Chickasaw Capital Management LLC Increases Holdings in ONEOK, Inc. $OKE

Chickasaw Capital Management LLC boosted its stake in shares of ONEOK, Inc. (NYSE:OKE) by 0.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,709,534 shares of the utilities provider’s stock after acquiring an additional 5,579 shares during the quarter. ONEOK accounts for 8.2% of Chickasaw Capital Management LLC’s portfolio, making the stock its 5th largest position. Chickasaw Capital Management LLC owned about 0.43% of ONEOK worth $199,151,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. City Holding Co. bought a new stake in shares of ONEOK in the 3rd quarter worth about $28,000. Winnow Wealth LLC acquired a new stake in shares of ONEOK during the 3rd quarter worth about $28,000. Global Wealth Strategies & Associates bought a new position in ONEOK during the 3rd quarter valued at about $29,000. Financial Consulate Inc. acquired a new position in ONEOK in the third quarter valued at about $29,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new position in ONEOK in the second quarter valued at about $34,000. 69.13% of the stock is owned by institutional investors.

ONEOK Price Performance

Shares of OKE stock opened at $89.90 on Tuesday. ONEOK, Inc. has a 1 year low of $64.02 and a 1 year high of $103.64. The firm’s 50 day moving average is $82.44 and its 200-day moving average is $75.29. The firm has a market capitalization of $56.62 billion, a price-to-earnings ratio of 16.59, a PEG ratio of 6.79 and a beta of 0.93. 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 (NYSE:OKE) last issued 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 business had revenue of $9.07 billion during the quarter, compared to analyst estimates of $8.77 billion. During the same quarter last year, the business posted $1.57 earnings per share. ONEOK has set its FY 2026 guidance at 5.040-5.870 EPS. Sell-side analysts forecast that ONEOK, Inc. will post 5.07 EPS for the current fiscal year.

ONEOK Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Monday, February 2nd were paid a $1.07 dividend. This is an increase from ONEOK’s previous quarterly dividend of $1.03. The ex-dividend date of this dividend was Monday, February 2nd. This represents a $4.28 annualized dividend and a dividend yield of 4.8%. ONEOK’s payout ratio is 78.97%.

Analysts Set New Price Targets

Several analysts have recently weighed in on OKE shares. Wolfe Research lowered shares of ONEOK from an “outperform” rating to a “peer perform” rating in a report on Wednesday, February 25th. Scotiabank reissued an “outperform” rating and issued a $91.00 target price on shares of ONEOK in a report on Friday, January 16th. Royal Bank Of Canada increased their price target on ONEOK from $79.00 to $84.00 and gave the stock a “sector perform” rating in a research report on Thursday, March 19th. Wells Fargo & Company raised their price target on ONEOK from $79.00 to $81.00 and gave the company an “equal weight” rating in a report on Friday, March 13th. Finally, JPMorgan Chase & Co. downgraded ONEOK from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $87.00 to $83.00 in a research report on Tuesday, January 27th. Eight analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, ONEOK has a consensus rating of “Hold” and an average price target of $87.53.

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.