ONEOK, Inc. $OKE Shares Sold by HUB Investment Partners LLC

Key Points

• HUB Investment Partners cut its ONEOK stake by 15.5% in Q3, selling 31,796 shares and leaving 173,880 shares worth about $12.69M, while overall institutional ownership of the stock is roughly 69.13%.
• ONEOK beat the quarter with $1.55 EPS (vs. $1.50 expected) and $9.07B revenue (vs. $8.77B), and set FY2026 guidance of $5.04–$5.87 EPS (analysts expect about $5.07).
• The company raised its quarterly dividend to $1.07 (annualized $4.28), yielding about 4.9% with a payout ratio near 79%.

HUB Investment Partners LLC lowered its holdings in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 15.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 173,880 shares of the utilities provider's stock after selling 31,796 shares during the quarter. HUB Investment Partners LLC's holdings in ONEOK were worth $12,688,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ramirez Asset Management Inc. lifted its position in shares of ONEOK by 10.6% during the 3rd quarter. Ramirez Asset Management Inc. now owns 25,237 shares of the utilities provider's stock valued at $1,842,000 after buying an additional 2,420 shares in the last quarter. Chapman Financial Group LLC increased its holdings in ONEOK by 6.3% in the 3rd quarter. Chapman Financial Group LLC now owns 3,390 shares of the utilities provider's stock worth $247,000 after acquiring an additional 200 shares in the last quarter. Aptus Capital Advisors LLC raised its position in ONEOK by 5.8% during the third quarter. Aptus Capital Advisors LLC now owns 5,241 shares of the utilities provider's stock worth $382,000 after acquiring an additional 285 shares during the period. Longfellow Investment Management Co. LLC acquired a new position in ONEOK during the third quarter worth $668,000. Finally, Barclays PLC lifted its holdings in ONEOK by 5.8% during the third quarter. Barclays PLC now owns 1,326,215 shares of the utilities provider's stock valued at $96,774,000 after purchasing an additional 72,477 shares in the last quarter. 69.13% of the stock is currently owned by hedge funds and other institutional investors.

ONEOK Trading Up 1.6%

OKE opened at $86.95 on Friday. The firm has a market capitalization of $54.76 billion, a price-to-earnings ratio of 16.04, a price-to-earnings-growth ratio of 5.06 and a beta of 0.93. The company's 50 day simple moving average is $79.43 and its two-hundred day simple moving average is $74.38. ONEOK, Inc. has a 1-year low of $64.02 and a 1-year high of $103.64. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.71 and a quick ratio of 0.56.

ONEOK (NYSE:OKE - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $9.07 billion for the quarter, compared to the consensus estimate 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 business posted $1.57 earnings per share. ONEOK has set its FY 2026 guidance at 5.040-5.870 EPS. Analysts expect that ONEOK, Inc. will post 5.07 EPS for the current fiscal year.

ONEOK Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Monday, February 2nd were issued a $1.07 dividend. This is an increase from ONEOK's previous quarterly dividend of $1.03. This represents a $4.28 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date of this dividend was Monday, February 2nd. ONEOK's payout ratio is currently 78.97%.

Analysts Set New Price Targets

OKE has been the subject of a number of research reports. Weiss Ratings reissued a "hold (c)" rating on shares of ONEOK in a research note on Monday, December 29th. Wolfe Research cut ONEOK from an "outperform" rating to a "peer perform" rating in a report on Wednesday, February 25th. Wells Fargo & Company reduced their target price on ONEOK from $82.00 to $79.00 and set an "equal weight" rating for the company in a report on Wednesday, February 25th. JPMorgan Chase & Co. lowered ONEOK from an "overweight" rating to a "neutral" rating and lowered their price target for the stock from $87.00 to $83.00 in a research note on Tuesday, January 27th. Finally, Mizuho set a $89.00 price objective on ONEOK in a research note on Monday, February 23rd. Seven analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $86.47.

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.

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