American Century Companies Inc. Raises Stake in ONEOK, Inc. $OKE

American Century Companies Inc. increased its holdings in ONEOK, Inc. (NYSE:OKE) by 47.4% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,998,726 shares of the utilities provider’s stock after buying an additional 642,427 shares during the period. American Century Companies Inc. owned 0.32% of ONEOK worth $145,847,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Harvest Portfolios Group Inc. lifted its stake in shares of ONEOK by 32.8% in the 3rd quarter. Harvest Portfolios Group Inc. now owns 122,893 shares of the utilities provider’s stock valued at $8,968,000 after acquiring an additional 30,343 shares during the last quarter. Huntington National Bank boosted its holdings in shares of ONEOK by 9.6% during the 3rd quarter. Huntington National Bank now owns 16,763 shares of the utilities provider’s stock valued at $1,223,000 after buying an additional 1,468 shares in the last quarter. Accredited Wealth Management LLC boosted its position in shares of ONEOK by 342.5% in the 3rd quarter. Accredited Wealth Management LLC now owns 500 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 387 shares in the last quarter. Gentry Private Wealth LLC grew its position in ONEOK by 5.8% during the 3rd quarter. Gentry Private Wealth LLC now owns 6,327 shares of the utilities provider’s stock valued at $462,000 after purchasing an additional 346 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV lifted its position in ONEOK by 351.0% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 21,448 shares of the utilities provider’s stock valued at $1,565,000 after acquiring an additional 16,692 shares in the last quarter. Hedge funds and other institutional investors own 69.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on OKE shares. The Goldman Sachs Group restated a “neutral” rating and issued a $72.00 target price on shares of ONEOK in a report on Monday, November 3rd. Mizuho set a $89.00 price target on shares of ONEOK in a report on Monday, February 23rd. Argus raised ONEOK from a “hold” rating to a “buy” rating and set a $79.00 price target on the stock in a report on Thursday, November 6th. Jefferies Financial Group started coverage on shares of ONEOK in a research note on Tuesday, January 20th. They issued a “hold” rating and a $80.00 price target on the stock. Finally, Scotiabank reiterated an “outperform” rating and set a $91.00 price objective on shares of ONEOK in a research report on Friday, January 16th. Seven investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $86.07.

ONEOK Trading Down 1.6%

OKE opened at $82.67 on Monday. 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 stock’s fifty day moving average is $78.17 and its two-hundred day moving average is $73.97. The company has a market capitalization of $52.06 billion, a P/E ratio of 15.25, a PEG ratio of 4.88 and a beta of 0.93. ONEOK, Inc. has a 52 week low of $64.02 and a 52 week high of $103.64.

ONEOK (NYSE:OKE) last posted its quarterly earnings results on Monday, February 23rd. The utilities provider reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.50 by $0.05. The business had revenue of $9.07 billion for 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 earned $1.57 EPS. ONEOK has set its FY 2026 guidance at 5.040-5.870 EPS. Analysts forecast that ONEOK, Inc. will post 5.07 earnings per share for the current year.

ONEOK Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Monday, February 2nd were paid a dividend of $1.07 per share. This is a boost from ONEOK’s previous quarterly dividend of $1.03. The ex-dividend date was Monday, February 2nd. This represents a $4.28 annualized dividend and a dividend yield of 5.2%. ONEOK’s dividend payout ratio (DPR) is presently 78.97%.

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.