Duff & Phelps Investment Management Co. Increases Stock Holdings in ONEOK, Inc. $OKE

Duff & Phelps Investment Management Co. increased its holdings in ONEOK, Inc. (NYSE:OKE) by 3.1% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 791,311 shares of the utilities provider’s stock after buying an additional 23,588 shares during the period. Duff & Phelps Investment Management Co.’s holdings in ONEOK were worth $57,742,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in OKE. Brighton Jones LLC grew its position in shares of ONEOK by 137.1% in the fourth quarter. Brighton Jones LLC now owns 15,278 shares of the utilities provider’s stock valued at $1,534,000 after purchasing an additional 8,834 shares during the last quarter. Empowered Funds LLC grew its holdings in ONEOK by 0.8% during the 1st quarter. Empowered Funds LLC now owns 17,957 shares of the utilities provider’s stock valued at $1,782,000 after buying an additional 137 shares during the last quarter. Acadian Asset Management LLC purchased a new position in ONEOK during the first quarter worth $216,000. Midwest Trust Co acquired a new position in shares of ONEOK in the second quarter worth $911,000. Finally, ProShare Advisors LLC lifted its position in shares of ONEOK by 16.7% in the second quarter. ProShare Advisors LLC now owns 198,019 shares of the utilities provider’s stock valued at $16,164,000 after acquiring an additional 28,321 shares in the last quarter. Institutional investors and hedge funds own 69.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on OKE shares. JPMorgan Chase & Co. cut ONEOK from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $87.00 to $83.00 in a research report on Tuesday, January 27th. Morgan Stanley reaffirmed an “overweight” rating and set a $104.00 price target on shares of ONEOK in a research note on Wednesday, January 28th. Jefferies Financial Group began coverage on shares of ONEOK in a research report on Tuesday, January 20th. They issued a “hold” rating and a $80.00 price objective for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of ONEOK in a research note on Monday, December 29th. Finally, UBS Group cut their price target on ONEOK from $114.00 to $103.00 and set a “buy” rating for the company in a report on Thursday, January 22nd. Seven analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $86.47.

ONEOK Stock Performance

NYSE:OKE opened at $85.73 on Thursday. The company has a market cap of $53.99 billion, a P/E ratio of 15.82, a P/E/G ratio of 5.04 and a beta of 0.93. The firm’s 50 day moving average is $80.14 and its two-hundred day moving average is $74.62. ONEOK, Inc. has a fifty-two week low of $64.02 and a fifty-two week high of $103.64. 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 announced its quarterly earnings data on Monday, February 23rd. The utilities provider reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.50 by $0.05. The company had revenue of $9.07 billion during 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 in the previous year, the company earned $1.57 EPS. ONEOK has set its FY 2026 guidance at 5.040-5.870 EPS. Analysts expect that ONEOK, Inc. will post 5.07 EPS for the current year.

ONEOK Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Monday, February 2nd were paid a $1.07 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This represents a $4.28 annualized dividend and a dividend yield of 5.0%. This is an increase from ONEOK’s previous quarterly dividend of $1.03. ONEOK’s dividend payout ratio is presently 78.97%.

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.