First Trust Advisors LP Has $206.35 Million Holdings in ONEOK, Inc. $OKE

First Trust Advisors LP increased its position in shares of ONEOK, Inc. (NYSE:OKE) by 24.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,282,936 shares of the utilities provider’s stock after purchasing an additional 447,393 shares during the quarter. First Trust Advisors LP’s holdings in ONEOK were worth $206,355,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Aberdeen Group plc raised its position in ONEOK by 46.0% during the fourth quarter. Aberdeen Group plc now owns 957,663 shares of the utilities provider’s stock valued at $70,388,000 after purchasing an additional 301,654 shares in the last quarter. Swiss Life Asset Management Ltd boosted its holdings in shares of ONEOK by 219.5% in the 4th quarter. Swiss Life Asset Management Ltd now owns 1,522,404 shares of the utilities provider’s stock valued at $111,897,000 after purchasing an additional 1,045,976 shares in the last quarter. Triune Financial Partners LLC acquired a new stake in shares of ONEOK in the 4th quarter valued at $1,151,000. Royal Fund Management LLC increased its stake in shares of ONEOK by 40.8% in the 4th quarter. Royal Fund Management LLC now owns 80,383 shares of the utilities provider’s stock valued at $5,907,000 after purchasing an additional 23,281 shares during the last quarter. Finally, First Eagle Investment Management LLC increased its stake in shares of ONEOK by 46.3% in the 4th quarter. First Eagle Investment Management LLC now owns 11,365,304 shares of the utilities provider’s stock valued at $835,350,000 after purchasing an additional 3,596,089 shares during the last quarter. 69.13% of the stock is currently owned by institutional investors and hedge funds.

ONEOK Stock Up 0.0%

Shares of OKE opened at $91.84 on Thursday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.56 and a current ratio of 0.71. ONEOK, Inc. has a 52 week low of $64.02 and a 52 week high of $96.07. The stock has a market capitalization of $57.87 billion, a price-to-earnings ratio of 16.37, a PEG ratio of 4.94 and a beta of 0.73. The stock has a fifty day moving average of $89.42 and a 200-day moving average of $85.78.

ONEOK (NYSE:OKE) last issued its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $1.23 earnings per share 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 firm had revenue of $9.62 billion for the quarter, compared to the consensus estimate of $8.23 billion. During the same quarter in the prior year, the firm earned $1.04 EPS. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. As a group, sell-side analysts anticipate that ONEOK, Inc. will post 5.68 earnings per share for the current fiscal year.

ONEOK Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Monday, August 3rd will be paid a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend is Monday, August 3rd. ONEOK’s dividend payout ratio (DPR) is presently 76.29%.

Analyst Ratings Changes

Several brokerages recently weighed in on OKE. Barclays dropped their price objective on ONEOK from $90.00 to $88.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 8th. Raymond James Financial reiterated an “outperform” rating and issued a $92.00 target price on shares of ONEOK in a research report on Thursday, April 30th. Morgan Stanley boosted their target price on ONEOK from $104.00 to $113.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 7th. Scotiabank cut shares of ONEOK from a “sector outperform” rating to a “sector perform” rating and dropped their target price for the stock from $92.00 to $89.00 in a report on Thursday, April 30th. Finally, Citigroup raised their price target on shares of ONEOK from $95.00 to $97.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Eight analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $92.44.

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.