Chilton Investment Co. Inc. Purchases Shares of 12,149 ONEOK, Inc. $OKE

Chilton Investment Co. Inc. purchased a new stake in shares of ONEOK, Inc. (NYSE:OKE) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 12,149 shares of the utilities provider’s stock, valued at approximately $887,000.

Several other institutional investors have also recently made changes to their positions in OKE. Chiron Capital Management LLC bought a new stake in ONEOK during the third quarter valued at approximately $240,000. Bank of Nova Scotia boosted its stake in shares of ONEOK by 13.4% during the 3rd quarter. Bank of Nova Scotia now owns 150,511 shares of the utilities provider’s stock worth $10,983,000 after acquiring an additional 17,832 shares during the last quarter. Boothbay Fund Management LLC boosted its stake in shares of ONEOK by 27.0% during the 3rd quarter. Boothbay Fund Management LLC now owns 107,874 shares of the utilities provider’s stock worth $7,872,000 after acquiring an additional 22,963 shares during the last quarter. Argyle Capital Partners LLC grew its position in shares of ONEOK by 47.2% during the 3rd quarter. Argyle Capital Partners LLC now owns 23,985 shares of the utilities provider’s stock valued at $1,750,000 after acquiring an additional 7,694 shares during the period. Finally, Perissos Private Wealth Management LLC grew its position in shares of ONEOK by 18.1% during the 3rd quarter. Perissos Private Wealth Management LLC now owns 14,407 shares of the utilities provider’s stock valued at $1,051,000 after acquiring an additional 2,203 shares during the period. Institutional investors own 69.13% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on OKE. Weiss Ratings reaffirmed a “hold (c)” rating on shares of ONEOK in a report on Monday, December 29th. Scotiabank reissued an “outperform” rating and set a $91.00 price target on shares of ONEOK in a report on Friday, January 16th. Wells Fargo & Company upped their price target on ONEOK from $79.00 to $81.00 and gave the stock an “equal weight” rating in a research report on Friday. UBS Group decreased their price objective on ONEOK from $114.00 to $103.00 and set a “buy” rating on the stock in a research note on Thursday, January 22nd. Finally, JPMorgan Chase & Co. cut ONEOK from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $87.00 to $83.00 in a research report on Tuesday, January 27th. Seven equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, ONEOK currently has a consensus rating of “Hold” and a consensus price target of $86.60.

ONEOK Stock Up 0.6%

OKE opened at $85.44 on Monday. The stock has a market cap of $53.81 billion, a price-to-earnings ratio of 15.76, a price-to-earnings-growth ratio of 6.50 and a beta of 0.93. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.56 and a current ratio of 0.71. The firm’s fifty day moving average is $80.59 and its 200 day moving average is $74.77. ONEOK, Inc. has a fifty-two week low of $64.02 and a fifty-two week high of $103.64.

ONEOK (NYSE:OKE) last issued 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 during the quarter, compared to analyst estimates 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 business posted $1.57 EPS. ONEOK has set its FY 2026 guidance at 5.040-5.870 EPS. On average, sell-side analysts forecast that ONEOK, Inc. will post 5.07 earnings per share for the current fiscal year.

ONEOK Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Stockholders 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 5.0%. This is a positive change from ONEOK’s previous quarterly dividend of $1.03. The ex-dividend date of this dividend was Monday, February 2nd. ONEOK’s dividend payout ratio is currently 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.