UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in ONEOK, Inc. (NYSE:OKE – Free Report) by 1.2% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 3,710,704 shares of the utilities provider’s stock after acquiring an additional 45,407 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in ONEOK were worth $322,609,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in the company. Pin Oak Investment Advisors Inc. bought a new stake in ONEOK in the 2nd quarter worth about $28,000. Zions Bancorporation National Association UT lifted its position in shares of ONEOK by 73.3% during the 4th quarter. Zions Bancorporation National Association UT now owns 338 shares of the utilities provider’s stock worth $25,000 after buying an additional 143 shares in the last quarter. Portus Wealth Advisors LLC purchased a new position in shares of ONEOK in the 1st quarter worth approximately $33,000. Transamerica Financial Advisors LLC grew its holdings in shares of ONEOK by 69.6% in the second quarter. Transamerica Financial Advisors LLC now owns 363 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 149 shares in the last quarter. Finally, Elyxium Wealth LLC bought a new position in shares of ONEOK in the fourth quarter valued at approximately $29,000. 69.13% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of analysts recently commented on OKE shares. JPMorgan Chase & Co. lifted their price target on ONEOK from $91.00 to $92.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Morgan Stanley raised their target price on ONEOK from $103.00 to $105.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 18th. Citigroup lifted their target price 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 boosted their price target on shares of ONEOK from $91.00 to $93.00 and gave the stock a “hold” rating in a report on Monday, May 4th. Finally, Wall Street Zen upgraded shares of ONEOK from a “sell” rating to a “hold” rating in a research report on Sunday, August 9th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, ONEOK currently has an average rating of “Moderate Buy” and an average target price of $92.25.
ONEOK Price Performance
Shares of NYSE OKE opened at $96.11 on Tuesday. The stock has a fifty day simple moving average of $91.09 and a two-hundred day simple moving average of $88.84. ONEOK, Inc. has a 1-year low of $64.02 and a 1-year high of $97.90. The firm has a market cap of $60.58 billion, a price-to-earnings ratio of 16.57, a price-to-earnings-growth ratio of 2.64 and a beta of 0.73. The company has a current ratio of 0.74, a quick ratio of 0.59 and a debt-to-equity ratio of 1.34.
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, beating the consensus estimate of $1.46 by $0.07. ONEOK had a return on equity of 16.41% and a net margin of 9.29%.The firm had revenue of $12.05 billion for the quarter, compared to analyst estimates of $8.95 billion. During the same period in the previous year, the company posted $1.34 earnings per share. ONEOK has set its FY 2026 guidance at 5.680-5.680 EPS. Analysts anticipate that ONEOK, Inc. will post 5.84 earnings per share for the current year.
ONEOK Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Monday, August 3rd were paid a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date was Monday, August 3rd. ONEOK’s payout ratio is currently 73.79%.
More ONEOK News
Here are the key news stories impacting ONEOK this week:
- Positive Sentiment: ONEOK agreed to acquire Brazos Midstream’s natural-gas gathering and processing assets in the Midland Basin for approximately $4.425 billion. The deal is expected to more than double ONEOK’s Midland Basin processing capacity, expand its Permian footprint and provide immediate earnings and free-cash-flow-per-share accretion. ONEOK to Acquire Brazos Midstream’s Permian Midland Basin Assets
- Positive Sentiment: Funds managed by Apollo Global Management will make a $9 billion nonvoting minority equity investment. ONEOK plans to use $5 billion of the proceeds to retire debt, accelerating deleveraging to an estimated 3.25 times debt-to-EBITDA and preserving flexibility for organic investment, potential dividend increases and share repurchases. ONEOK’s $4.4 Billion Deal Comes With a $9 Billion Twist
- Positive Sentiment: Management said the acquisition supports the high end of its mid- to high-single-digit adjusted EBITDA growth target over the next five to seven years. The transaction is valued at roughly 7.5 times estimated 2027 EBITDA, including $80 million in annual synergies, and 6 times estimated 2028 EBITDA. ONEOK Bets $4.425 Billion on Brazos Assets
- Neutral Sentiment: Analysts and market commentary continue to highlight ONEOK’s strong cash-generation profile, dividend appeal and momentum. However, after a 133.5% five-year total return and a stock price near its 52-week high, opinions differ on whether the shares remain undervalued. ONEOK Stock Still Looks Like a Bargain on Cash Flow
- Negative Sentiment: The large acquisition and corporate reorganization introduce execution, integration and financing risks. Apollo’s minority investment may also reduce existing shareholders’ proportional economic interest, while the expanded asset base increases ONEOK’s exposure to Permian production volumes and operating performance.
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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