Quantbot Technologies LP Sells 27,442 Shares of ONEOK, Inc. $OKE

Quantbot Technologies LP decreased its stake in shares of ONEOK, Inc. (NYSE:OKE) by 70.8% in the third quarter, Holdings Channel reports. The institutional investor owned 11,299 shares of the utilities provider’s stock after selling 27,442 shares during the quarter. Quantbot Technologies LP’s holdings in ONEOK were worth $824,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in ONEOK by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 77,222,590 shares of the utilities provider’s stock worth $5,634,932,000 after acquiring an additional 711,619 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of ONEOK by 2.9% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 21,570,904 shares of the utilities provider’s stock worth $1,760,833,000 after purchasing an additional 613,674 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of ONEOK by 2.3% in the second quarter. Geode Capital Management LLC now owns 15,800,797 shares of the utilities provider’s stock worth $1,284,303,000 after purchasing an additional 355,751 shares during the last quarter. Invesco Ltd. boosted its position in shares of ONEOK by 0.6% during the second quarter. Invesco Ltd. now owns 8,386,831 shares of the utilities provider’s stock valued at $684,617,000 after buying an additional 46,892 shares during the last quarter. Finally, Norges Bank purchased a new position in ONEOK in the 2nd quarter worth about $562,832,000. 69.13% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on OKE. Wells Fargo & Company decreased their price objective on shares of ONEOK from $82.00 to $79.00 and set an “equal weight” rating for the company in a report on Wednesday, February 25th. JPMorgan Chase & Co. downgraded shares of ONEOK from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $87.00 to $83.00 in a research report on Tuesday, January 27th. Weiss Ratings reiterated a “hold (c)” rating on shares of ONEOK in a research note on Monday, December 29th. Scotiabank reissued an “outperform” rating and set a $91.00 price target on shares of ONEOK in a report on Friday, January 16th. Finally, Jefferies Financial Group initiated coverage on ONEOK in a research note on Tuesday, January 20th. They issued a “hold” rating and a $80.00 price target on the stock. Seven investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, ONEOK presently has an average rating of “Hold” and a consensus price target of $86.47.

ONEOK Price Performance

Shares of ONEOK stock opened at $86.95 on Friday. ONEOK, Inc. has a one year low of $64.02 and a one year high of $103.64. The stock’s fifty day moving average is $79.43 and its 200 day moving average is $74.39. The stock has a market cap of $54.76 billion, a P/E ratio of 16.04, a P/E/G ratio of 5.13 and a beta of 0.93. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.56 and a current ratio of 0.71.

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

ONEOK Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Monday, February 2nd were issued a $1.07 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This represents a $4.28 annualized dividend and a yield of 4.9%. This is a positive change from ONEOK’s previous quarterly dividend of $1.03. ONEOK’s payout ratio is currently 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.