Candriam S.C.A. Has $6.41 Million Position in ONEOK, Inc. $OKE

Candriam S.C.A. lifted its stake in shares of ONEOK, Inc. (NYSE:OKE) by 13.9% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 70,947 shares of the utilities provider’s stock after buying an additional 8,654 shares during the quarter. Candriam S.C.A.’s holdings in ONEOK were worth $6,413,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of OKE. Zions Bancorporation National Association UT raised its position in shares of ONEOK by 73.3% in the fourth quarter. Zions Bancorporation National Association UT now owns 338 shares of the utilities provider’s stock valued at $25,000 after buying an additional 143 shares in the last quarter. Elyxium Wealth LLC acquired a new stake in ONEOK during the fourth quarter worth approximately $29,000. Cornerstone Financial Management LLC acquired a new stake in ONEOK during the fourth quarter worth approximately $29,000. SRH Advisors LLC increased its stake in ONEOK by 122.3% during the 4th quarter. SRH Advisors LLC now owns 438 shares of the utilities provider’s stock worth $32,000 after acquiring an additional 241 shares during the period. Finally, Portus Wealth Advisors LLC bought a new position in ONEOK during the 1st quarter worth $33,000. Institutional investors and hedge funds own 69.13% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on OKE shares. TD Cowen upped their price objective on shares of ONEOK from $80.00 to $85.00 and gave the stock a “hold” rating in a research report on Thursday, April 30th. Citigroup boosted their target price on shares of ONEOK from $95.00 to $97.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Jefferies Financial Group upped their price target on shares of ONEOK from $98.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, April 8th. Truist Financial increased their price target on shares of ONEOK from $91.00 to $93.00 and gave the stock a “hold” rating in a research report on Monday, May 4th. Finally, Raymond James Financial reissued an “outperform” rating and issued a $92.00 price objective on shares of ONEOK in a research note on Thursday, April 30th. Eight investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, ONEOK currently has an average rating of “Hold” and a consensus target price of $91.75.

ONEOK Trading Up 2.5%

OKE opened at $92.17 on Tuesday. 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, Inc. has a fifty-two week low of $64.02 and a fifty-two week high of $96.07. The company’s 50 day moving average price is $88.72 and its two-hundred day moving average price is $84.84. The firm has a market capitalization of $58.08 billion, a price-to-earnings ratio of 16.43, a PEG ratio of 6.72 and a beta of 0.73.

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). ONEOK had a net margin of 10.03% and a return on equity of 16.06%. The firm had revenue of $9.62 billion for the quarter, compared to analyst estimates 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, research analysts predict that ONEOK, Inc. will post 5.72 earnings per share for the current year.

ONEOK Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 4th were issued a dividend of $1.07 per share. The ex-dividend date was Monday, May 4th. This represents a $4.28 annualized dividend and a dividend yield of 4.6%. ONEOK’s payout ratio is currently 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.