ABN Amro Investment Solutions Has $8.20 Million Stock Position in ONEOK, Inc. $OKE

ABN Amro Investment Solutions increased its holdings in ONEOK, Inc. (NYSE:OKE) by 10.8% in the 1st quarter, Holdings Channel reports. The fund owned 90,666 shares of the utilities provider’s stock after purchasing an additional 8,844 shares during the period. ABN Amro Investment Solutions’ holdings in ONEOK were worth $8,195,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Clearstead Trust LLC lifted its position in shares of ONEOK by 4.7% in the first quarter. Clearstead Trust LLC now owns 2,632 shares of the utilities provider’s stock worth $238,000 after purchasing an additional 117 shares in the last quarter. Hoxton Planning & Management LLC increased its stake in ONEOK by 2.3% in the 4th quarter. Hoxton Planning & Management LLC now owns 5,372 shares of the utilities provider’s stock valued at $395,000 after buying an additional 120 shares during the period. Welch Group LLC lifted its position in ONEOK by 0.8% in the 1st quarter. Welch Group LLC now owns 14,859 shares of the utilities provider’s stock worth $1,343,000 after buying an additional 122 shares in the last quarter. Disciplined Investments LLC lifted its position in ONEOK by 0.6% in the 4th quarter. Disciplined Investments LLC now owns 21,577 shares of the utilities provider’s stock worth $1,586,000 after buying an additional 125 shares in the last quarter. Finally, Meeder Asset Management Inc. boosted its stake in shares of ONEOK by 46.0% during the 1st quarter. Meeder Asset Management Inc. now owns 400 shares of the utilities provider’s stock valued at $36,000 after buying an additional 126 shares during the period. Institutional investors and hedge funds own 69.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Royal Bank Of Canada boosted their price target on shares of ONEOK from $84.00 to $90.00 and gave the company a “sector perform” rating in a report on Tuesday. Wells Fargo & Company dropped their target price on ONEOK from $100.00 to $98.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Jefferies Financial Group lifted their price target on ONEOK from $98.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, April 8th. Citigroup boosted their price target on ONEOK from $95.00 to $97.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Finally, JPMorgan Chase & Co. increased their price objective on ONEOK from $91.00 to $92.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Eight analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $92.44.

ONEOK Stock Up 0.0%

OKE opened at $91.84 on Thursday. The firm has a market cap of $57.87 billion, a P/E ratio of 16.37, a price-to-earnings-growth ratio of 4.94 and a beta of 0.73. 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 business has a 50 day moving average price of $89.42 and a 200 day moving average price of $85.78. ONEOK, Inc. has a twelve month low of $64.02 and a twelve month high of $96.07.

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 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 in the prior year, the firm earned $1.04 EPS. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. Research analysts forecast that ONEOK, Inc. will post 5.68 EPS for the current year.

ONEOK Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Monday, August 3rd will be issued a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend is Monday, August 3rd. ONEOK’s dividend payout ratio (DPR) is presently 76.29%.

About ONEOK

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.