American Century Companies Inc. Raises Stock Holdings in ONEOK, Inc. $OKE

American Century Companies Inc. increased its holdings in ONEOK, Inc. (NYSE:OKE) by 47.4% during the 3rd quarter, Holdings Channel.com reports. 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.’s holdings in ONEOK were worth $145,847,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Empowered Funds LLC boosted its position in ONEOK by 0.8% in the 1st quarter. Empowered Funds LLC now owns 17,957 shares of the utilities provider’s stock worth $1,782,000 after purchasing an additional 137 shares in the last quarter. Focused Wealth Management Inc raised its stake in ONEOK by 4.3% in the 3rd quarter. Focused Wealth Management Inc now owns 3,441 shares of the utilities provider’s stock valued at $251,000 after purchasing an additional 142 shares during the last quarter. Fidelis Capital Partners LLC raised its holdings in ONEOK by 4.2% in the 2nd quarter. Fidelis Capital Partners LLC now owns 3,589 shares of the utilities provider’s stock valued at $270,000 after acquiring an additional 144 shares during the last quarter. Silver Lake Advisory LLC lifted its stake in ONEOK by 1.4% in the 3rd quarter. Silver Lake Advisory LLC now owns 10,788 shares of the utilities provider’s stock worth $787,000 after purchasing an additional 147 shares in the last quarter. Finally, Alternative Investment Advisors LLC. increased its stake in shares of ONEOK by 1.2% in the 2nd quarter. Alternative Investment Advisors LLC. now owns 12,479 shares of the utilities provider’s stock worth $1,019,000 after acquiring an additional 148 shares during the last quarter. 69.13% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently weighed in on OKE. Barclays lowered their price target on ONEOK from $78.00 to $76.00 and set an “equal weight” rating for the company in a report on Thursday, January 15th. Mizuho set a $89.00 price target on shares of ONEOK in a research note on Monday, February 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of ONEOK in a research note on Monday, December 29th. UBS Group dropped their price objective on ONEOK from $114.00 to $103.00 and set a “buy” rating on the stock in a report on Thursday, January 22nd. Finally, JPMorgan Chase & Co. downgraded ONEOK from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $87.00 to $83.00 in a report on Tuesday, January 27th. Seven research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, ONEOK currently has a consensus rating of “Hold” and a consensus price target of $86.07.

ONEOK Stock Down 1.6%

OKE stock opened at $82.67 on Monday. The company has a current ratio of 0.71, a quick ratio of 0.56 and a debt-to-equity ratio of 1.36. The company’s 50-day moving average price is $78.17 and its 200 day moving average price is $73.97. ONEOK, Inc. has a 52 week low of $64.02 and a 52 week high of $103.64. The company has a market cap of $52.06 billion, a P/E ratio of 15.25, a P/E/G ratio of 4.88 and a beta of 0.93.

ONEOK (NYSE:OKE) last issued its earnings results on Monday, February 23rd. The utilities provider reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.50 by $0.05. The company had revenue of $9.07 billion during the quarter, compared to analysts’ expectations of $8.77 billion. ONEOK had a net margin of 10.09% and a return on equity of 15.29%. During the same period last year, the company posted $1.57 earnings per share. ONEOK has set its FY 2026 guidance at 5.040-5.870 EPS. On average, research analysts expect that ONEOK, Inc. will post 5.07 earnings per share for the current fiscal year.

ONEOK Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Monday, February 2nd were issued a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a dividend yield of 5.2%. 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 payout ratio is presently 78.97%.

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.