Morningstar Investment Management LLC Raises Stock Holdings in ONEOK, Inc. $OKE

Posted by Brian Himes on May 25th, 2026

Morningstar Investment Management LLC lifted its holdings in ONEOK, Inc. (NYSE:OKE – Free Report) by 27.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 38,035 shares of the utilities provider’s stock after purchasing an additional 8,258 shares during the period. Morningstar Investment Management LLC’s holdings in ONEOK were worth $2,796,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of OKE. First Eagle Investment Management LLC raised its holdings in shares of ONEOK by 46.3% in the fourth quarter. First Eagle Investment Management LLC now owns 11,365,304 shares of the utilities provider’s stock worth $835,350,000 after buying an additional 3,596,089 shares during the period. Danske Bank A S raised its holdings in shares of ONEOK by 3,538.4% in the fourth quarter. Danske Bank A S now owns 1,691,433 shares of the utilities provider’s stock worth $124,320,000 after buying an additional 1,644,945 shares during the period. Man Group plc raised its holdings in shares of ONEOK by 292.1% in the second quarter. Man Group plc now owns 1,558,993 shares of the utilities provider’s stock worth $127,261,000 after buying an additional 1,161,352 shares during the period. Swiss Life Asset Management Ltd raised its holdings in shares of ONEOK by 219.5% in the fourth quarter. Swiss Life Asset Management Ltd now owns 1,522,404 shares of the utilities provider’s stock worth $111,897,000 after buying an additional 1,045,976 shares during the period. Finally, Vanguard Group Inc. increased its holdings in ONEOK by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 77,222,590 shares of the utilities provider’s stock worth $5,634,932,000 after purchasing an additional 711,619 shares during the period. 69.13% of the stock is currently owned by hedge funds and other institutional investors.

ONEOK Trading Down 0.1%

OKE opened at $93.98 on Monday. The stock’s fifty day moving average is $88.54 and its two-hundred day moving average is $80.58. The company has a market capitalization of $59.21 billion, a P/E ratio of 16.75, a PEG ratio of 6.84 and a beta of 0.78. ONEOK, Inc. has a 52 week low of $64.02 and a 52 week high of $96.07. 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 – Get Free Report) last announced its earnings results on Tuesday, April 28th. The utilities provider reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.30 by ($0.07). The company had revenue of $9.62 billion for the quarter, compared to the consensus estimate of $8.23 billion. ONEOK had a net margin of 10.03% and a return on equity of 16.06%. During the same period last year, the business posted $1.04 EPS. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. Analysts forecast that ONEOK, Inc. will post 5.76 earnings per share for the current year.

ONEOK Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts have commented on the company. Morgan Stanley raised their price objective on ONEOK from $104.00 to $113.00 and gave the stock an “overweight” rating in a report on Tuesday, April 7th. Citigroup raised their price objective on ONEOK from $95.00 to $97.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Raymond James Financial restated an “outperform” rating and set a $92.00 price objective on shares of ONEOK in a report on Thursday, April 30th. Truist Financial raised their price objective on ONEOK from $91.00 to $93.00 and gave the stock a “hold” rating in a report on Monday, May 4th. Finally, Wells Fargo & Company reduced their price objective on ONEOK from $100.00 to $98.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Eight 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 stock has an average rating of “Hold” and a consensus target price of $91.88.

Get Our Latest Stock Report on ONEOK

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.