Pacer Advisors Inc. Boosts Holdings in ONEOK, Inc. $OKE

Pacer Advisors Inc. grew its stake in shares of ONEOK, Inc. (NYSE:OKE) by 18.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 129,728 shares of the utilities provider’s stock after acquiring an additional 20,302 shares during the quarter. Pacer Advisors Inc.’s holdings in ONEOK were worth $9,535,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Floyd Financial Group LLC boosted its holdings in shares of ONEOK by 3.2% in the 4th quarter. Floyd Financial Group LLC now owns 11,851 shares of the utilities provider’s stock valued at $871,000 after purchasing an additional 373 shares during the last quarter. MV Capital Management Inc. acquired a new stake in shares of ONEOK during the 4th quarter worth $142,000. Sunbelt Securities Inc. increased its holdings in shares of ONEOK by 4.5% during the 4th quarter. Sunbelt Securities Inc. now owns 14,354 shares of the utilities provider’s stock worth $1,055,000 after buying an additional 617 shares during the last quarter. Mcguire Capital Advisors Inc. purchased a new position in shares of ONEOK in the 4th quarter worth $2,797,000. Finally, Claris Financial LLC purchased a new position in shares of ONEOK in the 4th quarter worth $248,000. 69.13% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on OKE. Mizuho set a $89.00 price target on ONEOK in a research report on Monday, February 23rd. Weiss Ratings upgraded ONEOK from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 18th. Citigroup lifted their price objective on ONEOK from $95.00 to $97.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Royal Bank Of Canada boosted their target price on ONEOK from $79.00 to $84.00 and gave the stock a “sector perform” rating in a report on Thursday, March 19th. Finally, Raymond James Financial restated an “outperform” rating and issued a $92.00 price target on shares of ONEOK in a report on Thursday, April 30th. Eight investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $91.88.

ONEOK Stock Up 0.0%

Shares of NYSE OKE opened at $85.06 on Monday. 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, Inc. has a 1 year low of $64.02 and a 1 year high of $96.07. The stock’s 50-day simple moving average is $88.05 and its 200-day simple moving average is $83.15. The firm has a market cap of $53.59 billion, a price-to-earnings ratio of 15.16, a PEG ratio of 6.36 and a beta of 0.74.

ONEOK (NYSE:OKE) last issued its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $1.23 EPS for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.07). ONEOK had a net margin of 10.03% and a return on equity of 16.06%. The business had revenue of $9.62 billion during the quarter, compared to analysts’ expectations of $8.23 billion. During the same period in the prior year, the company posted $1.04 EPS. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. As a group, equities analysts anticipate that ONEOK, Inc. will post 5.72 earnings per share for the current fiscal year.

ONEOK Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 4th were given a dividend of $1.07 per share. The ex-dividend date of this dividend was Monday, May 4th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 5.0%. ONEOK’s dividend payout ratio (DPR) is presently 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.