Aberdeen Group plc Acquires 301,654 Shares of ONEOK, Inc. $OKE

Aberdeen Group plc raised its holdings in shares of ONEOK, Inc. (NYSE:OKE) by 46.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 957,663 shares of the utilities provider’s stock after buying an additional 301,654 shares during the period. Aberdeen Group plc owned about 0.15% of ONEOK worth $70,388,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Brighton Jones LLC grew its holdings in shares of ONEOK by 137.1% in the fourth quarter. Brighton Jones LLC now owns 15,278 shares of the utilities provider’s stock worth $1,534,000 after purchasing an additional 8,834 shares during the last quarter. Empowered Funds LLC increased its position in shares of ONEOK by 0.8% in the first quarter. Empowered Funds LLC now owns 17,957 shares of the utilities provider’s stock valued at $1,782,000 after acquiring an additional 137 shares during the period. Acadian Asset Management LLC bought a new position in shares of ONEOK during the first quarter valued at about $216,000. Quantbot Technologies LP boosted its holdings in shares of ONEOK by 151.3% during the second quarter. Quantbot Technologies LP now owns 38,741 shares of the utilities provider’s stock worth $3,162,000 after purchasing an additional 23,327 shares during the period. Finally, Twin Peaks Wealth Advisors LLC purchased a new stake in shares of ONEOK during the second quarter worth about $34,000. 69.13% of the stock is owned by institutional investors.

ONEOK Trading Up 0.0%

ONEOK stock opened at $88.33 on Friday. ONEOK, Inc. has a one year low of $64.02 and a one year high of $97.41. The business’s fifty day moving average is $85.23 and its 200 day moving average is $76.40. The stock has a market capitalization of $55.65 billion, a PE ratio of 16.30, a price-to-earnings-growth ratio of 6.70 and a beta of 0.84. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.71 and a quick ratio of 0.56.

ONEOK (NYSE:OKE) last issued its earnings results on Monday, February 23rd. The utilities provider reported $1.55 earnings per share for the quarter, topping 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 business had revenue of $9.07 billion during the quarter, compared to analyst estimates of $8.77 billion. During the same quarter in the previous year, the firm earned $1.57 EPS. ONEOK has set its FY 2026 guidance at 5.040-5.870 EPS. On average, sell-side analysts predict that ONEOK, Inc. will post 5.07 EPS for the current year.

ONEOK Increases Dividend

The company also recently disclosed 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 a positive change from ONEOK’s previous quarterly dividend of $1.03. ONEOK’s payout ratio is 78.97%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on OKE shares. Wells Fargo & Company upgraded ONEOK from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $81.00 to $100.00 in a report on Wednesday, March 25th. JPMorgan Chase & Co. lowered ONEOK from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $87.00 to $83.00 in a research report on Tuesday, January 27th. UBS Group reduced their target price on ONEOK from $114.00 to $103.00 and set a “buy” rating on the stock in a research note on Thursday, January 22nd. Barclays upped their target price on ONEOK from $76.00 to $82.00 and gave the company an “equal weight” rating in a report on Thursday, March 5th. Finally, Truist Financial assumed coverage on ONEOK in a research note on Tuesday, March 24th. They issued a “hold” rating and a $91.00 price target for the company. Nine investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $88.94.

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.