Cbre Investment Management Listed Real Assets LLC Decreases Stake in ONEOK, Inc. $OKE

Cbre Investment Management Listed Real Assets LLC lessened its holdings in shares of ONEOK, Inc. (NYSE:OKE) by 40.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 292,800 shares of the utilities provider’s stock after selling 198,129 shares during the period. Cbre Investment Management Listed Real Assets LLC’s holdings in ONEOK were worth $21,366,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. National Pension Service increased its stake in ONEOK by 2.9% in the 3rd quarter. National Pension Service now owns 857,949 shares of the utilities provider’s stock valued at $62,605,000 after purchasing an additional 24,003 shares in the last quarter. Hudson Edge Investment Partners Inc. grew its holdings in ONEOK by 34.1% in the third quarter. Hudson Edge Investment Partners Inc. now owns 87,667 shares of the utilities provider’s stock valued at $6,397,000 after purchasing an additional 22,282 shares during the last quarter. Nordea Investment Management AB increased its position in shares of ONEOK by 7.5% in the third quarter. Nordea Investment Management AB now owns 777,262 shares of the utilities provider’s stock valued at $55,885,000 after buying an additional 54,444 shares in the last quarter. Tectonic Advisors LLC increased its position in shares of ONEOK by 41.1% in the third quarter. Tectonic Advisors LLC now owns 188,842 shares of the utilities provider’s stock valued at $13,780,000 after buying an additional 55,024 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its stake in shares of ONEOK by 29.6% during the 3rd quarter. Jones Financial Companies Lllp now owns 534,285 shares of the utilities provider’s stock worth $39,401,000 after buying an additional 121,891 shares during the last quarter. Institutional investors and hedge funds own 69.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on OKE shares. UBS Group lowered their price objective on shares of ONEOK from $114.00 to $103.00 and set a “buy” rating on the stock in a research note on Thursday, January 22nd. Wells Fargo & Company cut their target price on shares of ONEOK from $82.00 to $79.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 25th. JPMorgan Chase & Co. downgraded shares of ONEOK from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $87.00 to $83.00 in a report on Tuesday, January 27th. Mizuho set a $89.00 price objective on shares of ONEOK in a research note on Monday, February 23rd. Finally, Scotiabank restated an “outperform” rating and set a $91.00 price objective on shares of ONEOK in a research report on Friday, January 16th. Seven analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $86.47.

ONEOK Trading Up 1.2%

Shares of OKE stock opened at $85.73 on Thursday. The company has a market capitalization of $53.99 billion, a price-to-earnings ratio of 15.82, a PEG ratio of 5.04 and a beta of 0.93. 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 firm has a 50-day moving average price of $80.14 and a 200 day moving average price of $74.62. ONEOK, Inc. has a twelve month low of $64.02 and a twelve month high of $103.64.

ONEOK (NYSE:OKE) last released its quarterly earnings results on Monday, February 23rd. The utilities provider reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.50 by $0.05. The company had revenue of $9.07 billion for the quarter, compared to analysts’ expectations of $8.77 billion. ONEOK had a net margin of 10.09% and a return on equity of 15.29%. During the same period last year, the company earned $1.57 EPS. ONEOK has set its FY 2026 guidance at 5.040-5.870 EPS. Research analysts forecast that ONEOK, Inc. will post 5.07 earnings per share for the current fiscal year.

ONEOK Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Monday, February 2nd were given a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a yield of 5.0%. This is an increase from ONEOK’s previous quarterly dividend of $1.03. The ex-dividend date was Monday, February 2nd. ONEOK’s dividend payout ratio (DPR) is 78.97%.

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.