued at about $1,151,000. Swiss Life Asset Management Ltd grew its position in shares of ONEOK by 219.5% in the 4th quarter. Swiss Life Asset Management Ltd now owns 1,522,404 shares of the utilities provider's stock valued at $111,897,000 after buying an additional 1,045,976 shares during the last quarter. Castle Rock Wealth Management LLC increased its position in shares of ONEOK by 360.0% during the fourth quarter. Castle Rock Wealth Management LLC now owns 36,216 shares of the utilities provider's stock worth $2,815,000 after purchasing an additional 28,343 shares in the last quarter. First Eagle Investment Management LLC increased its position in shares of ONEOK by 46.3% during the fourth quarter. First Eagle Investment Management LLC now owns 11,365,304 shares of the utilities provider's stock worth $835,350,000 after purchasing an additional 3,596,089 shares in the last quarter. Finally, Torray Investment Partners LLC purchased a new stake in shares of ONEOK in the 4th quarter valued at about $19,109,000. 69.13% of the stock is currently owned by hedge funds and other institutional investors.

ONEOK Price Performance

ONEOK stock opened at $97.58 on Wednesday. ONEOK, Inc. has a 12 month low of $64.02 and a 12 month high of $97.90. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.74 and a quick ratio of 0.59. The business has a 50 day simple moving average of $89.82 and a 200-day simple moving average of $87.93. The stock has a market capitalization of $61.51 billion, a PE ratio of 16.82, a price-to-earnings-growth ratio of 7.10 and a beta of 0.73.

ONEOK (NYSE:OKE - Get Free Report) last posted its quarterly earnings data on Monday, August 3rd. The utilities provider reported $1.53 earnings per share for the quarter, beating analysts' consensus estimates of $1.46 by $0.07. The firm had revenue of $12.05 billion for the quarter, compared to analyst estimates of $8.95 billion. ONEOK had a net margin of 9.29% and a return on equity of 16.41%. During the same period last year, the firm posted $1.34 EPS. ONEOK has set its FY 2026 guidance at 5.680-5.680 EPS. Equities analysts predict that ONEOK, Inc. will post 5.81 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 given a dividend of $1.07 per share. The ex-dividend date was Monday, August 3rd. This represents a $4.28 annualized dividend and a yield of 4.4%. ONEOK's payout ratio is presently 73.79%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Scotiabank downgraded ONEOK from a "sector outperform" rating to a "sector perform" rating and dropped their price target for the stock from $92.00 to $89.00 in a research note on Thursday, April 30th. Royal Bank Of Canada boosted their price objective on ONEOK from $84.00 to $90.00 and gave the company a "sector perform" rating in a research note on Tuesday, July 21st. JPMorgan Chase & Co. increased their price objective on ONEOK from $91.00 to $92.00 and gave the company a "neutral" rating in a report on Friday, May 8th. TD Cowen raised their target price on shares of ONEOK from $85.00 to $90.00 and gave the stock a "hold" rating in a research report on Thursday, July 16th. Finally, Barclays cut their target price on shares of ONEOK from $90.00 to $88.00 and set an "equal weight" rating on the stock in a report on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and ten have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, ONEOK currently has a consensus rating of "Moderate Buy" and a consensus price target of $91.94.

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.

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