ONEOK, Inc. $OKE Shares Bought by First Eagle Investment Management LLC

First Eagle Investment Management LLC increased its stake in ONEOK, Inc. (NYSE:OKE) by 24.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,769,215 shares of the utilities provider’s stock after acquiring an additional 1,513,042 shares during the period. First Eagle Investment Management LLC owned approximately 1.23% of ONEOK worth $566,920,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its position in ONEOK by 137.1% during the 4th quarter. Brighton Jones LLC now owns 15,278 shares of the utilities provider’s stock worth $1,534,000 after purchasing an additional 8,834 shares during the period. Empowered Funds LLC grew its holdings in ONEOK by 0.8% during 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 in the last quarter. Acadian Asset Management LLC purchased a new stake in ONEOK during the 1st quarter worth $216,000. Arkadios Wealth Advisors boosted its position in ONEOK by 30.8% in the 2nd 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 last quarter. Finally, Hantz Financial Services Inc. boosted its holdings in ONEOK by 55.2% in the second quarter. Hantz Financial Services Inc. now owns 1,287 shares of the utilities provider’s stock valued at $105,000 after purchasing an additional 458 shares during the last quarter. 69.13% of the stock is currently owned by institutional investors and hedge funds.

ONEOK Stock Performance

Shares of NYSE OKE opened at $86.18 on Tuesday. The company has a market capitalization of $54.27 billion, a P/E ratio of 15.90, a price-to-earnings-growth ratio of 4.88 and a beta of 0.96. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.71 and a quick ratio of 0.56. ONEOK, Inc. has a one year low of $64.02 and a one year high of $103.64. The business’s 50-day moving average price is $78.44 and its two-hundred day moving average price is $74.05.

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

ONEOK Increases Dividend

The business 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. 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 was Monday, February 2nd. ONEOK’s dividend payout ratio is 78.97%.

Wall Street Analyst Weigh In

A number of analysts 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 note on Wednesday, January 28th. Jefferies Financial Group assumed coverage on shares of ONEOK in a research report on Tuesday, January 20th. They set a “hold” rating and a $80.00 price objective for the company. Wells Fargo & Company cut their target price 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. The Goldman Sachs Group restated a “neutral” rating and issued a $72.00 target price on shares of ONEOK in a research report on Monday, November 3rd. Finally, Scotiabank restated an “outperform” rating and set a $91.00 price objective on shares of ONEOK in a research note on Friday, January 16th. Seven analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $86.07.

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.