First Trust Advisors LP Buys 180,887 Shares of ONEOK, Inc. $OKE

First Trust Advisors LP grew its stake in shares of ONEOK, Inc. (NYSE:OKE) by 12.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,674,559 shares of the utilities provider’s stock after purchasing an additional 180,887 shares during the period. First Trust Advisors LP owned approximately 0.27% of ONEOK worth $122,193,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in OKE. Vanguard Group Inc. increased its position in ONEOK by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 77,222,590 shares of the utilities provider’s stock valued at $5,634,932,000 after buying an additional 711,619 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in ONEOK by 2.9% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 21,570,904 shares of the utilities provider’s stock worth $1,760,833,000 after buying an additional 613,674 shares during the period. Geode Capital Management LLC boosted its holdings in ONEOK by 2.3% in the second quarter. Geode Capital Management LLC now owns 15,800,797 shares of the utilities provider’s stock worth $1,284,303,000 after acquiring an additional 355,751 shares in the last quarter. Invesco Ltd. grew its stake in ONEOK by 0.6% in the second quarter. Invesco Ltd. now owns 8,386,831 shares of the utilities provider’s stock valued at $684,617,000 after acquiring an additional 46,892 shares during the period. Finally, First Eagle Investment Management LLC grew its stake in ONEOK by 24.2% in the third quarter. First Eagle Investment Management LLC now owns 7,769,215 shares of the utilities provider’s stock valued at $566,920,000 after acquiring an additional 1,513,042 shares during the period. Institutional investors own 69.13% of the company’s stock.

ONEOK Stock Up 1.6%

OKE stock opened at $86.95 on Monday. The firm has a market capitalization of $54.76 billion, a PE ratio of 16.04, a P/E/G ratio of 5.13 and a beta of 0.93. The company has a quick ratio of 0.56, a current ratio of 0.71 and a debt-to-equity ratio of 1.36. ONEOK, Inc. has a twelve month low of $64.02 and a twelve month high of $103.64. The stock’s 50 day moving average is $79.43 and its 200-day moving average is $74.39.

ONEOK (NYSE:OKE) last announced 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. The business had revenue of $9.07 billion during the quarter, compared to the consensus estimate of $8.77 billion. ONEOK had a return on equity of 15.29% and a net margin of 10.09%.During the same quarter in the prior year, the company posted $1.57 earnings per share. ONEOK has set its FY 2026 guidance at 5.040-5.870 EPS. Sell-side analysts expect that ONEOK, Inc. will post 5.07 EPS for the current fiscal year.

ONEOK Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Monday, February 2nd were paid a $1.07 dividend. This represents a $4.28 annualized dividend and a dividend yield of 4.9%. The ex-dividend date was Monday, February 2nd. This is a positive change from ONEOK’s previous quarterly dividend of $1.03. ONEOK’s dividend payout ratio (DPR) is currently 78.97%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Jefferies Financial Group started coverage on ONEOK in a report on Tuesday, January 20th. They set a “hold” rating and a $80.00 price objective for the company. UBS Group reduced their price target on shares of ONEOK from $114.00 to $103.00 and set a “buy” rating for the company in a research report on Thursday, January 22nd. Scotiabank restated an “outperform” rating and set a $91.00 price target on shares of ONEOK in a research note on Friday, January 16th. Wells Fargo & Company lowered their price objective on shares of ONEOK from $82.00 to $79.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 25th. Finally, Wolfe Research lowered shares of ONEOK from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, February 25th. Seven investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, ONEOK has an average rating of “Hold” and a consensus price target 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.