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

Quantbot Technologies LP trimmed its holdings in ONEOK, Inc. (NYSE:OKE) by 70.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,299 shares of the utilities provider’s stock after selling 27,442 shares during the period. Quantbot Technologies LP’s holdings in ONEOK were worth $824,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of the business. Assetmark Inc. lifted its holdings in ONEOK by 84.0% during the 2nd quarter. Assetmark Inc. now owns 4,047 shares of the utilities provider’s stock worth $330,000 after purchasing an additional 1,848 shares during the last quarter. National Pension Service increased its stake in ONEOK by 2.9% during the 3rd quarter. National Pension Service now owns 857,949 shares of the utilities provider’s stock worth $62,605,000 after acquiring an additional 24,003 shares during the period. Hudson Edge Investment Partners Inc. grew its holdings in shares of ONEOK by 34.1% during the 3rd quarter. Hudson Edge Investment Partners Inc. now owns 87,667 shares of the utilities provider’s stock worth $6,397,000 after purchasing an additional 22,282 shares in the last quarter. Nordea Investment Management AB grew its stake in ONEOK by 7.5% during the third quarter. Nordea Investment Management AB now owns 777,262 shares of the utilities provider’s stock worth $55,885,000 after buying an additional 54,444 shares in the last quarter. Finally, Tectonic Advisors LLC boosted its position in shares of ONEOK by 41.1% during the 3rd quarter. Tectonic Advisors LLC now owns 188,842 shares of the utilities provider’s stock worth $13,780,000 after acquiring an additional 55,024 shares in the last quarter. Institutional investors and hedge funds own 69.13% of the company’s stock.

Wall Street Analyst Weigh In

OKE has been the topic of several research analyst reports. Morgan Stanley reaffirmed an “overweight” rating and issued a $104.00 price objective on shares of ONEOK in a research note on Wednesday, January 28th. Jefferies Financial Group started coverage on ONEOK in a report on Tuesday, January 20th. They set a “hold” rating and a $80.00 target price on the stock. Scotiabank reiterated an “outperform” rating and set a $91.00 price objective on shares of ONEOK in a research report on Friday, January 16th. Mizuho set a $89.00 price objective on shares of ONEOK in a report on Monday, February 23rd. Finally, JPMorgan Chase & Co. downgraded shares of ONEOK from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $87.00 to $83.00 in a research report on Tuesday, January 27th. Seven investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $86.47.

ONEOK Stock Performance

NYSE:OKE opened at $86.95 on Friday. ONEOK, Inc. has a 52-week low of $64.02 and a 52-week high of $103.64. The business’s fifty day moving average is $79.43 and its 200 day moving average is $74.39. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.56 and a current ratio of 0.71. The firm has a market cap of $54.76 billion, a price-to-earnings ratio of 16.04, a PEG ratio of 5.13 and a beta of 0.93.

ONEOK (NYSE:OKE) last released its quarterly earnings results on Monday, February 23rd. The utilities provider reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.50 by $0.05. The firm had revenue of $9.07 billion during the quarter, compared to analyst estimates of $8.77 billion. ONEOK had a net margin of 10.09% and a return on equity of 15.29%. During the same period in the previous year, the business earned $1.57 EPS. ONEOK has set its FY 2026 guidance at 5.040-5.870 EPS. Research analysts predict that ONEOK, Inc. will post 5.07 EPS for the current year.

ONEOK Increases Dividend

The company also recently announced 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 an increase from ONEOK’s previous quarterly dividend of $1.03. This represents a $4.28 annualized dividend and a yield of 4.9%. The ex-dividend date of this dividend was Monday, February 2nd. ONEOK’s payout ratio is currently 78.97%.

About ONEOK

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.