ONEOK, Inc. $OKE Stock Position Decreased by Stephens Inc. AR

Stephens Inc. AR cut its stake in shares of ONEOK, Inc. (NYSE:OKE – Free Report) by 13.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 36,874 shares of the utilities provider’s stock after selling 5,719 shares during the quarter. Stephens Inc. AR’s holdings in ONEOK were worth $2,710,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Vanguard Group Inc. boosted its stake in shares of ONEOK by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 77,603,334 shares of the utilities provider’s stock worth $5,703,845,000 after acquiring an additional 380,744 shares in the last quarter. First Eagle Investment Management LLC boosted its stake in shares of ONEOK by 46.3% during 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. Invesco Ltd. boosted its stake in shares of ONEOK by 6.3% during the 3rd quarter. Invesco Ltd. now owns 8,919,098 shares of the utilities provider’s stock worth $650,827,000 after acquiring an additional 532,267 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of ONEOK by 14.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 5,433,178 shares of the utilities provider’s stock worth $396,462,000 after acquiring an additional 703,834 shares in the last quarter. Finally, Legal & General Group Plc boosted its stake in shares of ONEOK by 1.6% during the 3rd quarter. Legal & General Group Plc now owns 5,218,376 shares of the utilities provider’s stock worth $380,785,000 after acquiring an additional 80,683 shares in the last quarter. 69.13% of the stock is owned by institutional investors.

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ONEOK Stock Performance

Shares of ONEOK stock opened at $93.77 on Tuesday. The stock has a market cap of $59.08 billion, a PE ratio of 16.71, a price-to-earnings-growth ratio of 6.71 and a beta of 0.78. The business has a fifty day simple moving average of $87.93 and a 200-day simple moving average of $79.83. 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, Inc. has a 12 month low of $64.02 and a 12 month high of $95.30.

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

ONEOK Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 4th were issued a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a dividend yield of 4.6%. The ex-dividend date was Monday, May 4th. ONEOK’s dividend payout ratio (DPR) is currently 76.29%.

Analyst Ratings Changes

OKE has been the subject of several research reports. Citigroup raised their price objective on ONEOK from $95.00 to $97.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Truist Financial raised their target price on ONEOK from $91.00 to $93.00 and gave the stock a “hold” rating in a research report on Monday, May 4th. TD Cowen raised their target price on ONEOK from $80.00 to $85.00 and gave the stock a “hold” rating in a research report on Thursday, April 30th. Mizuho set a $89.00 target price on ONEOK in a research report on Monday, February 23rd. Finally, JPMorgan Chase & Co. raised their target price on ONEOK from $91.00 to $92.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Seven analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $91.88.

Read Our Latest Research Report on OKE

ONEOK Company Profile

(Free Report)

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.

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