ONEOK, Inc. $OKE Shares Purchased by ABC Arbitrage SA

ABC Arbitrage SA boosted its holdings in shares of ONEOK, Inc. (NYSE:OKE) by 59.7% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 31,389 shares of the utilities provider’s stock after purchasing an additional 11,740 shares during the period. ABC Arbitrage SA’s holdings in ONEOK were worth $2,837,000 as of its most recent filing with the SEC.

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

ONEOK Stock Performance

Shares of OKE stock opened at $92.17 on Tuesday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.56 and a current ratio of 0.71. The stock has a market cap of $58.08 billion, a PE ratio of 16.43, a P/E/G ratio of 6.72 and a beta of 0.73. ONEOK, Inc. has a 1 year low of $64.02 and a 1 year high of $96.07. The stock has a fifty day moving average price of $88.72 and a 200 day moving average price of $84.84.

ONEOK (NYSE:OKE) last released its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $1.23 earnings per share (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 firm had revenue of $9.62 billion for the quarter, compared to analyst estimates of $8.23 billion. During the same period last year, the firm earned $1.04 EPS. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. Sell-side analysts forecast that ONEOK, Inc. will post 5.72 earnings per share for the current fiscal year.

ONEOK Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 4th were given a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date was Monday, May 4th. ONEOK’s dividend payout ratio (DPR) is currently 76.29%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Raymond James Financial reaffirmed an “outperform” rating and set a $92.00 price target on shares of ONEOK in a report on Thursday, April 30th. Barclays dropped their price objective on shares of ONEOK from $90.00 to $88.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 8th. JPMorgan Chase & Co. upped their price objective on shares of ONEOK from $91.00 to $92.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Royal Bank Of Canada lifted their target price on shares of ONEOK from $79.00 to $84.00 and gave the company a “sector perform” rating in a report on Thursday, March 19th. Finally, Morgan Stanley increased their price target on shares of ONEOK from $104.00 to $113.00 and gave the stock an “overweight” rating in a report on Tuesday, April 7th. Eight equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $91.75.

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.