ONEOK, Inc. $OKE Shares Purchased by Chickasaw Capital Management LLC

Chickasaw Capital Management LLC boosted its position in shares of ONEOK, Inc. (NYSE:OKE) by 0.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,709,534 shares of the utilities provider’s stock after purchasing an additional 5,579 shares during the quarter. ONEOK comprises 8.2% of Chickasaw Capital Management LLC’s holdings, making the stock its 5th biggest position. Chickasaw Capital Management LLC’s holdings in ONEOK were worth $199,151,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Clear Trail Advisors LLC bought a new position in shares of ONEOK in the 4th quarter valued at about $1,383,000. BOS Asset Management LLC raised its stake in shares of ONEOK by 5.4% during the fourth quarter. BOS Asset Management LLC now owns 4,197 shares of the utilities provider’s stock worth $309,000 after buying an additional 216 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of ONEOK by 729.3% during the fourth quarter. SG Americas Securities LLC now owns 388,383 shares of the utilities provider’s stock worth $28,546,000 after buying an additional 341,548 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in ONEOK by 25.1% in the fourth quarter. Assenagon Asset Management S.A. now owns 734,671 shares of the utilities provider’s stock valued at $53,998,000 after buying an additional 147,220 shares during the period. Finally, Diversified Trust Co. boosted its stake in ONEOK by 91.1% in the fourth quarter. Diversified Trust Co. now owns 10,871 shares of the utilities provider’s stock valued at $799,000 after acquiring an additional 5,183 shares during the last quarter. 69.13% of the stock is currently owned by institutional investors and hedge funds.

ONEOK Trading Up 0.8%

Shares of NYSE OKE opened at $89.90 on Tuesday. ONEOK, Inc. has a twelve month low of $64.02 and a twelve month high of $103.64. The stock has a market cap of $56.62 billion, a price-to-earnings ratio of 16.59, a P/E/G ratio of 6.79 and a beta of 0.93. The company has a quick ratio of 0.56, a current ratio of 0.71 and a debt-to-equity ratio of 1.36. The company’s fifty day moving average is $82.44 and its 200-day moving average is $75.29.

ONEOK (NYSE:OKE) last released its quarterly earnings data on Monday, February 23rd. The utilities provider reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.50 by $0.05. The business 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 quarter in the prior year, the company earned $1.57 EPS. ONEOK has set its FY 2026 guidance at 5.040-5.870 EPS. Equities research analysts predict that ONEOK, Inc. will post 5.07 EPS for the current year.

ONEOK Increases Dividend

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

Analysts Set New Price Targets

A number of analysts have commented on the stock. Mizuho set a $89.00 target price on shares of ONEOK in a report on Monday, February 23rd. Royal Bank Of Canada raised 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. Barclays lifted their price objective on ONEOK from $76.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 5th. Wells Fargo & Company upped their price objective on ONEOK from $79.00 to $81.00 and gave the company an “equal weight” rating in a report on Friday, March 13th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $104.00 target price on shares of ONEOK in a research note on Wednesday, January 28th. Eight research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $87.53.

ONEOK Company 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.