Sprinkle Financial Consultants LLC Has $14.83 Million Stock Holdings in ONEOK, Inc. $OKE

Key Points

• Sprinkle Financial Consultants increased its ONEOK stake by 33.5% in the second quarter, owning 170,549 shares valued at approximately $14.83 million. ONEOK represents about 5.8% of the firm’s portfolio, while institutional investors collectively own 69.13% of the stock.
• Analysts maintain a generally positive outlook, with ONEOK holding a consensus “Moderate Buy” rating and an average price target of $91.81. Recent target prices range from $90 to $98, though one firm downgraded the stock to “sell.”
• ONEOK exceeded quarterly earnings expectations, reporting $1.53 in EPS versus a $1.46 consensus estimate and $12.05 billion in revenue. The company also declared a $1.07 quarterly dividend, equivalent to $4.28 annually and a 5.0% yield.

Sprinkle Financial Consultants LLC increased its stake in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 33.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 170,549 shares of the utilities provider's stock after acquiring an additional 42,770 shares during the quarter. ONEOK makes up about 5.8% of Sprinkle Financial Consultants LLC's portfolio, making the stock its 3rd largest position. Sprinkle Financial Consultants LLC's holdings in ONEOK were worth $14,828,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also bought and sold shares of the company. Zions Bancorporation National Association UT raised its position in shares of ONEOK by 73.3% during the fourth 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 period. Portus Wealth Advisors LLC acquired a new stake in ONEOK in the 1st quarter valued at $33,000. Elyxium Wealth LLC acquired a new stake in ONEOK in the 4th quarter valued at $29,000. Wilkerson Advisory Group LLC increased its stake in ONEOK by 51.4% during the 1st quarter. Wilkerson Advisory Group LLC now owns 392 shares of the utilities provider's stock valued at $35,000 after purchasing an additional 133 shares in the last quarter. Finally, Cornerstone Financial Management LLC bought a new stake in ONEOK during the 4th quarter valued at $29,000. 69.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

OKE has been the topic of a number of recent research reports. TD Cowen raised their price objective on shares of ONEOK from $85.00 to $90.00 and gave the company a "hold" rating in a research note on Thursday, July 16th. Royal Bank Of Canada boosted their target price on shares of ONEOK from $84.00 to $90.00 and gave the stock a "sector perform" rating in a research report on Tuesday, July 21st. Citigroup upped their target price on shares of ONEOK from $95.00 to $97.00 and gave the stock a "buy" rating in a report on Thursday, May 7th. Wells Fargo & Company cut their price target on ONEOK from $100.00 to $98.00 and set an "overweight" rating for the company in a research note on Thursday, April 30th. Finally, Wall Street Zen lowered ONEOK from a "hold" rating to a "sell" rating in a report on Saturday, August 1st. 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 MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $91.81.

ONEOK Trading Down 1.8%

Shares of OKE stock opened at $86.33 on Friday. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.56 and a current ratio of 0.74. The company has a market capitalization of $54.42 billion, a price-to-earnings ratio of 14.89, a PEG ratio of 4.58 and a beta of 0.73. ONEOK, Inc. has a 52-week low of $64.02 and a 52-week high of $96.07. The company has a 50-day simple moving average of $88.95 and a two-hundred day simple moving average of $87.04.

ONEOK (NYSE:OKE - Get Free Report) last posted its 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. ONEOK had a net margin of 9.29% and a return on equity of 16.41%. The firm had revenue of $12.05 billion for the quarter, compared to analysts' expectations of $8.95 billion. During the same quarter last year, the firm earned $1.34 EPS. ONEOK has set its FY 2026 guidance at 5.680-5.680 EPS. Research analysts anticipate that ONEOK, Inc. will post 5.87 EPS for the current fiscal year.

ONEOK Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Monday, August 3rd will be given a $1.07 dividend. The ex-dividend date of this dividend is Monday, August 3rd. This represents a $4.28 annualized dividend and a yield of 5.0%. ONEOK's payout ratio is currently 73.79%.

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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