Capital International Investors Makes New Investment in ONEOK, Inc. $OKE

Capital International Investors purchased a new position in shares of ONEOK, Inc. (NYSE:OKE) during the 4th quarter, Holdings Channel reports. The fund purchased 7,979,597 shares of the utilities provider’s stock, valued at approximately $586,500,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Capital Group Private Client Services Inc. bought a new stake in ONEOK during the 4th quarter worth about $2,300,000. Longfellow Investment Management Co. LLC lifted its position in ONEOK by 41.6% during the 4th quarter. Longfellow Investment Management Co. LLC now owns 12,966 shares of the utilities provider’s stock worth $953,000 after buying an additional 3,809 shares in the last quarter. Havemeyer Place LP bought a new stake in ONEOK during the 4th quarter worth about $1,177,000. OneAscent Financial Services LLC lifted its position in ONEOK by 4.6% during the 4th quarter. OneAscent Financial Services LLC now owns 3,881 shares of the utilities provider’s stock worth $285,000 after buying an additional 172 shares in the last quarter. Finally, Ipsen Advisor Group LLC lifted its position in ONEOK by 3.3% during the 4th quarter. Ipsen Advisor Group LLC now owns 7,569 shares of the utilities provider’s stock worth $556,000 after buying an additional 239 shares in the last quarter. 69.13% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Scotiabank cut shares of ONEOK from a “sector outperform” rating to a “sector perform” rating and cut their price target for the stock from $92.00 to $89.00 in a research report on Thursday, April 30th. JPMorgan Chase & Co. boosted their price target 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. Weiss Ratings upgraded shares of ONEOK from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 18th. Wells Fargo & Company lowered their price objective 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. Finally, Truist Financial boosted their price objective on shares of ONEOK from $91.00 to $93.00 and gave the stock a “hold” rating in a research note on Monday, May 4th. Eight research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $91.88.

ONEOK Stock Up 0.0%

ONEOK stock opened at $88.26 on Monday. The firm has a market capitalization of $55.61 billion, a PE ratio of 15.73, a P/E/G ratio of 6.60 and a beta of 0.74. The company’s 50-day moving average is $88.56 and its 200-day moving average is $81.98. ONEOK, Inc. has a fifty-two week low of $64.02 and a fifty-two week high of $96.07. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.71 and a quick ratio of 0.56.

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 firm had revenue of $9.62 billion for the quarter, compared to analyst estimates of $8.23 billion. ONEOK had a return on equity of 16.06% and a net margin of 10.03%.During the same quarter in the prior year, the firm earned $1.04 earnings per share. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. Sell-side analysts anticipate that ONEOK, Inc. will post 5.72 earnings per share for the current year.

ONEOK Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 4th were paid a $1.07 dividend. The ex-dividend date was Monday, May 4th. This represents a $4.28 dividend on an annualized basis and a yield of 4.8%. ONEOK’s dividend payout ratio is 76.29%.

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.