OP Asset Management Ltd Makes New $5.67 Million Investment in ONEOK, Inc. $OKE

OP Asset Management Ltd purchased a new stake in ONEOK, Inc. (NYSE:OKE) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 62,681 shares of the utilities provider’s stock, valued at approximately $5,666,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Hoxton Planning & Management LLC boosted its position in shares of ONEOK by 2.3% in the 4th quarter. Hoxton Planning & Management LLC now owns 5,372 shares of the utilities provider’s stock worth $395,000 after buying an additional 120 shares in the last quarter. Disciplined Investments LLC increased its holdings in ONEOK by 0.6% during the 4th quarter. Disciplined Investments LLC now owns 21,577 shares of the utilities provider’s stock valued at $1,586,000 after acquiring an additional 125 shares in the last quarter. TCV Trust & Wealth Management Inc. raised its position in ONEOK by 4.2% during the fourth quarter. TCV Trust & Wealth Management Inc. now owns 3,290 shares of the utilities provider’s stock worth $242,000 after acquiring an additional 133 shares during the last quarter. Loomis Sayles & Co. L P raised its position in ONEOK by 14.8% during the fourth quarter. Loomis Sayles & Co. L P now owns 1,034 shares of the utilities provider’s stock worth $76,000 after acquiring an additional 133 shares during the last quarter. Finally, Empowered Funds LLC lifted its holdings in shares of ONEOK by 0.8% in the first quarter. Empowered Funds LLC now owns 17,957 shares of the utilities provider’s stock valued at $1,782,000 after purchasing an additional 137 shares in the last quarter. Institutional investors and hedge funds own 69.13% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Barclays increased their price target on shares of ONEOK from $82.00 to $90.00 and gave the company an “equal weight” rating in a research report on Thursday, April 30th. Wall Street Zen raised ONEOK from a “sell” rating to a “hold” rating in a research note on Tuesday, May 26th. Morgan Stanley increased 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. Wells Fargo & Company dropped their price target on ONEOK from $100.00 to $98.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Finally, Weiss Ratings raised ONEOK from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 18th. Eight investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, ONEOK has an average rating of “Hold” and a consensus target price of $91.88.

ONEOK Stock Down 0.4%

Shares of NYSE:OKE opened at $89.18 on Friday. The company has a current ratio of 0.71, a quick ratio of 0.56 and a debt-to-equity ratio of 1.37. The firm has a market cap of $56.20 billion, a price-to-earnings ratio of 15.90, a PEG ratio of 6.69 and a beta of 0.74. The stock’s 50-day moving average price is $88.32 and its two-hundred day moving average price is $83.55. ONEOK, Inc. has a 12-month low of $64.02 and a 12-month high of $96.07.

ONEOK (NYSE:OKE) last posted its quarterly earnings data 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 company had revenue of $9.62 billion for the quarter, compared to analyst estimates of $8.23 billion. During the same period in the prior year, the company earned $1.04 EPS. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. On average, research analysts forecast that ONEOK, Inc. will post 5.72 EPS for the current year.

ONEOK Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Monday, May 4th were paid 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 yield of 4.8%. ONEOK’s dividend payout ratio (DPR) is currently 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.