ABN Amro Investment Solutions Increases Stake in ONEOK, Inc. $OKE

ABN Amro Investment Solutions boosted its stake in shares of ONEOK, Inc. (NYSE:OKE) by 10.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 90,666 shares of the utilities provider’s stock after purchasing an additional 8,844 shares during the period. ABN Amro Investment Solutions’ holdings in ONEOK were worth $8,195,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Zions Bancorporation National Association UT increased its position in ONEOK by 73.3% during the 4th quarter. Zions Bancorporation National Association UT now owns 338 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 143 shares in the last quarter. Portus Wealth Advisors LLC acquired a new position in shares of ONEOK during the first quarter worth about $33,000. Elyxium Wealth LLC acquired a new position in shares of ONEOK during the fourth quarter worth about $29,000. Wilkerson Advisory Group LLC boosted its position in shares of ONEOK by 51.4% in the first quarter. Wilkerson Advisory Group LLC now owns 392 shares of the utilities provider’s stock worth $35,000 after buying an additional 133 shares during the period. Finally, Cornerstone Financial Management LLC purchased a new stake in shares of ONEOK in the fourth quarter worth about $29,000. 69.13% of the stock is owned by hedge funds and other institutional investors.

ONEOK Price Performance

NYSE OKE opened at $91.84 on Thursday. ONEOK, Inc. has a 1 year low of $64.02 and a 1 year high of $96.07. The business’s fifty day moving average is $89.42 and its two-hundred day moving average is $85.78. The stock has a market capitalization of $57.87 billion, a P/E ratio of 16.37, a P/E/G ratio of 4.94 and a beta of 0.73. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.56 and a current ratio of 0.71.

ONEOK (NYSE:OKE) last released its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $1.23 earnings per share for the quarter, missing the consensus estimate of $1.30 by ($0.07). The company had revenue of $9.62 billion for the quarter, compared to the consensus estimate of $8.23 billion. ONEOK had a return on equity of 16.06% and a net margin of 10.03%.During the same period in the prior year, the business earned $1.04 earnings per share. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. On average, research analysts forecast that ONEOK, Inc. will post 5.68 earnings per share for the current fiscal year.

ONEOK Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Monday, August 3rd will be issued a $1.07 dividend. This represents a $4.28 annualized dividend and a dividend yield of 4.7%. The ex-dividend date is Monday, August 3rd. ONEOK’s dividend payout ratio (DPR) is presently 76.29%.

Analyst Upgrades and Downgrades

OKE has been the topic of a number of recent research reports. JPMorgan Chase & Co. boosted their target price on shares of ONEOK from $91.00 to $92.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Wells Fargo & Company dropped their price target on shares of ONEOK from $100.00 to $98.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Morgan Stanley lifted their target price on ONEOK from $104.00 to $113.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 7th. Citigroup raised their price objective on shares of ONEOK from $95.00 to $97.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Finally, Jefferies Financial Group lifted their target price on ONEOK from $98.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, April 8th. Eight investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, ONEOK presently has a consensus rating of “Hold” and a consensus price target of $92.44.

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.