TD Asset Management Inc Buys 41,742 Shares of ONEOK, Inc. $OKE

TD Asset Management Inc boosted its stake in shares of ONEOK, Inc. (NYSE:OKE) by 15.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 305,522 shares of the utilities provider’s stock after buying an additional 41,742 shares during the period. TD Asset Management Inc’s holdings in ONEOK were worth $22,294,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC lifted its holdings in shares of ONEOK by 137.1% in the 4th quarter. Brighton Jones LLC now owns 15,278 shares of the utilities provider’s stock worth $1,534,000 after acquiring an additional 8,834 shares during the last quarter. Empowered Funds LLC lifted its stake in ONEOK by 0.8% in the first quarter. Empowered Funds LLC now owns 17,957 shares of the utilities provider’s stock worth $1,782,000 after purchasing an additional 137 shares during the last quarter. Acadian Asset Management LLC bought a new stake in ONEOK in the first quarter worth about $216,000. Arkadios Wealth Advisors boosted its position in shares of ONEOK by 30.8% during the second quarter. Arkadios Wealth Advisors now owns 10,739 shares of the utilities provider’s stock valued at $877,000 after buying an additional 2,528 shares during the period. Finally, Hantz Financial Services Inc. grew its stake in shares of ONEOK by 55.2% during the second quarter. Hantz Financial Services Inc. now owns 1,287 shares of the utilities provider’s stock valued at $105,000 after buying an additional 458 shares during the last quarter. 69.13% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

OKE has been the subject of a number of research analyst reports. UBS Group decreased their price target on ONEOK from $114.00 to $103.00 and set a “buy” rating for the company in a research note on Thursday, January 22nd. The Goldman Sachs Group reiterated a “neutral” rating and set a $72.00 target price on shares of ONEOK in a research report on Monday, November 3rd. Jefferies Financial Group initiated coverage on shares of ONEOK in a research note on Tuesday, January 20th. They set a “hold” rating and a $80.00 target price for the company. JPMorgan Chase & Co. downgraded shares of ONEOK from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $87.00 to $83.00 in a research note on Tuesday, January 27th. Finally, Wells Fargo & Company lowered their price objective on shares of ONEOK from $82.00 to $79.00 and set an “equal weight” rating for the company in a research report on Wednesday. Seven equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, ONEOK has a consensus rating of “Hold” and a consensus price target of $86.07.

ONEOK Stock Performance

Shares of ONEOK stock opened at $82.67 on Friday. The company has a current ratio of 0.71, a quick ratio of 0.75 and a debt-to-equity ratio of 1.36. The stock’s fifty day moving average price is $78.17 and its 200-day moving average price is $73.98. The firm has a market cap of $52.06 billion, a P/E ratio of 15.25, a P/E/G ratio of 4.88 and a beta of 0.96. ONEOK, Inc. has a 12 month low of $64.02 and a 12 month high of $103.64.

ONEOK (NYSE:OKE) last issued its earnings results on Monday, February 23rd. The utilities provider reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.50 by $0.05. ONEOK had a net margin of 10.09% and a return on equity of 15.29%. The company had revenue of $9.07 billion for the quarter, compared to analysts’ expectations of $8.77 billion. During the same period in the prior year, the business earned $1.57 EPS. ONEOK has set its FY 2026 guidance at 5.040-5.870 EPS. On average, equities research analysts expect that ONEOK, Inc. will post 5.07 earnings per share for the current fiscal year.

ONEOK Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Monday, February 2nd were given a dividend of $1.07 per share. This is a boost from ONEOK’s previous quarterly dividend of $1.03. The ex-dividend date of this dividend was Monday, February 2nd. This represents a $4.28 annualized dividend and a yield of 5.2%. ONEOK’s payout ratio is 78.97%.

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.