ONEOK, Inc. $OKE Stock Holdings Cut by Adams Natural Resources Fund Inc.

Adams Natural Resources Fund Inc. cut its position in shares of ONEOK, Inc. (NYSE:OKE) by 14.9% during the 1st quarter, Holdings Channel reports. The firm owned 141,800 shares of the utilities provider’s stock after selling 24,800 shares during the period. ONEOK comprises 1.5% of Adams Natural Resources Fund Inc.’s investment portfolio, making the stock its 20th largest position. Adams Natural Resources Fund Inc.’s holdings in ONEOK were worth $12,817,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Capital International Investors acquired a new stake in shares of ONEOK in the fourth quarter valued at $586,500,000. Norges Bank acquired a new position in ONEOK during the fourth quarter worth about $564,867,000. First Eagle Investment Management LLC raised its position in 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 worth $835,350,000 after acquiring an additional 3,596,089 shares in the last quarter. Danske Bank A S raised its position in 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 worth $124,320,000 after acquiring an additional 1,644,945 shares in the last quarter. Finally, Man Group plc lifted its holdings in ONEOK by 292.1% in the 2nd 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 own 69.13% of the company’s stock.

ONEOK Price Performance

Shares of OKE opened at $89.18 on Friday. The business’s 50-day moving average is $88.32 and its 200-day moving average is $83.55. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.71 and a quick ratio of 0.56. The company has a market capitalization of $56.20 billion, a price-to-earnings ratio of 15.90, a P/E/G ratio of 6.67 and a beta of 0.74. ONEOK, Inc. has a fifty-two week low of $64.02 and a fifty-two week high of $96.07.

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

ONEOK Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Monday, May 4th were paid 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 4.8%. ONEOK’s dividend payout ratio (DPR) is 76.29%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Weiss Ratings upgraded shares of ONEOK from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, May 18th. Scotiabank downgraded shares of ONEOK from a “sector outperform” rating to a “sector perform” rating and dropped their target price for the stock from $92.00 to $89.00 in a report on Thursday, April 30th. Truist Financial increased their target price on shares of ONEOK from $91.00 to $93.00 and gave the company a “hold” rating in a research note on Monday, May 4th. Morgan Stanley lifted their price target on shares of ONEOK from $104.00 to $113.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 7th. Finally, Wall Street Zen upgraded shares of ONEOK from a “sell” rating to a “hold” rating in a research report on Tuesday, May 26th. Eight equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus 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.