ABC Arbitrage SA Makes New $1.44 Million Investment in ONEOK, Inc. $OKE

ABC Arbitrage SA purchased a new position in shares of ONEOK, Inc. (NYSE:OKE) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 19,649 shares of the utilities provider’s stock, valued at approximately $1,444,000.

Several other hedge funds also recently bought and sold shares of OKE. First Eagle Investment Management LLC grew its stake in 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 worth $835,350,000 after acquiring an additional 3,596,089 shares in the last quarter. AG2R LA Mondiale Gestion D Actifs increased its stake in shares of ONEOK by 6.2% during the fourth quarter. AG2R LA Mondiale Gestion D Actifs now owns 74,160 shares of the utilities provider’s stock valued at $5,451,000 after buying an additional 4,356 shares during the period. Certior Financial Group LLC raised its holdings in shares of ONEOK by 9.6% in the fourth quarter. Certior Financial Group LLC now owns 5,471 shares of the utilities provider’s stock valued at $402,000 after acquiring an additional 480 shares in the last quarter. Wedgewood Investors Inc. PA lifted its stake in ONEOK by 6.7% in the fourth quarter. Wedgewood Investors Inc. PA now owns 7,950 shares of the utilities provider’s stock worth $584,000 after acquiring an additional 500 shares during the period. Finally, SVB Wealth LLC grew its holdings in ONEOK by 4.6% during the 4th quarter. SVB Wealth LLC now owns 10,373 shares of the utilities provider’s stock worth $762,000 after acquiring an additional 459 shares in the last quarter. Institutional investors own 69.13% of the company’s stock.

ONEOK Stock Up 3.1%

Shares of OKE opened at $87.79 on Tuesday. The company has a market capitalization of $55.31 billion, a price-to-earnings ratio of 15.65, a PEG ratio of 6.04 and a beta of 0.78. ONEOK, Inc. has a 52 week low of $64.02 and a 52 week high of $95.30. The stock’s 50-day moving average price is $87.32 and its 200-day moving average price is $79.06. 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 posted its earnings results on Tuesday, April 28th. The utilities provider reported $1.23 earnings per share for the quarter, missing the consensus estimate of $1.30 by ($0.07). ONEOK had a net margin of 10.03% and a return on equity of 16.06%. The firm had revenue of $9.62 billion for the quarter, compared to analysts’ expectations of $8.23 billion. During the same period last year, the firm earned $1.04 earnings per share. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. On average, sell-side analysts predict that ONEOK, Inc. will post 5.9 EPS for the current year.

ONEOK Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Monday, May 4th will be given a $1.07 dividend. The ex-dividend date is Monday, May 4th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 4.9%. ONEOK’s payout ratio is 76.29%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on OKE shares. Barclays upped their price target on shares of ONEOK from $82.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 30th. Truist Financial boosted their price objective on shares of ONEOK from $91.00 to $93.00 and gave the stock a “hold” rating in a research note on Monday, May 4th. JPMorgan Chase & Co. increased their target price on ONEOK from $91.00 to $92.00 and gave the company a “neutral” rating in a research report on Friday. Morgan Stanley lifted their price target on ONEOK from $104.00 to $113.00 and gave the company an “overweight” rating in a report on Tuesday, April 7th. Finally, Wall Street Zen upgraded ONEOK from a “sell” rating to a “hold” rating in a research note on Sunday. Seven equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $91.88.

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.