ONEOK, Inc. $OKE Shares Acquired by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC raised its holdings in shares of ONEOK, Inc. (NYSE:OKE) by 25.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 132,550 shares of the utilities provider’s stock after buying an additional 27,300 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in ONEOK were worth $9,742,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Waterloo Capital L.P. lifted its stake in ONEOK by 1.7% during the 4th quarter. Waterloo Capital L.P. now owns 31,501 shares of the utilities provider’s stock valued at $2,315,000 after acquiring an additional 529 shares during the period. Nomura Asset Management Co. Ltd. lifted its stake in ONEOK by 3.3% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 221,727 shares of the utilities provider’s stock valued at $16,297,000 after acquiring an additional 7,122 shares during the period. Verity & Verity LLC lifted its stake in ONEOK by 14.4% during the 4th quarter. Verity & Verity LLC now owns 306,071 shares of the utilities provider’s stock valued at $22,496,000 after acquiring an additional 38,637 shares during the period. MUFG Securities EMEA plc lifted its stake in ONEOK by 114.4% during the 4th quarter. MUFG Securities EMEA plc now owns 25,847 shares of the utilities provider’s stock valued at $1,900,000 after acquiring an additional 13,793 shares during the period. Finally, Texas Yale Capital Corp. lifted its stake in ONEOK by 7.8% during the 4th quarter. Texas Yale Capital Corp. now owns 124,548 shares of the utilities provider’s stock valued at $9,154,000 after acquiring an additional 9,025 shares during the period. 69.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have commented on OKE. Morgan Stanley lifted their price objective on shares of ONEOK from $104.00 to $113.00 and gave the company an “overweight” rating in a research note on Tuesday, April 7th. Royal Bank Of Canada boosted their target price on shares of ONEOK from $79.00 to $84.00 and gave the company a “sector perform” rating in a research note on Thursday, March 19th. Barclays boosted their target price on shares of ONEOK from $82.00 to $90.00 and gave the company an “equal weight” rating in a research note on Thursday, April 30th. TD Cowen boosted their target price on shares of ONEOK from $80.00 to $85.00 and gave the company a “hold” rating in a research note on Thursday, April 30th. Finally, Truist Financial boosted their target price on shares of ONEOK from $91.00 to $93.00 and gave the company a “hold” rating in a research note on Monday, May 4th. Eight analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $91.88.

ONEOK Price Performance

ONEOK stock opened at $84.96 on Tuesday. ONEOK, Inc. has a 52-week low of $64.02 and a 52-week high of $96.07. The firm has a market capitalization of $53.52 billion, a price-to-earnings ratio of 15.14, a PEG ratio of 6.23 and a beta of 0.74. The company has a fifty day simple moving average of $88.78 and a 200-day simple moving average of $81.47. The company has a quick ratio of 0.56, a current ratio of 0.71 and a debt-to-equity ratio of 1.37.

ONEOK (NYSE:OKE) last released its earnings results on Tuesday, April 28th. The utilities provider reported $1.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.07). ONEOK had a return on equity of 16.06% and a net margin of 10.03%.The business had revenue of $9.62 billion for the quarter, compared to analysts’ expectations of $8.23 billion. During the same period in the previous year, the company earned $1.04 EPS. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. On average, equities analysts anticipate that ONEOK, Inc. will post 5.76 EPS for the current fiscal year.

ONEOK Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 4th were issued a dividend of $1.07 per share. The ex-dividend date of this dividend was Monday, May 4th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 5.0%. ONEOK’s dividend payout ratio is presently 76.29%.

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.