Fort Washington Investment Advisors Inc. OH Purchases 17,119 Shares of ONEOK, Inc. $OKE

Fort Washington Investment Advisors Inc. OH boosted its position in shares of ONEOK, Inc. (NYSE:OKE) by 40.7% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 59,219 shares of the utilities provider’s stock after buying an additional 17,119 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in ONEOK were worth $5,353,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Realta Investment Advisors bought a new stake in ONEOK in the 1st quarter worth $1,131,000. Lewis Asset Management LLC bought a new position in shares of ONEOK during the first quarter valued at about $926,000. Fruth Investment Management boosted its holdings in shares of ONEOK by 0.7% during the first quarter. Fruth Investment Management now owns 20,015 shares of the utilities provider’s stock worth $1,809,000 after purchasing an additional 133 shares during the period. River Street Advisors LLC purchased a new stake in shares of ONEOK during the first quarter worth about $480,000. Finally, Venturi Wealth Management LLC grew its stake in shares of ONEOK by 2.7% in the first quarter. Venturi Wealth Management LLC now owns 5,084 shares of the utilities provider’s stock worth $459,000 after purchasing an additional 136 shares during the last quarter. Hedge funds and other institutional investors own 69.13% of the company’s stock.

ONEOK Stock Down 0.5%

Shares of NYSE:OKE opened at $88.80 on Tuesday. ONEOK, Inc. has a 52-week low of $64.02 and a 52-week high of $96.07. The firm has a market capitalization of $55.96 billion, a P/E ratio of 15.83, a P/E/G ratio of 6.67 and a beta of 0.74. The stock has a 50 day moving average price of $88.39 and a 200-day moving average price of $83.70. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.56 and a current ratio of 0.71.

ONEOK (NYSE:OKE) last released 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). ONEOK had a net margin of 10.03% and a return on equity of 16.06%. The firm had revenue of $9.62 billion during the quarter, compared to analysts’ expectations of $8.23 billion. During the same quarter in the previous year, the business earned $1.04 EPS. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. As a group, equities research analysts anticipate that ONEOK, Inc. will post 5.72 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 issued a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date was Monday, May 4th. ONEOK’s payout ratio is 76.29%.

Analyst Ratings Changes

A number of brokerages recently issued reports on OKE. Royal Bank Of Canada boosted their price target on ONEOK from $79.00 to $84.00 and gave the company a “sector perform” rating in a report on Thursday, March 19th. Scotiabank cut ONEOK from a “sector outperform” rating to a “sector perform” rating and dropped their price objective for the stock from $92.00 to $89.00 in a report on Thursday, April 30th. Wells Fargo & Company cut their price objective on ONEOK from $100.00 to $98.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Weiss Ratings raised ONEOK from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 18th. Finally, Freedom Capital upgraded ONEOK from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 5th. Eight investment 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 an average rating of “Hold” and an average target price of $91.88.

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.