ONEOK, Inc. $OKE Shares Bought by Capital Advisors Inc. OK

Capital Advisors Inc. OK raised its position in ONEOK, Inc. (NYSE:OKE) by 21.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 109,917 shares of the utilities provider’s stock after buying an additional 19,690 shares during the quarter. Capital Advisors Inc. OK’s holdings in ONEOK were worth $8,079,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of OKE. National Pension Service boosted its stake in shares of ONEOK by 2.9% during the third quarter. National Pension Service now owns 857,949 shares of the utilities provider’s stock worth $62,605,000 after buying an additional 24,003 shares during the period. Hudson Edge Investment Partners Inc. increased its position in ONEOK by 34.1% in the 3rd quarter. Hudson Edge Investment Partners Inc. now owns 87,667 shares of the utilities provider’s stock valued at $6,397,000 after acquiring an additional 22,282 shares during the period. Nordea Investment Management AB increased its position in ONEOK by 7.5% in the 3rd quarter. Nordea Investment Management AB now owns 777,262 shares of the utilities provider’s stock valued at $55,885,000 after acquiring an additional 54,444 shares during the period. Tectonic Advisors LLC raised its stake in ONEOK by 41.1% during the 3rd quarter. Tectonic Advisors LLC now owns 188,842 shares of the utilities provider’s stock valued at $13,780,000 after acquiring an additional 55,024 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its position in ONEOK by 29.6% during the 3rd quarter. Jones Financial Companies Lllp now owns 534,285 shares of the utilities provider’s stock worth $39,401,000 after acquiring an additional 121,891 shares during the period. 69.13% of the stock is owned by institutional investors and hedge funds.

ONEOK Stock Performance

Shares of OKE stock opened at $90.29 on Wednesday. The company has a market cap of $56.86 billion, a price-to-earnings ratio of 16.66, a price-to-earnings-growth ratio of 7.06 and a beta of 0.93. The stock has a 50 day simple moving average of $84.59 and a 200-day simple moving average of $76.13. ONEOK, Inc. has a 12-month low of $64.02 and a 12-month high of $100.57. 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 posted its quarterly earnings results on Monday, February 23rd. The utilities provider reported $1.55 EPS for the quarter, beating the consensus estimate of $1.50 by $0.05. ONEOK had a return on equity of 15.29% and a net margin of 10.09%.The business had revenue of $9.07 billion during the quarter, compared to analysts’ expectations of $8.77 billion. During the same period last year, the firm earned $1.57 EPS. ONEOK has set its FY 2026 guidance at 5.040-5.870 EPS. On average, equities analysts forecast that ONEOK, Inc. will post 5.07 EPS for the current year.

ONEOK Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Monday, February 2nd were given a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a dividend yield of 4.7%. The ex-dividend date was Monday, February 2nd. This is an increase from ONEOK’s previous quarterly dividend of $1.03. ONEOK’s payout ratio is presently 78.97%.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Mizuho set a $89.00 target price on ONEOK in a research note on Monday, February 23rd. JPMorgan Chase & Co. downgraded ONEOK from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $87.00 to $83.00 in a report on Tuesday, January 27th. UBS Group lowered their price objective on shares of ONEOK from $114.00 to $103.00 and set a “buy” rating on the stock in a research report on Thursday, January 22nd. Morgan Stanley reissued an “overweight” rating and issued a $104.00 price objective on shares of ONEOK in a research note on Wednesday, January 28th. Finally, Scotiabank restated an “outperform” rating and set a $91.00 price objective on shares of ONEOK in a research report on Friday, January 16th. Nine analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, ONEOK has an average rating of “Moderate Buy” and an average target price of $88.94.

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.