Dockside LLC Takes $1.19 Million Position in ONEOK, Inc. $OKE

Dockside LLC acquired a new stake in shares of ONEOK, Inc. (NYSE:OKE) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 16,208 shares of the utilities provider’s stock, valued at approximately $1,191,000.

A number of other institutional investors have also recently made changes to their positions in OKE. Capital International Investors purchased a new position in shares of ONEOK during the fourth quarter valued at about $586,500,000. Norges Bank purchased a new position in shares of ONEOK during the fourth quarter valued at about $564,867,000. First Eagle Investment Management LLC grew its position in shares of ONEOK by 46.3% during the fourth quarter. First Eagle Investment Management LLC now owns 11,365,304 shares of the utilities provider’s stock valued at $835,350,000 after purchasing an additional 3,596,089 shares in the last quarter. Danske Bank A S grew its position in shares of ONEOK by 3,538.4% during the fourth quarter. Danske Bank A S now owns 1,691,433 shares of the utilities provider’s stock valued at $124,320,000 after purchasing an additional 1,644,945 shares in the last quarter. Finally, Man Group plc grew its position in shares of ONEOK by 292.1% during the second quarter. Man Group plc now owns 1,558,993 shares of the utilities provider’s stock valued at $127,261,000 after purchasing an additional 1,161,352 shares in the last quarter. Hedge funds and other institutional investors own 69.13% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on OKE shares. Morgan Stanley raised their price objective on ONEOK from $104.00 to $113.00 and gave the company an “overweight” rating in a research report on Tuesday, April 7th. Wolfe Research downgraded shares of ONEOK from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, February 25th. Scotiabank downgraded shares of ONEOK from a “sector outperform” rating to a “sector perform” rating and decreased their price objective for the stock from $92.00 to $89.00 in a research note on Thursday, April 30th. Freedom Capital raised shares of ONEOK from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 5th. 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 analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, ONEOK has a consensus rating of “Hold” and a consensus target price of $91.88.

ONEOK Stock Down 0.2%

Shares of NYSE OKE opened at $90.40 on Monday. 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 cap of $56.95 billion, a P/E ratio of 16.11, a PEG ratio of 6.77 and a beta of 0.74. ONEOK, Inc. has a 1 year low of $64.02 and a 1 year high of $96.07. The firm has a 50-day simple moving average of $88.31 and a two-hundred day simple moving average of $82.66.

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

ONEOK Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 4th were given 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 4.7%. 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.