Blair William & Co. IL Decreases Position in ONEOK, Inc. $OKE

Blair William & Co. IL lessened its position in ONEOK, Inc. (NYSE:OKE) by 5.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 143,426 shares of the utilities provider’s stock after selling 8,598 shares during the period. Blair William & Co. IL’s holdings in ONEOK were worth $10,466,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Norges Bank purchased a new position in ONEOK in the 2nd quarter worth about $562,832,000. Boston Partners boosted its holdings in ONEOK by 53.7% in the second quarter. Boston Partners now owns 5,509,100 shares of the utilities provider’s stock worth $448,476,000 after purchasing an additional 1,924,864 shares during the last quarter. First Eagle Investment Management LLC boosted its holdings in 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 worth $566,920,000 after purchasing an additional 1,513,042 shares during the last quarter. Vanguard Group Inc. grew its position in ONEOK by 1.7% in the 2nd 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 period. Finally, Man Group plc grew its position in ONEOK by 292.1% in the 2nd 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. Hedge funds and other institutional investors own 69.13% of the company’s stock.

ONEOK Price Performance

NYSE OKE opened at $85.84 on Tuesday. The company has a current ratio of 0.71, a quick ratio of 0.56 and a debt-to-equity ratio of 1.36. ONEOK, Inc. has a 12 month low of $64.02 and a 12 month high of $103.64. The stock has a market cap of $54.06 billion, a price-to-earnings ratio of 15.84, a PEG ratio of 5.13 and a beta of 0.93. The company’s 50 day moving average is $79.67 and its two-hundred day moving average is $74.48.

ONEOK (NYSE:OKE) last posted its quarterly 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. The business had revenue of $9.07 billion during the quarter, compared to analyst estimates of $8.77 billion. ONEOK had a net margin of 10.09% and a return on equity of 15.29%. During the same period 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, research analysts anticipate that ONEOK, Inc. will post 5.07 earnings per share for the current year.

ONEOK Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Monday, February 2nd were given a dividend of $1.07 per share. This is an increase from ONEOK’s previous quarterly dividend of $1.03. This represents a $4.28 annualized dividend and a dividend yield of 5.0%. The ex-dividend date was Monday, February 2nd. ONEOK’s dividend payout ratio (DPR) is 78.97%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on OKE shares. JPMorgan Chase & Co. cut ONEOK from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $87.00 to $83.00 in a report on Tuesday, January 27th. Wells Fargo & Company reduced their price objective on ONEOK from $82.00 to $79.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 25th. Wolfe Research downgraded ONEOK from an “outperform” rating to a “peer perform” rating in a report on Wednesday, February 25th. Barclays raised their target price on ONEOK from $76.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Thursday. Finally, UBS Group cut their price target on ONEOK from $114.00 to $103.00 and set a “buy” rating for the company in a research note on Thursday, January 22nd. Seven analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, ONEOK presently has an average rating of “Hold” and an average price target of $86.47.

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.