Massachusetts Financial Services Co. MA Boosts Stake in ONEOK, Inc. $OKE

Massachusetts Financial Services Co. MA raised its holdings in ONEOK, Inc. (NYSE:OKE – Free Report) by 83.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,827 shares of the utilities provider’s stock after purchasing an additional 5,382 shares during the period. Massachusetts Financial Services Co. MA’s holdings in ONEOK were worth $1,028,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Triune Financial Partners LLC purchased a new stake in shares of ONEOK during the fourth quarter worth about $1,151,000. Swiss Life Asset Management Ltd raised its holdings in shares of ONEOK by 219.5% during the fourth quarter. Swiss Life Asset Management Ltd now owns 1,522,404 shares of the utilities provider’s stock valued at $111,897,000 after acquiring an additional 1,045,976 shares during the last quarter. Castle Rock Wealth Management LLC lifted its position in shares of ONEOK by 360.0% in the fourth quarter. Castle Rock Wealth Management LLC now owns 36,216 shares of the utilities provider’s stock valued at $2,815,000 after acquiring an additional 28,343 shares in the last quarter. First Eagle Investment Management LLC lifted its position 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 valued at $835,350,000 after acquiring an additional 3,596,089 shares in the last quarter. Finally, Torray Investment Partners LLC acquired a new stake in shares of ONEOK in the fourth quarter worth approximately $19,109,000. 69.13% of the stock is currently owned by hedge funds and other institutional investors.

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ONEOK Stock Performance

Shares of ONEOK stock opened at $94.99 on Friday. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.59 and a current ratio of 0.74. The business’s 50 day moving average price is $89.48 and its 200 day moving average price is $87.61. The company has a market cap of $59.88 billion, a price-to-earnings ratio of 16.38, a PEG ratio of 4.83 and a beta of 0.73. ONEOK, Inc. has a one year low of $64.02 and a one year high of $96.07.

ONEOK (NYSE:OKE – Get Free Report) last issued its earnings results on Monday, August 3rd. The utilities provider reported $1.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.07. The business had revenue of $12.05 billion during the quarter, compared to the consensus estimate of $8.95 billion. ONEOK had a return on equity of 16.41% and a net margin of 9.29%.During the same period last year, the company earned $1.34 EPS. ONEOK has set its FY 2026 guidance at 5.680-5.680 EPS. On average, research analysts predict that ONEOK, Inc. will post 5.87 EPS for the current year.

ONEOK Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Monday, August 3rd were paid a $1.07 dividend. This represents a $4.28 annualized dividend and a dividend yield of 4.5%. The ex-dividend date was Monday, August 3rd. ONEOK’s dividend payout ratio (DPR) is presently 73.79%.

Analyst Ratings Changes

Several research analysts recently commented on OKE shares. Morgan Stanley reissued an “equal weight” rating and issued a $103.00 price objective (down from $113.00) on shares of ONEOK in a research note on Wednesday, July 29th. Barclays dropped their target price on shares of ONEOK from $90.00 to $88.00 and set an “equal weight” rating for the company in a report on Wednesday, July 8th. Weiss Ratings upgraded shares of ONEOK from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, May 18th. Royal Bank Of Canada raised their price target on shares of ONEOK from $84.00 to $90.00 and gave the stock a “sector perform” rating in a research note on Tuesday, July 21st. Finally, Raymond James Financial restated an “outperform” rating and set a $92.00 price target on shares of ONEOK in a research report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $91.81.

Check Out Our Latest Stock Report on ONEOK

ONEOK 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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