Bollard Group LLC Has $65.91 Million Stock Holdings in ONEOK, Inc. $OKE

Bollard Group LLC raised its holdings in ONEOK, Inc. (NYSE:OKE) by 5.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 903,304 shares of the utilities provider’s stock after buying an additional 50,678 shares during the period. ONEOK accounts for about 1.5% of Bollard Group LLC’s portfolio, making the stock its 10th largest holding. Bollard Group LLC’s holdings in ONEOK were worth $65,914,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. National Pension Service grew its stake in ONEOK by 2.9% in the third quarter. National Pension Service now owns 857,949 shares of the utilities provider’s stock valued at $62,605,000 after purchasing an additional 24,003 shares in the last quarter. Hudson Edge Investment Partners Inc. raised its stake in shares of ONEOK by 34.1% during the 3rd quarter. Hudson Edge Investment Partners Inc. now owns 87,667 shares of the utilities provider’s stock worth $6,397,000 after purchasing an additional 22,282 shares in the last quarter. Nordea Investment Management AB raised its stake in shares of ONEOK by 7.5% during the 3rd quarter. Nordea Investment Management AB now owns 777,262 shares of the utilities provider’s stock worth $55,885,000 after purchasing an additional 54,444 shares in the last quarter. Tectonic Advisors LLC boosted its holdings in shares of ONEOK by 41.1% in the 3rd quarter. Tectonic Advisors LLC now owns 188,842 shares of the utilities provider’s stock valued at $13,780,000 after buying an additional 55,024 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its stake in shares of ONEOK by 29.6% in the third quarter. Jones Financial Companies Lllp now owns 534,285 shares of the utilities provider’s stock valued at $39,401,000 after buying an additional 121,891 shares in the last quarter. 69.13% of the stock is owned by institutional investors.

ONEOK Stock Performance

NYSE OKE opened at $85.44 on Friday. The firm has a 50-day moving average of $80.59 and a 200-day moving average of $74.77. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.56 and a current ratio of 0.71. The stock has a market cap of $53.81 billion, a PE ratio of 15.76, a P/E/G ratio of 6.50 and a beta of 0.93. ONEOK, Inc. has a 52-week low of $64.02 and a 52-week high of $103.64.

ONEOK (NYSE:OKE) last announced its quarterly earnings results on Monday, February 23rd. The utilities provider reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.50 by $0.05. The business had revenue of $9.07 billion for the quarter, compared to analyst estimates of $8.77 billion. ONEOK had a net margin of 10.09% and a return on equity of 15.29%. During the same quarter in the prior year, the business earned $1.57 EPS. 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 company also recently announced a quarterly dividend, which was paid on Friday, February 13th. Stockholders 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 dividend yield of 5.0%. This is an increase from ONEOK’s previous quarterly dividend of $1.03. The ex-dividend date was Monday, February 2nd. ONEOK’s dividend payout ratio is 78.97%.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of ONEOK in a research note on Monday, December 29th. Barclays upped their target price on shares of ONEOK from $76.00 to $82.00 and gave the company an “equal weight” rating in a report on Thursday, March 5th. Jefferies Financial Group assumed coverage on ONEOK in a report on Tuesday, January 20th. They set a “hold” rating and a $80.00 price target for the company. UBS Group lowered their price target on ONEOK from $114.00 to $103.00 and set a “buy” rating on the stock in a research report on Thursday, January 22nd. Finally, Wells Fargo & Company raised their price objective on ONEOK from $79.00 to $81.00 and gave the company an “equal weight” rating in a research report on Friday. Seven research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $86.60.

About ONEOK

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.