Miller Global Investments LLC Takes $876,000 Position in ONEOK, Inc. $OKE

Miller Global Investments LLC purchased a new position in shares of ONEOK, Inc. (NYSE:OKE) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 11,922 shares of the utilities provider’s stock, valued at approximately $876,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. City Holding Co. bought a new position in ONEOK in the third quarter valued at approximately $28,000. Winnow Wealth LLC acquired a new stake in ONEOK during the 3rd quarter worth $28,000. Global Wealth Strategies & Associates acquired a new stake in ONEOK during the 3rd quarter worth $29,000. Financial Consulate Inc. bought a new stake in shares of ONEOK during the 3rd quarter valued at $29,000. Finally, Twin Peaks Wealth Advisors LLC bought a new stake in shares of ONEOK during the 2nd quarter valued at $34,000. 69.13% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on OKE shares. Morgan Stanley restated an “overweight” rating and issued a $104.00 price target on shares of ONEOK in a research report on Wednesday, January 28th. Wolfe Research downgraded ONEOK from an “outperform” rating to a “peer perform” rating in a report on Wednesday, February 25th. Weiss Ratings reissued a “hold (c)” rating on shares of ONEOK in a research note on Monday, December 29th. Barclays raised their target price on ONEOK from $76.00 to $82.00 and gave the stock an “equal weight” rating in a report on Thursday, March 5th. Finally, Jefferies Financial Group began coverage on ONEOK in a research report on Tuesday, January 20th. They set a “hold” rating and a $80.00 target price for the company. Seven analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $86.33.

ONEOK Stock Performance

Shares of ONEOK stock opened at $88.27 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 firm has a market cap of $55.59 billion, a price-to-earnings ratio of 16.29, a price-to-earnings-growth ratio of 6.56 and a beta of 0.93. The stock’s 50-day moving average is $81.76 and its 200-day moving average is $75.08. ONEOK, Inc. has a one year low of $64.02 and a one year high of $103.64.

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

ONEOK Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Monday, February 2nd were paid a dividend of $1.07 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a $4.28 annualized dividend and a dividend yield of 4.8%. This is an increase from ONEOK’s previous quarterly dividend of $1.03. ONEOK’s dividend payout ratio (DPR) is 78.97%.

ONEOK Company 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.