ONEOK, Inc. $OKE Shares Bought by Capital Advisors Inc. OK

Capital Advisors Inc. OK raised its stake in ONEOK, Inc. (NYSE:OKE) by 21.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 109,917 shares of the utilities provider’s stock after buying an additional 19,690 shares during the period. Capital Advisors Inc. OK’s holdings in ONEOK were worth $8,079,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of OKE. Vanguard Group Inc. grew its holdings in shares of 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 period. Invesco Ltd. raised its holdings in ONEOK by 6.3% during the third quarter. Invesco Ltd. now owns 8,919,098 shares of the utilities provider’s stock worth $650,827,000 after purchasing an additional 532,267 shares during the last quarter. First Eagle Investment Management LLC raised its holdings in ONEOK by 24.2% during the third quarter. First Eagle Investment Management LLC now owns 7,769,215 shares of the utilities provider’s stock worth $566,920,000 after purchasing an additional 1,513,042 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in ONEOK by 14.9% during the third quarter. Dimensional Fund Advisors LP now owns 5,433,178 shares of the utilities provider’s stock worth $396,462,000 after purchasing an additional 703,834 shares in the last quarter. Finally, Legal & General Group Plc boosted its position in ONEOK by 1.6% during the third quarter. Legal & General Group Plc now owns 5,218,376 shares of the utilities provider’s stock worth $380,785,000 after purchasing an additional 80,683 shares in the last quarter. 69.13% of the stock is currently owned by institutional investors and hedge funds.

ONEOK Stock Performance

NYSE OKE opened at $90.29 on Wednesday. The company has a quick ratio of 0.56, a current ratio of 0.71 and a debt-to-equity ratio of 1.36. ONEOK, Inc. has a fifty-two week low of $64.02 and a fifty-two week high of $100.57. The business has a fifty day moving average of $84.59 and a 200-day moving average of $76.13. The stock has a market cap of $56.86 billion, a price-to-earnings ratio of 16.66, a price-to-earnings-growth ratio of 7.06 and a beta of 0.93.

ONEOK (NYSE:OKE) last posted its quarterly earnings data 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 business had revenue of $9.07 billion for the quarter, compared to analyst estimates of $8.77 billion. ONEOK had a return on equity of 15.29% and a net margin of 10.09%.During the same quarter last year, the company earned $1.57 earnings per share. ONEOK has set its FY 2026 guidance at 5.040-5.870 EPS. As a group, analysts predict that ONEOK, Inc. will post 5.07 earnings per share for the current fiscal year.

ONEOK Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Monday, February 2nd were paid a dividend of $1.07 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a $4.28 annualized dividend and a dividend yield of 4.7%. This is an increase from ONEOK’s previous quarterly dividend of $1.03. ONEOK’s dividend payout ratio is 78.97%.

Wall Street Analyst Weigh In

OKE has been the subject of a number of research analyst reports. Wells Fargo & Company upgraded ONEOK from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $81.00 to $100.00 in a research report on Wednesday, March 25th. Jefferies Financial Group upgraded shares of ONEOK from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $85.00 to $98.00 in a research report on Friday, March 20th. Scotiabank reissued an “outperform” rating and issued a $91.00 price objective on shares of ONEOK in a research note on Friday, January 16th. Wolfe Research downgraded shares of ONEOK from an “outperform” rating to a “peer perform” rating in a report on Wednesday, February 25th. Finally, JPMorgan Chase & Co. cut 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. Nine investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $88.94.

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.