ONEOK, Inc. $OKE Stake Raised by Energy Income Partners LLC

Energy Income Partners LLC lifted its holdings in ONEOK, Inc. (NYSE:OKE) by 4.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,761,507 shares of the utilities provider’s stock after purchasing an additional 72,766 shares during the period. ONEOK comprises about 2.4% of Energy Income Partners LLC’s portfolio, making the stock its 8th largest holding. Energy Income Partners LLC’s holdings in ONEOK were worth $153,145,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Triune Financial Partners LLC acquired a new position in ONEOK in the 4th quarter valued at $1,151,000. Swiss Life Asset Management Ltd grew its stake in ONEOK by 219.5% during the 4th quarter. Swiss Life Asset Management Ltd now owns 1,522,404 shares of the utilities provider’s stock worth $111,897,000 after purchasing an additional 1,045,976 shares in the last quarter. Castle Rock Wealth Management LLC raised its holdings in ONEOK by 360.0% during the fourth quarter. Castle Rock Wealth Management LLC now owns 36,216 shares of the utilities provider’s stock worth $2,815,000 after purchasing an additional 28,343 shares in the last quarter. First Eagle Investment Management LLC lifted its stake in ONEOK by 46.3% in the fourth quarter. First Eagle Investment Management LLC now owns 11,365,304 shares of the utilities provider’s stock valued at $835,350,000 after buying an additional 3,596,089 shares during the last quarter. Finally, Torray Investment Partners LLC purchased a new position in shares of ONEOK in the 4th quarter valued at approximately $19,109,000. Institutional investors and hedge funds own 69.13% of the company’s stock.

ONEOK Stock Performance

NYSE OKE opened at $97.58 on Wednesday. The business has a 50 day moving average price of $89.82 and a 200 day moving average price of $87.93. The company has a market capitalization of $61.51 billion, a P/E ratio of 16.82, a PEG ratio of 7.10 and a beta of 0.73. ONEOK, Inc. has a 1-year low of $64.02 and a 1-year high of $97.90. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.74 and a quick ratio of 0.59.

ONEOK (NYSE:OKE) last posted its earnings results on Monday, August 3rd. The utilities provider reported $1.53 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.07. The company had revenue of $12.05 billion for the quarter, compared to the consensus estimate of $8.95 billion. ONEOK had a return on equity of 16.41% and a net margin of 9.29%.During the same period in the previous year, the business earned $1.34 earnings per share. ONEOK has set its FY 2026 guidance at 5.680-5.680 EPS. Sell-side analysts expect that ONEOK, Inc. will post 5.81 EPS for the current fiscal year.

ONEOK Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Monday, August 3rd were paid a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend was Monday, August 3rd. ONEOK’s dividend payout ratio is presently 73.79%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Raymond James Financial reissued an “outperform” rating and set a $92.00 target price on shares of ONEOK in a research note on Thursday, April 30th. Wall Street Zen raised ONEOK from a “sell” rating to a “hold” rating in a report on Sunday, August 9th. Citigroup increased their price objective on ONEOK from $95.00 to $97.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Weiss Ratings reissued a “buy (b-)” rating on shares of ONEOK in a report on Thursday, August 13th. Finally, Barclays decreased their target price on shares of ONEOK from $90.00 to $88.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, ONEOK has an average rating of “Moderate Buy” and a consensus target price of $91.94.

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.