Quantitative Investment Management LLC Makes New $1.53 Million Investment in ONEOK, Inc. $OKE

Quantitative Investment Management LLC bought a new stake in ONEOK, Inc. (NYSE:OKE) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 17,611 shares of the utilities provider’s stock, valued at approximately $1,531,000.

A number of other hedge funds have also recently modified their holdings of the stock. Zions Bancorporation National Association UT raised its stake 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 acquiring an additional 143 shares in the last quarter. Pin Oak Investment Advisors Inc. purchased a new position in shares of ONEOK during the second quarter worth about $28,000. Elyxium Wealth LLC purchased a new position in shares of ONEOK during the fourth quarter worth about $29,000. Cornerstone Financial Management LLC acquired a new stake in shares of ONEOK during the fourth quarter worth about $29,000. Finally, Transamerica Financial Advisors LLC increased its position in shares of ONEOK by 69.6% during the second quarter. Transamerica Financial Advisors LLC now owns 363 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 149 shares in the last quarter. 69.13% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

OKE has been the subject of a number of research analyst reports. Barclays decreased their target price on ONEOK from $90.00 to $88.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 8th. Citigroup boosted their price objective on ONEOK from $95.00 to $97.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Freedom Capital raised ONEOK from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 5th. Wall Street Zen upgraded shares of ONEOK from a “sell” rating to a “hold” rating in a research report on Sunday, August 9th. Finally, TD Cowen lifted their target price on shares of ONEOK from $85.00 to $90.00 and gave the company a “hold” rating in a report on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $92.25.

ONEOK Stock Up 1.4%

OKE opened at $96.11 on Tuesday. The business has a 50 day moving average price of $91.09 and a two-hundred day moving average price of $88.84. 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 $60.58 billion, a PE ratio of 16.57, a P/E/G ratio of 2.64 and a beta of 0.73. ONEOK, Inc. has a 52 week low of $64.02 and a 52 week high of $97.90.

ONEOK (NYSE:OKE) last announced its earnings results on Monday, August 3rd. The utilities provider reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.07. The company had revenue of $12.05 billion for the quarter, compared to the consensus estimate of $8.95 billion. ONEOK had a return on equity of 16.41% and a net margin of 9.29%.During the same period last year, the business posted $1.34 EPS. ONEOK has set its FY 2026 guidance at 5.680-5.680 EPS. As a group, research analysts anticipate that ONEOK, Inc. will post 5.84 EPS for the current year.

ONEOK Announces Dividend

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

More ONEOK News

Here are the key news stories impacting ONEOK this week:

• Positive Sentiment: ONEOK agreed to acquire Brazos Midstream’s natural-gas gathering and processing assets in the Midland Basin for approximately $4.425 billion. The deal is expected to more than double ONEOK’s Midland Basin processing capacity, expand its Permian footprint and provide immediate earnings and free-cash-flow-per-share accretion. ONEOK to Acquire Brazos Midstream’s Permian Midland Basin Assets
• Positive Sentiment: Funds managed by Apollo Global Management will make a $9 billion nonvoting minority equity investment. ONEOK plans to use $5 billion of the proceeds to retire debt, accelerating deleveraging to an estimated 3.25 times debt-to-EBITDA and preserving flexibility for organic investment, potential dividend increases and share repurchases. ONEOK’s $4.4 Billion Deal Comes With a $9 Billion Twist
• Positive Sentiment: Management said the acquisition supports the high end of its mid- to high-single-digit adjusted EBITDA growth target over the next five to seven years. The transaction is valued at roughly 7.5 times estimated 2027 EBITDA, including $80 million in annual synergies, and 6 times estimated 2028 EBITDA. ONEOK Bets $4.425 Billion on Brazos Assets
• Neutral Sentiment: Analysts and market commentary continue to highlight ONEOK’s strong cash-generation profile, dividend appeal and momentum. However, after a 133.5% five-year total return and a stock price near its 52-week high, opinions differ on whether the shares remain undervalued. ONEOK Stock Still Looks Like a Bargain on Cash Flow
• Negative Sentiment: The large acquisition and corporate reorganization introduce execution, integration and financing risks. Apollo’s minority investment may also reduce existing shareholders’ proportional economic interest, while the expanded asset base increases ONEOK’s exposure to Permian production volumes and operating performance.

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.