8,514 Shares in ONEOK, Inc. $OKE Bought by Fideuram Asset Management Ireland dac

Fideuram Asset Management Ireland dac bought a new position in ONEOK, Inc. (NYSE:OKE) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 8,514 shares of the utilities provider’s stock, valued at approximately $626,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC raised its stake in ONEOK by 137.1% during the fourth quarter. Brighton Jones LLC now owns 15,278 shares of the utilities provider’s stock worth $1,534,000 after acquiring an additional 8,834 shares in the last quarter. Empowered Funds LLC raised its stake in ONEOK by 0.8% during the first quarter. Empowered Funds LLC now owns 17,957 shares of the utilities provider’s stock worth $1,782,000 after acquiring an additional 137 shares in the last quarter. Acadian Asset Management LLC acquired a new position in ONEOK during the first quarter worth $216,000. Federated Hermes Inc. raised its stake in ONEOK by 14.0% during the second quarter. Federated Hermes Inc. now owns 3,120 shares of the utilities provider’s stock worth $255,000 after acquiring an additional 383 shares in the last quarter. Finally, NewEdge Advisors LLC raised its stake in ONEOK by 3.9% during the second quarter. NewEdge Advisors LLC now owns 130,347 shares of the utilities provider’s stock worth $10,640,000 after acquiring an additional 4,902 shares in the last quarter. 69.13% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on OKE shares. JPMorgan Chase & Co. increased their price objective on ONEOK from $91.00 to $92.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Royal Bank Of Canada increased their price objective on ONEOK from $79.00 to $84.00 and gave the stock a “sector perform” rating in a research note on Thursday, March 19th. Jefferies Financial Group increased their price objective on ONEOK from $98.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, April 8th. Freedom Capital upgraded ONEOK from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 5th. Finally, Wolfe Research lowered ONEOK from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, February 25th. Eight equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $91.88.

ONEOK Stock Performance

Shares of NYSE:OKE opened at $84.05 on Friday. ONEOK, Inc. has a twelve month low of $64.02 and a twelve month high of $96.07. The firm has a market cap of $52.95 billion, a PE ratio of 14.98, a price-to-earnings-growth ratio of 6.23 and a beta of 0.78. 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 fifty day moving average of $88.85 and a 200-day moving average of $81.26.

ONEOK (NYSE:OKE) last announced 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 business had revenue of $9.62 billion during the quarter, compared to analyst estimates of $8.23 billion. During the same quarter last year, the business posted $1.04 earnings per share. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. On average, equities research analysts predict that ONEOK, Inc. will post 5.76 EPS for the current fiscal year.

ONEOK Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 4th were paid a $1.07 dividend. The ex-dividend date was Monday, May 4th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 5.1%. ONEOK’s dividend payout ratio (DPR) is 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.