Clear Trail Advisors LLC Purchases New Position in ONEOK, Inc. $OKE

Clear Trail Advisors LLC purchased a new stake in ONEOK, Inc. (NYSE:OKE) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 18,819 shares of the utilities provider’s stock, valued at approximately $1,383,000.

Several other hedge funds have also recently bought and sold shares of OKE. Vanguard Group Inc. boosted its stake in shares of 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 purchasing an additional 711,619 shares in the last quarter. Invesco Ltd. grew its holdings in shares of ONEOK by 6.3% in the 3rd quarter. Invesco Ltd. now owns 8,919,098 shares of the utilities provider’s stock worth $650,827,000 after purchasing an additional 532,267 shares during the last quarter. First Eagle Investment Management LLC increased its position in shares of ONEOK by 24.2% during the 3rd quarter. First Eagle Investment Management LLC now owns 7,769,215 shares of the utilities provider’s stock worth $566,920,000 after purchasing an additional 1,513,042 shares in the last quarter. Norges Bank acquired a new stake in shares of ONEOK during the 2nd quarter worth about $562,832,000. Finally, Boston Partners lifted its holdings in ONEOK by 53.7% during the 2nd 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 last quarter. 69.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

OKE has been the topic of several research analyst reports. Royal Bank Of Canada upped their price objective on shares of ONEOK from $79.00 to $84.00 and gave the stock a “sector perform” rating in a research note on Thursday, March 19th. Morgan Stanley reiterated an “overweight” rating and issued a $104.00 target price on shares of ONEOK in a research note on Wednesday, January 28th. Scotiabank restated an “outperform” rating and set a $91.00 price target on shares of ONEOK in a research report on Friday, January 16th. JPMorgan Chase & Co. cut ONEOK from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $87.00 to $83.00 in a report on Tuesday, January 27th. Finally, Wells Fargo & Company lifted their price objective on ONEOK from $79.00 to $81.00 and gave the company an “equal weight” rating in a research report on Friday, March 13th. Eight research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $87.53.

ONEOK Stock Performance

OKE stock opened at $89.90 on Tuesday. ONEOK, Inc. has a twelve month low of $64.02 and a twelve month high of $103.64. The company has a quick ratio of 0.56, a current ratio of 0.71 and a debt-to-equity ratio of 1.36. The company has a market cap of $56.62 billion, a P/E ratio of 16.59, a price-to-earnings-growth ratio of 6.79 and a beta of 0.93. The business’s fifty day moving average is $82.44 and its 200-day moving average is $75.29.

ONEOK (NYSE:OKE) last announced its quarterly earnings data on Monday, February 23rd. The utilities provider reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.50 by $0.05. The business had revenue of $9.07 billion during the quarter, compared to analysts’ expectations of $8.77 billion. ONEOK had a return on equity of 15.29% and a net margin of 10.09%.During the same period in the previous year, the firm earned $1.57 earnings per share. ONEOK has set its FY 2026 guidance at 5.040-5.870 EPS. Equities research analysts forecast that ONEOK, Inc. will post 5.07 EPS for the current year.

ONEOK Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Monday, February 2nd were given a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a dividend yield of 4.8%. The ex-dividend date was Monday, February 2nd. This is an increase from ONEOK’s previous quarterly dividend of $1.03. ONEOK’s dividend payout ratio 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.