Two Sigma Securities LLC Has $4.08 Million Stock Holdings in ONEOK, Inc. $OKE

Two Sigma Securities LLC raised its position in ONEOK, Inc. (NYSE:OKE) by 113.5% during the second quarter, Holdings Channel reports. The institutional investor owned 46,870 shares of the utilities provider’s stock after buying an additional 24,918 shares during the quarter. Two Sigma Securities LLC’s holdings in ONEOK were worth $4,075,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Capital International Investors acquired a new position in shares of ONEOK during the fourth quarter valued at $586,500,000. Norges Bank bought a new position in ONEOK in the fourth quarter valued at about $564,867,000. BlackRock Inc. increased its position in ONEOK by 8.7% in the second quarter. BlackRock Inc. now owns 64,537,467 shares of the utilities provider’s stock worth $5,610,887,000 after purchasing an additional 5,148,768 shares during the period. Legal & General Group Plc acquired a new stake in ONEOK in the second quarter worth about $389,985,000. Finally, Kayne Anderson Capital Advisors LP bought a new stake in ONEOK during the 2nd quarter worth about $335,958,000. 69.13% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

OKE has been the topic of a number of research reports. Wall Street Zen upgraded shares of ONEOK from a “sell” rating to a “hold” rating in a research report on Sunday, August 9th. Morgan Stanley boosted their price target on shares of ONEOK from $103.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 18th. TD Cowen increased their price objective on shares of ONEOK from $85.00 to $90.00 and gave the company a “hold” rating in a report on Thursday, July 16th. Truist Financial raised their price objective on shares of ONEOK from $91.00 to $93.00 and gave the company a “hold” rating in a research note on Monday, May 4th. Finally, Barclays lowered their target price on shares of ONEOK from $90.00 to $88.00 and set an “equal weight” rating for the company in a report on Wednesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $91.94.

ONEOK Trading Up 0.1%

OKE opened at $94.88 on Monday. The firm’s fifty day moving average is $90.89 and its two-hundred day moving average is $88.75. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.59 and a current ratio of 0.74. The firm has a market cap of $59.81 billion, a PE ratio of 16.36, a price-to-earnings-growth ratio of 2.64 and a beta of 0.73. ONEOK, Inc. has a twelve month low of $64.02 and a twelve month high of $97.90.

ONEOK (NYSE:OKE) last announced its quarterly earnings results on Monday, August 3rd. The utilities provider reported $1.53 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.07. ONEOK had a net margin of 9.29% and a return on equity of 16.41%. The company had revenue of $12.05 billion for the quarter, compared to analysts’ expectations of $8.95 billion. During the same period last year, the firm posted $1.34 earnings per share. ONEOK has set its FY 2026 guidance at 5.680-5.680 EPS. Equities research analysts anticipate that ONEOK, Inc. will post 5.84 EPS for the current year.

ONEOK Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Monday, August 3rd were paid a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend was Monday, August 3rd. ONEOK’s payout ratio is presently 73.79%.

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.