Fort Washington Investment Advisors Inc. OH Acquires 17,119 Shares of ONEOK, Inc. $OKE

Fort Washington Investment Advisors Inc. OH grew its holdings in shares of ONEOK, Inc. (NYSE:OKE) by 40.7% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 59,219 shares of the utilities provider’s stock after purchasing an additional 17,119 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in ONEOK were worth $5,353,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Hoxton Planning & Management LLC increased its holdings in shares of ONEOK by 2.3% during the fourth quarter. Hoxton Planning & Management LLC now owns 5,372 shares of the utilities provider’s stock valued at $395,000 after acquiring an additional 120 shares in the last quarter. Welch Group LLC boosted its stake in ONEOK by 0.8% in the 1st quarter. Welch Group LLC now owns 14,859 shares of the utilities provider’s stock worth $1,343,000 after purchasing an additional 122 shares in the last quarter. Disciplined Investments LLC grew its position in ONEOK by 0.6% during the 4th quarter. Disciplined Investments LLC now owns 21,577 shares of the utilities provider’s stock valued at $1,586,000 after purchasing an additional 125 shares during the last quarter. TCV Trust & Wealth Management Inc. increased its stake in ONEOK by 4.2% during the 4th quarter. TCV Trust & Wealth Management Inc. now owns 3,290 shares of the utilities provider’s stock valued at $242,000 after purchasing an additional 133 shares in the last quarter. Finally, Fruth Investment Management increased its stake in ONEOK by 0.7% during the 1st quarter. Fruth Investment Management now owns 20,015 shares of the utilities provider’s stock valued at $1,809,000 after purchasing an additional 133 shares in the last quarter. Institutional investors own 69.13% of the company’s stock.

ONEOK Stock Down 0.5%

Shares of ONEOK stock opened at $88.80 on Tuesday. ONEOK, Inc. has a twelve month low of $64.02 and a twelve month high of $96.07. The company has a quick ratio of 0.56, a current ratio of 0.71 and a debt-to-equity ratio of 1.37. The company’s 50 day moving average is $88.39 and its 200 day moving average is $83.70. The company has a market cap of $55.96 billion, a price-to-earnings ratio of 15.83, a price-to-earnings-growth ratio of 6.67 and a beta of 0.74.

ONEOK (NYSE:OKE) last posted its earnings results on Tuesday, April 28th. The utilities provider reported $1.23 EPS for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.07). The company had revenue of $9.62 billion during the quarter, compared to the consensus estimate of $8.23 billion. ONEOK had a return on equity of 16.06% and a net margin of 10.03%.During the same period last year, the firm posted $1.04 EPS. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. Research analysts anticipate that ONEOK, Inc. will post 5.72 EPS for the current year.

ONEOK Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 4th were issued a $1.07 dividend. The ex-dividend date of this dividend was Monday, May 4th. This represents a $4.28 annualized dividend and a dividend yield of 4.8%. ONEOK’s payout ratio is presently 76.29%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on OKE. Barclays upped their target price on shares of ONEOK from $82.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 30th. Citigroup upped their price objective on ONEOK from $95.00 to $97.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Scotiabank downgraded ONEOK from a “sector outperform” rating to a “sector perform” rating and cut their target price for the company from $92.00 to $89.00 in a research note on Thursday, April 30th. Truist Financial lifted their target price on ONEOK from $91.00 to $93.00 and gave the stock a “hold” rating in a report on Monday, May 4th. Finally, Wall Street Zen upgraded ONEOK from a “sell” rating to a “hold” rating in a research note on Tuesday, May 26th. Eight investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $91.88.

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.