ONEOK, Inc. $OKE Shares Acquired by Penobscot Investment Management Company Inc.

Penobscot Investment Management Company Inc. increased its position in ONEOK, Inc. (NYSE:OKE) by 14.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 49,247 shares of the utilities provider’s stock after acquiring an additional 6,245 shares during the period. Penobscot Investment Management Company Inc.’s holdings in ONEOK were worth $3,620,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Emerald Advisors LLC lifted its holdings in shares of ONEOK by 7.3% in the fourth quarter. Emerald Advisors LLC now owns 7,481 shares of the utilities provider’s stock valued at $550,000 after buying an additional 511 shares during the period. SageGuard Financial Group LLC acquired a new position in ONEOK in the fourth quarter worth approximately $2,356,000. Evergreen Capital Management LLC grew its position in ONEOK by 1.8% in the fourth quarter. Evergreen Capital Management LLC now owns 218,117 shares of the utilities provider’s stock worth $16,032,000 after buying an additional 3,849 shares during the last quarter. TD Waterhouse Canada Inc. lifted its holdings in shares of ONEOK by 270.3% during the fourth quarter. TD Waterhouse Canada Inc. now owns 1,311 shares of the utilities provider’s stock valued at $96,000 after purchasing an additional 957 shares during the last quarter. Finally, BankPlus Trust Department lifted its holdings in shares of ONEOK by 1.9% during the fourth quarter. BankPlus Trust Department now owns 33,609 shares of the utilities provider’s stock valued at $2,470,000 after purchasing an additional 624 shares during the last quarter. Institutional investors and hedge funds own 69.13% of the company’s stock.

Analysts Set New Price Targets

OKE has been the subject of several analyst reports. Wells Fargo & Company raised ONEOK from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $81.00 to $100.00 in a report on Wednesday, March 25th. Morgan Stanley upped their target price on ONEOK from $104.00 to $113.00 and gave the company an “overweight” rating in a report on Tuesday, April 7th. Scotiabank reaffirmed an “outperform” rating on shares of ONEOK in a report on Monday, April 13th. JPMorgan Chase & Co. downgraded ONEOK from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $87.00 to $83.00 in a report on Tuesday, January 27th. Finally, Royal Bank Of Canada upped their target price on ONEOK from $79.00 to $84.00 and gave the company a “sector perform” rating in a report on Thursday, March 19th. Nine investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $89.69.

ONEOK Stock Up 1.2%

Shares of ONEOK stock opened at $84.81 on Wednesday. ONEOK, Inc. has a 1 year low of $64.02 and a 1 year high of $95.30. The company has a market cap of $53.43 billion, a P/E ratio of 15.65, a P/E/G ratio of 6.32 and a beta of 0.84. The company has a current ratio of 0.71, a quick ratio of 0.56 and a debt-to-equity ratio of 1.36. The stock has a 50-day moving average price of $86.72 and a 200 day moving average price of $77.54.

ONEOK (NYSE:OKE) last issued its earnings results on Monday, February 23rd. The utilities provider reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.50 by $0.05. The company had revenue of $9.07 billion for the quarter, compared to the consensus estimate of $8.77 billion. ONEOK had a return on equity of 15.29% and a net margin of 10.09%.During the same quarter in the prior year, the company earned $1.57 EPS. ONEOK has set its FY 2026 guidance at 5.040-5.870 EPS. As a group, analysts expect that ONEOK, Inc. will post 5.54 EPS for the current fiscal year.

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.