Kayne Anderson Capital Advisors LP Takes $335.96 Million Position in ONEOK, Inc. $OKE

Kayne Anderson Capital Advisors LP purchased a new stake in ONEOK, Inc. (NYSE:OKE) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 3,864,249 shares of the utilities provider’s stock, valued at approximately $335,958,000. ONEOK comprises about 6.6% of Kayne Anderson Capital Advisors LP’s investment portfolio, making the stock its 5th biggest position. Kayne Anderson Capital Advisors LP owned about 0.61% of ONEOK at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Zions Bancorporation National Association UT grew its position in ONEOK by 73.3% during the 4th quarter. Zions Bancorporation National Association UT now owns 338 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 143 shares during the last quarter. Elyxium Wealth LLC purchased a new stake in shares of ONEOK in the fourth quarter valued at about $29,000. Cornerstone Financial Management LLC acquired a new stake in shares of ONEOK during the fourth quarter worth about $29,000. Portus Wealth Advisors LLC acquired a new stake in shares of ONEOK during the first quarter worth about $33,000. Finally, Wilkerson Advisory Group LLC grew its holdings in shares of ONEOK by 51.4% during the first quarter. Wilkerson Advisory Group LLC now owns 392 shares of the utilities provider’s stock worth $35,000 after buying an additional 133 shares during the last quarter. Institutional investors and hedge funds own 69.13% of the company’s stock.

ONEOK Price Performance

Shares of NYSE:OKE opened at $94.69 on Friday. The company has a quick ratio of 0.59, a current ratio of 0.74 and a debt-to-equity ratio of 1.34. The company has a market cap of $59.69 billion, a P/E ratio of 16.33, a PEG ratio of 2.69 and a beta of 0.73. ONEOK, Inc. has a 52 week low of $64.02 and a 52 week high of $97.90. The company has a 50-day moving average price of $90.03 and a 200 day moving average price of $88.16.

ONEOK (NYSE:OKE) last announced its quarterly earnings data on Monday, August 3rd. The utilities provider reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.07. The company had revenue of $12.05 billion for the quarter, compared to analyst estimates of $8.95 billion. ONEOK had a return on equity of 16.41% and a net margin of 9.29%.During the same quarter in the previous year, the company earned $1.34 EPS. ONEOK has set its FY 2026 guidance at 5.680-5.680 EPS. Research analysts predict that ONEOK, Inc. will post 5.82 earnings per share for the current year.

ONEOK Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Monday, August 3rd were paid a $1.07 dividend. The ex-dividend date was Monday, August 3rd. This represents a $4.28 dividend on an annualized basis and a dividend yield of 4.5%. ONEOK’s payout ratio is 73.79%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on OKE shares. Barclays dropped their price target on ONEOK from $90.00 to $88.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 8th. Wells Fargo & Company lowered their target price on ONEOK from $100.00 to $98.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Weiss Ratings reissued a “buy (b-)” rating on shares of ONEOK in a report on Thursday, August 13th. JPMorgan Chase & Co. upped their price target on ONEOK from $91.00 to $92.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Finally, Scotiabank downgraded ONEOK from a “sector outperform” rating to a “sector perform” rating and decreased their price target for the stock from $92.00 to $89.00 in a report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, ONEOK has a consensus rating of “Moderate Buy” and an average price target of $91.94.

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.