Alps Advisors Inc. Has $49.09 Million Position in ONEOK, Inc. $OKE

Alps Advisors Inc. increased its position in ONEOK, Inc. (NYSE:OKE) by 2.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 667,888 shares of the utilities provider’s stock after acquiring an additional 13,726 shares during the quarter. Alps Advisors Inc.’s holdings in ONEOK were worth $49,090,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in OKE. Capital International Investors acquired a new position in shares of ONEOK in the fourth quarter valued at approximately $586,500,000. Norges Bank acquired a new position in shares of ONEOK in the fourth quarter valued at approximately $564,867,000. First Eagle Investment Management LLC increased its stake in shares of ONEOK by 46.3% in the fourth quarter. First Eagle Investment Management LLC now owns 11,365,304 shares of the utilities provider’s stock valued at $835,350,000 after buying an additional 3,596,089 shares during the period. Danske Bank A S increased its stake in shares of ONEOK by 3,538.4% in the fourth quarter. Danske Bank A S now owns 1,691,433 shares of the utilities provider’s stock valued at $124,320,000 after buying an additional 1,644,945 shares during the period. Finally, Man Group plc boosted its holdings in ONEOK by 292.1% in the second quarter. Man Group plc now owns 1,558,993 shares of the utilities provider’s stock valued at $127,261,000 after acquiring an additional 1,161,352 shares during the last quarter. Institutional investors and hedge funds own 69.13% of the company’s stock.

ONEOK Price Performance

ONEOK stock opened at $89.22 on Friday. The stock has a market capitalization of $56.21 billion, a price-to-earnings ratio of 15.90, a PEG ratio of 6.77 and a beta of 0.74. ONEOK, Inc. has a 52-week low of $64.02 and a 52-week high of $96.07. The stock’s 50 day moving average price is $88.25 and its two-hundred day moving average price is $82.52. 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 posted its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $1.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.07). ONEOK had a return on equity of 16.06% and a net margin of 10.03%.The business had revenue of $9.62 billion for the quarter, compared to the consensus estimate of $8.23 billion. During the same quarter in the previous year, the company posted $1.04 earnings per share. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. On average, equities analysts predict that ONEOK, Inc. will post 5.72 earnings per share for the current year.

ONEOK Dividend Announcement

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

Wall Street Analyst Weigh In

Several brokerages recently commented on OKE. JPMorgan Chase & Co. upped their target price on ONEOK from $91.00 to $92.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Scotiabank cut ONEOK from a “sector outperform” rating to a “sector perform” rating and reduced their target price for the company from $92.00 to $89.00 in a report on Thursday, April 30th. Morgan Stanley upped their target price on ONEOK from $104.00 to $113.00 and gave the company an “overweight” rating in a report on Tuesday, April 7th. Wolfe Research cut ONEOK from an “outperform” rating to a “peer perform” rating in a report on Wednesday, February 25th. Finally, Freedom Capital upgraded ONEOK from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 5th. Eight research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $91.88.

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.