Longfellow Investment Management Co. LLC Purchases New Shares in ONEOK, Inc. $OKE

Longfellow Investment Management Co. LLC purchased a new position in shares of ONEOK, Inc. (NYSE:OKE) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 9,157 shares of the utilities provider’s stock, valued at approximately $668,000.

A number of other institutional investors have also recently added to or reduced their stakes in OKE. Empowered Funds LLC increased its position in shares of ONEOK by 0.8% during the first quarter. Empowered Funds LLC now owns 17,957 shares of the utilities provider’s stock worth $1,782,000 after acquiring an additional 137 shares during the last quarter. Focused Wealth Management Inc increased its holdings in ONEOK by 4.3% during the 3rd quarter. Focused Wealth Management Inc now owns 3,441 shares of the utilities provider’s stock worth $251,000 after purchasing an additional 142 shares during the last quarter. Fidelis Capital Partners LLC increased its holdings in ONEOK by 4.2% during the 2nd quarter. Fidelis Capital Partners LLC now owns 3,589 shares of the utilities provider’s stock worth $270,000 after purchasing an additional 144 shares during the last quarter. Silver Lake Advisory LLC boosted its stake in shares of ONEOK by 1.4% during the 3rd quarter. Silver Lake Advisory LLC now owns 10,788 shares of the utilities provider’s stock valued at $787,000 after buying an additional 147 shares during the last quarter. Finally, Alternative Investment Advisors LLC. boosted its stake in shares of ONEOK by 1.2% during the 2nd quarter. Alternative Investment Advisors LLC. now owns 12,479 shares of the utilities provider’s stock valued at $1,019,000 after buying an additional 148 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 $85.65 on Friday. The company has a market cap of $53.94 billion, a PE ratio of 15.80, a P/E/G ratio of 4.99 and a beta of 0.93. ONEOK, Inc. has a fifty-two week low of $64.02 and a fifty-two week high of $103.64. The firm has a 50-day simple moving average of $79.15 and a 200 day simple moving average of $74.28. The company has a quick ratio of 0.56, a current ratio of 0.71 and a debt-to-equity ratio of 1.36.

ONEOK (NYSE:OKE) last issued its earnings results on Monday, February 23rd. The utilities provider reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.50 by $0.05. The firm 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 quarter last year, the company posted $1.57 earnings per share. ONEOK has set its FY 2026 guidance at 5.040-5.870 EPS. On average, sell-side analysts anticipate that ONEOK, Inc. will post 5.07 EPS for the current year.

ONEOK Increases Dividend

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

Analyst Ratings Changes

A number of brokerages recently issued reports on OKE. Weiss Ratings restated a “hold (c)” rating on shares of ONEOK in a research note on Monday, December 29th. Barclays set a $82.00 target price on shares of ONEOK in a research report on Thursday. Jefferies Financial Group began coverage on shares of ONEOK in a research note on Tuesday, January 20th. They issued a “hold” rating and a $80.00 target price on the stock. Mizuho set a $89.00 price target on ONEOK in a research note on Monday, February 23rd. Finally, Argus raised ONEOK from a “hold” rating to a “buy” rating and set a $79.00 price objective for the company in a report on Thursday, November 6th. Seven equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $86.47.

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.