ONEOK, Inc. $OKE Shares Bought by Cresset Asset Management LLC

Cresset Asset Management LLC increased its holdings in ONEOK, Inc. (NYSE:OKE) by 70.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 89,109 shares of the utilities provider’s stock after acquiring an additional 36,948 shares during the quarter. Cresset Asset Management LLC’s holdings in ONEOK were worth $6,502,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of OKE. Norges Bank acquired a new position in shares of ONEOK in the 2nd quarter valued at approximately $562,832,000. First Eagle Investment Management LLC raised its holdings in ONEOK by 130.8% in the second quarter. First Eagle Investment Management LLC now owns 6,256,173 shares of the utilities provider’s stock valued at $510,691,000 after acquiring an additional 3,545,256 shares in the last quarter. Boston Partners boosted its stake in ONEOK by 53.7% during the 2nd quarter. Boston Partners now owns 5,509,100 shares of the utilities provider’s stock valued at $448,476,000 after acquiring an additional 1,924,864 shares during the last quarter. Vanguard Group Inc. grew its holdings in ONEOK by 1.7% during the 2nd quarter. Vanguard Group Inc. now owns 76,510,971 shares of the utilities provider’s stock worth $6,245,591,000 after acquiring an additional 1,314,002 shares in the last quarter. Finally, Man Group plc increased its position in shares of ONEOK by 292.1% in the 2nd quarter. Man Group plc now owns 1,558,993 shares of the utilities provider’s stock worth $127,261,000 after purchasing an additional 1,161,352 shares during the last quarter. Institutional investors and hedge funds own 69.13% of the company’s stock.

ONEOK Price Performance

Shares of NYSE OKE opened at $85.65 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 capitalization of $53.94 billion, a PE ratio of 15.80, a P/E/G ratio of 4.99 and a beta of 0.93. ONEOK, Inc. has a 1-year low of $64.02 and a 1-year high of $103.64. The business’s fifty day moving average price is $79.15 and its two-hundred day moving average price is $74.28.

ONEOK (NYSE:OKE) last released its quarterly earnings results on Monday, February 23rd. The utilities provider reported $1.55 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 business had revenue of $9.07 billion during the quarter, compared to analyst estimates of $8.77 billion. During the same quarter in the prior year, the firm earned $1.57 earnings per share. ONEOK has set its FY 2026 guidance at 5.040-5.870 EPS. On average, research analysts expect that ONEOK, Inc. will post 5.07 EPS for the current year.

ONEOK Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Monday, February 2nd were paid a $1.07 dividend. The ex-dividend date was Monday, February 2nd. This is an increase from ONEOK’s previous quarterly dividend of $1.03. This represents a $4.28 annualized dividend and a dividend yield of 5.0%. ONEOK’s dividend payout ratio (DPR) is 78.97%.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. JPMorgan Chase & Co. cut 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 report on Tuesday, January 27th. Scotiabank reiterated an “outperform” rating and issued a $91.00 target price on shares of ONEOK in a research report on Friday, January 16th. Wells Fargo & Company reduced their price objective on ONEOK from $82.00 to $79.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 25th. Morgan Stanley reiterated an “overweight” rating and set a $104.00 target price on shares of ONEOK in a research note on Wednesday, January 28th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of ONEOK in a research report on Monday, December 29th. Seven research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat, ONEOK presently has an average rating of “Hold” and a consensus target price of $86.47.

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.