Intech Investment Management LLC Decreases Stake in ONEOK, Inc. $OKE

Intech Investment Management LLC reduced its holdings in ONEOK, Inc. (NYSE:OKE) by 27.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 452,920 shares of the utilities provider’s stock after selling 173,822 shares during the period. Intech Investment Management LLC owned approximately 0.07% of ONEOK worth $33,290,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Foundations Investment Advisors LLC lifted its stake in shares of ONEOK by 53.0% in the fourth quarter. Foundations Investment Advisors LLC now owns 23,570 shares of the utilities provider’s stock worth $1,732,000 after buying an additional 8,162 shares in the last quarter. Huntington National Bank lifted its stake in shares of ONEOK by 6.0% in the fourth quarter. Huntington National Bank now owns 17,762 shares of the utilities provider’s stock worth $1,306,000 after buying an additional 999 shares in the last quarter. Kingsview Wealth Management LLC lifted its stake in shares of ONEOK by 2.1% in the fourth quarter. Kingsview Wealth Management LLC now owns 37,489 shares of the utilities provider’s stock worth $2,755,000 after buying an additional 767 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of ONEOK by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 16,596,172 shares of the utilities provider’s stock worth $1,215,107,000 after buying an additional 518,746 shares in the last quarter. Finally, Coordinated Financial Services Inc. purchased a new position in shares of ONEOK in the fourth quarter worth about $237,000. 69.13% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on OKE. Freedom Capital upgraded shares of ONEOK from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th. Citigroup increased their price target on shares of ONEOK from $95.00 to $97.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Jefferies Financial Group upped their price objective on ONEOK from $98.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, April 8th. Barclays upped their price objective on ONEOK from $82.00 to $90.00 and gave the company an “equal weight” rating in a report on Thursday, April 30th. Finally, JPMorgan Chase & Co. upped their price objective on ONEOK from $91.00 to $92.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Eight research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $91.88.

ONEOK Price Performance

Shares of OKE opened at $87.11 on Friday. ONEOK, Inc. has a 1-year low of $64.02 and a 1-year high of $96.07. The stock has a market cap of $54.88 billion, a PE ratio of 15.53, a P/E/G ratio of 6.41 and a beta of 0.78. The firm has a 50-day simple moving average of $88.89 and a two-hundred day simple moving average of $81.24. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.71 and a quick ratio of 0.56.

ONEOK (NYSE:OKE) last announced its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $1.23 earnings per share for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.07). ONEOK had a net margin of 10.03% and a return on equity of 16.06%. The company had revenue of $9.62 billion for the quarter, compared to analyst estimates of $8.23 billion. During the same quarter in the prior year, the business earned $1.04 earnings per share. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. As a group, analysts forecast that ONEOK, Inc. will post 5.76 EPS for the current year.

ONEOK Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Monday, May 4th were given a dividend of $1.07 per share. The ex-dividend date was Monday, May 4th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 4.9%. ONEOK’s dividend payout ratio (DPR) is currently 76.29%.

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.