Barclays PLC Grows Stock Holdings in ONEOK, Inc. $OKE

Barclays PLC boosted its stake in ONEOK, Inc. (NYSE:OKE) by 5.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,326,215 shares of the utilities provider’s stock after acquiring an additional 72,477 shares during the period. Barclays PLC owned 0.21% of ONEOK worth $96,774,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Brighton Jones LLC grew its stake in shares of ONEOK by 137.1% in the 4th quarter. Brighton Jones LLC now owns 15,278 shares of the utilities provider’s stock valued at $1,534,000 after purchasing an additional 8,834 shares during the last quarter. Empowered Funds LLC raised its stake in shares of 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 purchasing an additional 137 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in shares of ONEOK during the first quarter worth $216,000. Golden State Wealth Management LLC lifted its holdings in shares of ONEOK by 13,350.0% during the second quarter. Golden State Wealth Management LLC now owns 807 shares of the utilities provider’s stock worth $66,000 after purchasing an additional 801 shares during the period. Finally, Modera Wealth Management LLC grew its position in ONEOK by 46.5% in the 2nd quarter. Modera Wealth Management LLC now owns 5,444 shares of the utilities provider’s stock valued at $444,000 after buying an additional 1,729 shares during the last quarter. 69.13% of the stock is owned by hedge funds and other institutional investors.

ONEOK Stock Up 1.6%

ONEOK stock opened at $86.95 on Monday. ONEOK, Inc. has a fifty-two week low of $64.02 and a fifty-two week high of $103.64. The firm has a market capitalization of $54.76 billion, a price-to-earnings ratio of 16.04, a price-to-earnings-growth ratio of 5.13 and a beta of 0.93. The stock’s fifty day moving average is $79.43 and its two-hundred day moving average is $74.39. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.56 and a current ratio of 0.71.

ONEOK (NYSE:OKE) last released its quarterly earnings results on Monday, February 23rd. The utilities provider reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.50 by $0.05. ONEOK had a return on equity of 15.29% and a net margin of 10.09%.The business had revenue of $9.07 billion during the quarter, compared to the consensus estimate of $8.77 billion. During the same quarter in the previous year, the company posted $1.57 EPS. ONEOK has set its FY 2026 guidance at 5.040-5.870 EPS. Analysts predict that ONEOK, Inc. will post 5.07 EPS for the current fiscal year.

ONEOK Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Monday, February 2nd were given a dividend of $1.07 per share. The ex-dividend date was Monday, February 2nd. This is an increase from ONEOK’s previous quarterly dividend of $1.03. This represents a $4.28 dividend on an annualized basis and a yield of 4.9%. ONEOK’s dividend payout ratio (DPR) is presently 78.97%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on OKE shares. Wolfe Research downgraded shares of ONEOK from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, February 25th. UBS Group lowered their target price on shares of ONEOK from $114.00 to $103.00 and set a “buy” rating on the stock in a report on Thursday, January 22nd. Morgan Stanley reiterated an “overweight” rating and set a $104.00 price target on shares of ONEOK in a research note on Wednesday, January 28th. Barclays increased their price target on shares of ONEOK from $76.00 to $82.00 and gave the stock an “equal weight” rating in a report on Thursday. Finally, Jefferies Financial Group assumed coverage on ONEOK in a report on Tuesday, January 20th. They issued a “hold” rating and a $80.00 price objective on the stock. Seven investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, ONEOK presently has a consensus rating of “Hold” and an average target price of $86.47.

ONEOK Company 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.