Bollard Group LLC cut its holdings in shares of ONEOK, Inc. (NYSE:OKE – Free Report) by 30.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 627,215 shares of the utilities provider’s stock after selling 276,089 shares during the quarter. ONEOK comprises 1.2% of Bollard Group LLC’s portfolio, making the stock its 11th biggest position. Bollard Group LLC’s holdings in ONEOK were worth $46,100,000 as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in 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 buying an additional 380,744 shares during the last quarter. State Street Corp raised its position in ONEOK by 1.7% during the 4th quarter. State Street Corp now owns 38,450,591 shares of the utilities provider’s stock worth $2,826,118,000 after buying an additional 648,647 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in ONEOK by 2.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 22,634,512 shares of the utilities provider’s stock worth $1,663,637,000 after buying an additional 599,248 shares during the last quarter. Geode Capital Management LLC raised its position in ONEOK by 3.2% during the 4th quarter. Geode Capital Management LLC now owns 16,596,172 shares of the utilities provider’s stock worth $1,215,107,000 after buying an additional 518,746 shares during the last quarter. Finally, First Eagle Investment Management LLC raised its position in 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 buying an additional 3,596,089 shares during the last quarter. 69.13% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of research firms have issued reports on OKE. Wolfe Research lowered shares of ONEOK from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, February 25th. Raymond James Financial reissued an “outperform” rating and set a $92.00 price target on shares of ONEOK in a research report on Thursday, April 30th. Wall Street Zen raised shares of ONEOK from a “sell” rating to a “hold” rating in a research report on Tuesday, May 26th. Scotiabank cut shares of ONEOK from a “sector outperform” rating to a “sector perform” rating and dropped their price objective for the stock from $92.00 to $89.00 in a research note on Thursday, April 30th. Finally, TD Cowen raised their price objective on shares of ONEOK from $80.00 to $85.00 and gave the stock a “hold” rating in a research note on Thursday, April 30th. Eight research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, ONEOK presently has a consensus rating of “Hold” and a consensus price target of $91.88.
ONEOK Price Performance
ONEOK stock opened at $90.40 on Friday. The company’s fifty day moving average price is $88.31 and its 200 day moving average price is $82.58. ONEOK, Inc. has a 1 year low of $64.02 and a 1 year high of $96.07. The stock has a market capitalization of $56.95 billion, a P/E ratio of 16.11, a P/E/G ratio of 6.77 and a beta of 0.74. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.56 and a current ratio of 0.71.
ONEOK (NYSE:OKE – Get Free Report) last released its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $1.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.07). ONEOK had a net margin of 10.03% and a return on equity of 16.06%. The company had revenue of $9.62 billion during the quarter, compared to analyst estimates of $8.23 billion. During the same period in the prior year, the business posted $1.04 EPS. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. As a group, equities research analysts anticipate that ONEOK, Inc. will post 5.72 earnings per share for the current fiscal year.
ONEOK Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 4th were paid a $1.07 dividend. The ex-dividend date of this dividend was Monday, May 4th. This represents a $4.28 dividend on an annualized basis and a yield of 4.7%. ONEOK’s dividend payout ratio (DPR) is currently 76.29%.
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.
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