First Citizens Bank & Trust 13F: Exits ONEOK (OKE) Stake

First Citizens Bank & Trust has completely sold its shares in ONEOK, Inc. (NYSE:OKE), according to the latest Form 13F filing with the SEC. The bank sold all 45,556 shares it previously held, resulting in a 100% decrease in its position. This move leaves First Citizens with no remaining shares in the company, valued at $0 as of the filing date.

What Changed in First Citizens Bank & Trust's ONEOK, Inc. Position

First Citizens Bank & Trust closed its position in ONEOK, Inc. by selling all 45,556 shares it had. This complete exit from the stock reflects a 100% decrease from its previous holdings. The shares were valued at $0 in the most recent filing.

ONEOK, Inc. Stock Up 2.8%

Shares of ONEOK, Inc. (NYSE:OKE) traded near their previous close of $93.46 on Friday. The company boasts a market capitalization of approximately $57.9 billion and has a P/E ratio of 15.85. Its stock has ranged from $64.02 to $99.85 over the past 52 weeks. The 50-day moving average is $92.91, while the 200-day moving average stands at $86.12. ONEOK's beta is 0.719, indicating lower volatility compared to the broader market.

Recent Earnings

ONEOK, Inc. reported revenue of $39.4 billion with a growth rate of 0.528. The company's earnings per share (EPS) is 5.79, with a net margin of 9.29% and a return on equity (ROE) of 16.28%. The next earnings report is scheduled for October 27, 2026.

Dividend

ONEOK, Inc. offers an annual dividend rate of $4.28, yielding 4.58%. The dividend payout ratio is 72.54%, indicating the portion of earnings paid out as dividends to shareholders.

About ONEOK, Inc.

ONEOK, Inc. is a midstream service provider in the U.S., focusing on gathering, processing, and transporting natural gas and natural gas liquids. Based in Tulsa, Oklahoma, the company operates through several segments, including Natural Gas Gathering and Processing, Natural Gas Liquids, and Pipelines. With a workforce of over 6,300 employees, ONEOK serves a diverse range of clients, from exploration companies to municipalities.

Bottom Line

First Citizens Bank & Trust's decision to sell out of ONEOK, Inc. highlights the dynamic nature of institutional investments. Investors often track such moves to gauge institutional sentiment, though 13F filings are historical and may not reflect current positions. ONEOK remains a significant player in the energy sector, offering dividends and stability with its extensive midstream operations.