Epoch Investment Partners Inc. Buys Shares of 511,489 ONEOK, Inc. $OKE

Epoch Investment Partners Inc. bought a new stake in shares of ONEOK, Inc. (NYSE:OKE) in the fourth quarter, Holdings Channel reports. The fund bought 511,489 shares of the utilities provider’s stock, valued at approximately $37,594,000.

A number of other institutional investors and hedge funds have also made changes to their positions in OKE. Zions Bancorporation National Association UT grew its holdings in shares of ONEOK by 73.3% during the fourth quarter. Zions Bancorporation National Association UT now owns 338 shares of the utilities provider’s stock valued at $25,000 after buying an additional 143 shares during the last quarter. Elyxium Wealth LLC purchased a new stake in shares of ONEOK during the fourth quarter valued at approximately $29,000. SRH Advisors LLC grew its holdings in shares of ONEOK by 122.3% during the fourth quarter. SRH Advisors LLC now owns 438 shares of the utilities provider’s stock valued at $32,000 after buying an additional 241 shares during the last quarter. Accredited Wealth Management LLC grew its holdings in shares of ONEOK by 342.5% during the third quarter. Accredited Wealth Management LLC now owns 500 shares of the utilities provider’s stock valued at $36,000 after buying an additional 387 shares during the last quarter. Finally, J.Safra Asset Management Corp purchased a new stake in shares of ONEOK during the fourth quarter valued at approximately $37,000. Institutional investors own 69.13% of the company’s stock.

ONEOK Trading Down 0.2%

Shares of OKE stock opened at $90.40 on Monday. ONEOK, Inc. has a 12-month low of $64.02 and a 12-month high of $96.07. The company has a current ratio of 0.71, a quick ratio of 0.56 and a debt-to-equity ratio of 1.37. The firm’s 50 day moving average is $88.31 and its 200 day moving average is $82.66. The stock has a market capitalization of $56.95 billion, a P/E ratio of 16.11, a P/E/G ratio of 6.77 and a beta of 0.74.

ONEOK (NYSE:OKE) last issued its earnings results on Tuesday, April 28th. The utilities provider reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.30 by ($0.07). ONEOK had a return on equity of 16.06% and a net margin of 10.03%.The company had revenue of $9.62 billion during the quarter, compared to analysts’ expectations of $8.23 billion. During the same quarter in the prior year, the business posted $1.04 EPS. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. Research analysts expect that ONEOK, Inc. will post 5.72 earnings per share for the current year.

ONEOK Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 4th were issued a $1.07 dividend. The ex-dividend date was Monday, May 4th. This represents a $4.28 annualized dividend and a yield of 4.7%. ONEOK’s dividend payout ratio (DPR) is currently 76.29%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Scotiabank cut shares of ONEOK from a “sector outperform” rating to a “sector perform” rating and cut their price target for the company from $92.00 to $89.00 in a report on Thursday, April 30th. Weiss Ratings upgraded shares of ONEOK from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 18th. TD Cowen increased their price target on shares of ONEOK from $80.00 to $85.00 and gave the company a “hold” rating in a report on Thursday, April 30th. Wolfe Research cut shares of ONEOK from an “outperform” rating to a “peer perform” rating in a report on Wednesday, February 25th. Finally, Mizuho set a $89.00 price target on shares of ONEOK in a report on Monday, February 23rd. Eight equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $91.88.

ONEOK Company 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.