10,860 Shares in ONEOK, Inc. $OKE Bought by Mystic Asset Management Inc.

Mystic Asset Management Inc. bought a new position in shares of ONEOK, Inc. (NYSE:OKE) during the 2nd quarter, HoldingsChannel reports. The institutional investor bought 10,860 shares of the utilities provider’s stock, valued at approximately $944,000.

Several other large investors also recently modified their holdings of the business. Capital International Investors bought a new position in shares of ONEOK during the 4th quarter valued at about $586,500,000. Norges Bank bought a new stake in ONEOK during the 4th quarter worth approximately $564,867,000. BlackRock Inc. increased its stake in ONEOK by 8.7% during the 2nd quarter. BlackRock Inc. now owns 64,537,467 shares of the utilities provider’s stock worth $5,610,887,000 after purchasing an additional 5,148,768 shares in the last quarter. First Eagle Investment Management LLC raised its holdings in ONEOK by 46.3% during the 4th quarter. First Eagle Investment Management LLC now owns 11,365,304 shares of the utilities provider’s stock worth $835,350,000 after buying an additional 3,596,089 shares during the period. Finally, Ontario Teachers Pension Plan Board acquired a new stake in ONEOK during the 2nd quarter worth approximately $204,672,000. 69.13% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on OKE shares. Royal Bank Of Canada upped their price target on shares of ONEOK from $84.00 to $90.00 and gave the company a “sector perform” rating in a report on Tuesday, July 21st. Raymond James Financial restated an “outperform” rating and set a $92.00 price objective on shares of ONEOK in a report on Thursday, April 30th. TD Cowen boosted their price objective on shares of ONEOK from $85.00 to $90.00 and gave the company a “hold” rating in a research report on Thursday, July 16th. Barclays reduced their target price on shares of ONEOK from $90.00 to $88.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 8th. Finally, Morgan Stanley increased their target price on ONEOK from $103.00 to $105.00 and gave the stock an “equal weight” rating in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, ONEOK has a consensus rating of “Moderate Buy” and an average price target of $91.94.

ONEOK Trading Down 1.4%

Shares of NYSE:OKE opened at $94.69 on Friday. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.59 and a current ratio of 0.74. The company has a 50-day simple moving average of $90.03 and a 200 day simple moving average of $88.16. ONEOK, Inc. has a 52-week low of $64.02 and a 52-week high of $97.90. The company has a market capitalization of $59.69 billion, a P/E ratio of 16.33, a price-to-earnings-growth ratio of 2.69 and a beta of 0.73.

ONEOK (NYSE:OKE) last released its quarterly earnings data 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 firm had revenue of $12.05 billion for the quarter, compared to the consensus estimate of $8.95 billion. During the same period in the previous year, the company earned $1.34 earnings per share. ONEOK has set its FY 2026 guidance at 5.680-5.680 EPS. Sell-side analysts forecast that ONEOK, Inc. will post 5.82 earnings per share for the current year.

ONEOK Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Monday, August 3rd were given a dividend of $1.07 per share. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $4.28 dividend on an annualized basis and a yield of 4.5%. ONEOK’s dividend 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.