Rockefeller Capital Management L.P. grew its position in shares of ONEOK, Inc. (NYSE:OKE – Free Report) by 17.8% in the fourth quarter, HoldingsChannel reports. The fund owned 395,776 shares of the utilities provider’s stock after acquiring an additional 59,666 shares during the period. Rockefeller Capital Management L.P.’s holdings in ONEOK were worth $29,090,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Hoxton Planning & Management LLC boosted its position in ONEOK by 2.3% during the fourth quarter. Hoxton Planning & Management LLC now owns 5,372 shares of the utilities provider’s stock valued at $395,000 after purchasing an additional 120 shares during the last quarter. Disciplined Investments LLC grew its stake in ONEOK by 0.6% in the 4th quarter. Disciplined Investments LLC now owns 21,577 shares of the utilities provider’s stock valued at $1,586,000 after buying an additional 125 shares during the last quarter. TCV Trust & Wealth Management Inc. increased its stake in shares of ONEOK by 4.2% during the fourth quarter. TCV Trust & Wealth Management Inc. now owns 3,290 shares of the utilities provider’s stock worth $242,000 after purchasing an additional 133 shares during the period. Loomis Sayles & Co. L P increased its position in ONEOK by 14.8% during the 4th quarter. Loomis Sayles & Co. L P now owns 1,034 shares of the utilities provider’s stock worth $76,000 after buying an additional 133 shares during the period. Finally, Empowered Funds LLC increased its position in ONEOK by 0.8% during the first quarter. Empowered Funds LLC now owns 17,957 shares of the utilities provider’s stock worth $1,782,000 after acquiring an additional 137 shares during the period. 69.13% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several equities analysts have weighed in on the company. Citigroup lifted their price objective on ONEOK from $95.00 to $97.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Jefferies Financial Group upped their price objective on shares of ONEOK from $98.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, April 8th. Truist Financial upped their target price on ONEOK from $91.00 to $93.00 and gave the stock a “hold” rating in a report on Monday, May 4th. Wolfe Research downgraded shares of ONEOK from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, February 25th. Finally, Barclays raised their price objective on ONEOK from $82.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 30th. Eight equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $91.88.
ONEOK Price Performance
Shares of NYSE OKE opened at $86.13 on Tuesday. The firm’s 50-day moving average price is $88.05 and its 200-day moving average price is $83.24. ONEOK, Inc. has a 1-year low of $64.02 and a 1-year high of $96.07. The company has a current ratio of 0.71, a quick ratio of 0.56 and a debt-to-equity ratio of 1.37. The firm has a market capitalization of $54.26 billion, a P/E ratio of 15.35, a P/E/G ratio of 6.36 and a beta of 0.74.
ONEOK (NYSE:OKE – Get Free Report) last announced its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $1.23 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 firm had revenue of $9.62 billion during the quarter, compared to analyst estimates of $8.23 billion. 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. 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 disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Monday, May 4th were paid a dividend of $1.07 per share. The ex-dividend date was Monday, May 4th. This represents a $4.28 annualized dividend and a yield of 5.0%. ONEOK’s dividend payout ratio (DPR) is 76.29%.
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.
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