AE Wealth Management LLC Boosts Stake in ONEOK, Inc. $OKE

AE Wealth Management LLC raised its position in ONEOK, Inc. (NYSE:OKE) by 5.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 201,150 shares of the utilities provider’s stock after purchasing an additional 10,890 shares during the quarter. AE Wealth Management LLC’s holdings in ONEOK were worth $14,784,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. National Pension Service raised its stake in ONEOK by 2.9% during the third quarter. National Pension Service now owns 857,949 shares of the utilities provider’s stock worth $62,605,000 after purchasing an additional 24,003 shares during the period. Hudson Edge Investment Partners Inc. boosted its holdings in ONEOK by 34.1% during the 3rd quarter. Hudson Edge Investment Partners Inc. now owns 87,667 shares of the utilities provider’s stock valued at $6,397,000 after acquiring an additional 22,282 shares during the period. Nordea Investment Management AB increased its stake in ONEOK by 7.5% during the 3rd quarter. Nordea Investment Management AB now owns 777,262 shares of the utilities provider’s stock worth $55,885,000 after buying an additional 54,444 shares during the period. Tectonic Advisors LLC increased its stake in ONEOK by 41.1% during the 3rd quarter. Tectonic Advisors LLC now owns 188,842 shares of the utilities provider’s stock worth $13,780,000 after buying an additional 55,024 shares during the period. Finally, Legal & General Group Plc increased its stake in ONEOK by 1.6% during the 3rd quarter. Legal & General Group Plc now owns 5,218,376 shares of the utilities provider’s stock worth $380,785,000 after buying an additional 80,683 shares during the period. 69.13% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on OKE. Weiss Ratings reissued a “hold (c)” rating on shares of ONEOK in a research report on Monday, December 29th. Barclays upped their target price on shares of ONEOK from $76.00 to $82.00 and gave the company an “equal weight” rating in a report on Thursday, March 5th. Jefferies Financial Group upped their target price on shares of ONEOK from $98.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, April 8th. JPMorgan Chase & Co. cut shares of ONEOK from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $87.00 to $83.00 in a report on Tuesday, January 27th. Finally, Morgan Stanley increased their price target on shares of ONEOK from $104.00 to $113.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 7th. Nine investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $89.69.

ONEOK Trading Down 1.9%

Shares of OKE stock opened at $83.55 on Friday. The stock has a market cap of $52.64 billion, a price-to-earnings ratio of 15.42, a price-to-earnings-growth ratio of 6.43 and a beta of 0.84. 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 fifty-two week low of $64.02 and a fifty-two week high of $95.30. The firm’s 50 day moving average price is $86.68 and its two-hundred day moving average price is $77.32.

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

ONEOK Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Monday, February 2nd were paid a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a dividend yield of 5.1%. This is a boost from ONEOK’s previous quarterly dividend of $1.03. The ex-dividend date was Monday, February 2nd. ONEOK’s payout ratio is presently 78.97%.

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.