Crawford Investment Counsel Inc. Purchases 14,672 Shares of ONEOK, Inc. $OKE

Crawford Investment Counsel Inc. lifted its position in shares of ONEOK, Inc. (NYSE:OKE) by 5.5% during the 3rd quarter, Holdings Channel reports. The firm owned 283,773 shares of the utilities provider’s stock after purchasing an additional 14,672 shares during the quarter. Crawford Investment Counsel Inc.’s holdings in ONEOK were worth $20,707,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of OKE. Empowered Funds LLC lifted its stake in ONEOK by 0.8% in the 1st quarter. Empowered Funds LLC now owns 17,957 shares of the utilities provider’s stock valued at $1,782,000 after purchasing an additional 137 shares during the last quarter. Focused Wealth Management Inc increased its position in ONEOK by 4.3% during the third quarter. Focused Wealth Management Inc now owns 3,441 shares of the utilities provider’s stock worth $251,000 after buying an additional 142 shares during the last quarter. Silver Lake Advisory LLC raised its stake in ONEOK by 1.4% in the third quarter. Silver Lake Advisory LLC now owns 10,788 shares of the utilities provider’s stock valued at $787,000 after buying an additional 147 shares during the period. Alternative Investment Advisors LLC. raised its stake in ONEOK by 1.2% in the second quarter. Alternative Investment Advisors LLC. now owns 12,479 shares of the utilities provider’s stock valued at $1,019,000 after buying an additional 148 shares during the period. Finally, JFS Wealth Advisors LLC lifted its position in shares of ONEOK by 9.6% in the third quarter. JFS Wealth Advisors LLC now owns 1,720 shares of the utilities provider’s stock valued at $126,000 after buying an additional 150 shares during the last quarter. 69.13% of the stock is owned by institutional investors.

ONEOK Stock Performance

OKE opened at $85.44 on Friday. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.71 and a quick ratio of 0.56. The business has a fifty day simple moving average of $80.59 and a 200 day simple moving average of $74.77. ONEOK, Inc. has a 1 year low of $64.02 and a 1 year high of $103.64. The company has a market capitalization of $53.81 billion, a PE ratio of 15.76, a price-to-earnings-growth ratio of 6.50 and a beta of 0.93.

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

ONEOK Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Monday, February 2nd were given a dividend of $1.07 per share. This is a positive change from ONEOK’s previous quarterly dividend of $1.03. This represents a $4.28 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date of this dividend was Monday, February 2nd. ONEOK’s payout ratio is 78.97%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on OKE shares. JPMorgan Chase & Co. downgraded ONEOK from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $87.00 to $83.00 in a research note on Tuesday, January 27th. UBS Group cut their price target on ONEOK from $114.00 to $103.00 and set a “buy” rating for the company in a report on Thursday, January 22nd. Morgan Stanley reaffirmed an “overweight” rating and set a $104.00 price objective on shares of ONEOK in a research report on Wednesday, January 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of ONEOK in a report on Monday, December 29th. Finally, Scotiabank reissued an “outperform” rating and issued a $91.00 price objective on shares of ONEOK in a research report on Friday, January 16th. Seven research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $86.60.

About ONEOK

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.