Eventide Asset Management LLC Acquires Shares of 22,362 ONEOK, Inc. $OKE

Eventide Asset Management LLC acquired a new stake in shares of ONEOK, Inc. (NYSE:OKE) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 22,362 shares of the utilities provider’s stock, valued at approximately $1,651,000.

Several other large investors have also bought and sold shares of the stock. Brighton Jones LLC increased its position in shares of ONEOK by 137.1% during the 4th quarter. Brighton Jones LLC now owns 15,278 shares of the utilities provider’s stock valued at $1,534,000 after purchasing an additional 8,834 shares during the last quarter. Empowered Funds LLC increased its position in shares of ONEOK by 0.8% during the 1st quarter. Empowered Funds LLC now owns 17,957 shares of the utilities provider’s stock valued at $1,782,000 after purchasing an additional 137 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in shares of ONEOK during the 1st quarter valued at $216,000. Federated Hermes Inc. increased its position in shares of ONEOK by 14.0% during the 2nd quarter. Federated Hermes Inc. now owns 3,120 shares of the utilities provider’s stock valued at $255,000 after purchasing an additional 383 shares during the last quarter. Finally, NewEdge Advisors LLC increased its position in shares of ONEOK by 3.9% during the 2nd quarter. NewEdge Advisors LLC now owns 130,347 shares of the utilities provider’s stock valued at $10,640,000 after purchasing an additional 4,902 shares during the last quarter. 69.13% of the stock is currently owned by institutional investors.

ONEOK Stock Performance

Shares of OKE opened at $90.40 on Monday. The stock has a 50-day moving average price of $88.31 and a 200-day moving average price of $82.66. The company has a market cap of $56.95 billion, a PE ratio of 16.11, a price-to-earnings-growth ratio of 6.77 and a beta of 0.74. ONEOK, Inc. has a 12-month low of $64.02 and a 12-month high of $96.07. The company has a current ratio of 0.71, a quick ratio of 0.56 and a debt-to-equity ratio of 1.37.

ONEOK (NYSE:OKE) last released its earnings results on Tuesday, April 28th. The utilities provider reported $1.23 earnings per share for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.07). The firm had revenue of $9.62 billion during the quarter, compared to the consensus estimate 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 previous year, the firm earned $1.04 EPS. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. As a group, equities analysts forecast that ONEOK, Inc. will post 5.72 earnings per share for the current fiscal 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 given 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 4.7%. ONEOK’s payout ratio is presently 76.29%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on OKE. JPMorgan Chase & Co. raised their target price on ONEOK from $91.00 to $92.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Scotiabank lowered ONEOK from a “sector outperform” rating to a “sector perform” rating and decreased their target price for the company from $92.00 to $89.00 in a research report on Thursday, April 30th. Wells Fargo & Company decreased their target price on ONEOK from $100.00 to $98.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Truist Financial raised their target price on ONEOK from $91.00 to $93.00 and gave the company a “hold” rating in a research report on Monday, May 4th. Finally, Freedom Capital raised ONEOK from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th. Eight investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price 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.