ONEOK, Inc. $OKE Shares Acquired by Advisors Management Group Inc. ADV

Advisors Management Group Inc. ADV raised its stake in ONEOK, Inc. (NYSE:OKE) by 13.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 81,715 shares of the utilities provider’s stock after purchasing an additional 9,588 shares during the period. ONEOK accounts for about 1.0% of Advisors Management Group Inc. ADV’s holdings, making the stock its 29th biggest position. Advisors Management Group Inc. ADV’s holdings in ONEOK were worth $5,963,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Norges Bank purchased a new position in ONEOK during the 2nd quarter worth approximately $562,832,000. Boston Partners increased its holdings in shares of ONEOK by 53.7% in the second quarter. Boston Partners now owns 5,509,100 shares of the utilities provider’s stock valued at $448,476,000 after purchasing an additional 1,924,864 shares during the period. First Eagle Investment Management LLC increased its holdings in shares of 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 purchasing an additional 1,513,042 shares during the period. Vanguard Group Inc. raised its stake in shares of ONEOK by 1.7% during the second quarter. Vanguard Group Inc. now owns 76,510,971 shares of the utilities provider’s stock worth $6,245,591,000 after purchasing an additional 1,314,002 shares during the last quarter. Finally, Man Group plc lifted its holdings in shares of ONEOK by 292.1% during the second quarter. Man Group plc now owns 1,558,993 shares of the utilities provider’s stock worth $127,261,000 after purchasing an additional 1,161,352 shares during the period. Institutional investors and hedge funds own 69.13% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. UBS Group lowered their price objective on shares of ONEOK from $114.00 to $103.00 and set a “buy” rating on the stock in a research report on Thursday, January 22nd. JPMorgan Chase & Co. cut shares of ONEOK from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $87.00 to $83.00 in a report on Tuesday, January 27th. Scotiabank reaffirmed an “outperform” rating and set a $91.00 price target on shares of ONEOK in a research note on Friday, January 16th. Wolfe Research downgraded ONEOK from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, February 25th. Finally, Wells Fargo & Company boosted their target price on shares of ONEOK from $79.00 to $81.00 and gave the company an “equal weight” rating in a research note on Friday, March 13th. Seven analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, ONEOK currently has a consensus rating of “Hold” and a consensus price target of $86.60.

ONEOK Stock Down 0.4%

Shares of NYSE OKE opened at $86.21 on Thursday. 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, Inc. has a 1 year low of $64.02 and a 1 year high of $103.64. The stock’s 50-day simple moving average is $81.45 and its 200-day simple moving average is $74.99. The firm has a market cap of $54.29 billion, a price-to-earnings ratio of 15.91, a PEG ratio of 6.59 and a beta of 0.93.

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

ONEOK Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Monday, February 2nd were issued a $1.07 dividend. This is a positive change from ONEOK’s previous quarterly dividend of $1.03. The ex-dividend date was Monday, February 2nd. This represents a $4.28 dividend on an annualized basis and a dividend yield of 5.0%. ONEOK’s dividend payout ratio (DPR) is presently 78.97%.

About ONEOK

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.