Man Group plc Acquires New Position in ONEOK, Inc. $OKE

Man Group plc acquired a new stake in shares of ONEOK, Inc. (NYSE:OKE) in the second quarter, HoldingsChannel.com reports. The firm acquired 27,576 shares of the utilities provider’s stock, valued at approximately $2,397,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Zions Bancorporation National Association UT raised its position in ONEOK by 73.3% in the 4th quarter. Zions Bancorporation National Association UT now owns 338 shares of the utilities provider’s stock worth $25,000 after buying an additional 143 shares during the last quarter. Elyxium Wealth LLC bought a new position in ONEOK during the fourth quarter valued at approximately $29,000. Cornerstone Financial Management LLC bought a new position in shares of ONEOK during the 4th quarter valued at $29,000. Portus Wealth Advisors LLC bought a new position in shares of ONEOK during the 1st quarter valued at $33,000. Finally, Wilkerson Advisory Group LLC grew its holdings in shares of ONEOK by 51.4% in the first quarter. Wilkerson Advisory Group LLC now owns 392 shares of the utilities provider’s stock worth $35,000 after acquiring an additional 133 shares during the period. 69.13% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

OKE has been the topic of several recent research reports. Freedom Capital upgraded shares of ONEOK from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 5th. Citigroup boosted their price objective on shares of ONEOK from $95.00 to $97.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Royal Bank Of Canada raised their target price on ONEOK from $84.00 to $90.00 and gave the stock a “sector perform” rating in a report on Tuesday, July 21st. UBS Group restated a “neutral” rating and issued a $108.00 price target on shares of ONEOK in a research report on Monday. Finally, Scotiabank lifted their price objective on ONEOK from $89.00 to $95.00 and gave the company a “sector perform” rating in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, ONEOK presently has an average rating of “Moderate Buy” and a consensus price target of $93.50.

ONEOK Trading Down 0.2%

ONEOK stock opened at $95.79 on Wednesday. ONEOK, Inc. has a 1 year low of $64.02 and a 1 year high of $99.85. The firm’s 50 day moving average price is $91.25 and its 200-day moving average price is $88.92. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.74 and a quick ratio of 0.59. The stock has a market cap of $60.38 billion, a P/E ratio of 16.52, a PEG ratio of 2.68 and a beta of 0.74.

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

ONEOK Announces Dividend

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

ONEOK News Roundup

Here are the key news stories impacting ONEOK this week:

• Positive Sentiment: The Brazos acquisition would more than double ONEOK’s Midland Basin processing capacity and expand its presence in the prolific Permian region. Management expects the deal to generate operating synergies, supporting long-term volume growth and cash flow. ONEOK Doubles Down on the Permian with $4.43 Billion Brazos Acquisition
• Positive Sentiment: Apollo Global Management is making a $9 billion nonvoting minority equity investment. ONEOK plans to use approximately $5 billion of the proceeds to repay debt, potentially improving leverage and reducing financing pressure while funding the Permian expansion. ONEOK’s $4.4 Billion Deal Comes With a $9 Billion Twist
• Positive Sentiment: JPMorgan raised its price target for OKE from $95 to $106, implying meaningful upside from the referenced share price. However, the firm maintained a neutral rating, indicating that the valuation and execution risks remain important considerations. JPMorgan Raises ONEOK Price Target
• Neutral Sentiment: Broader midstream companies have raised full-year guidance after a strong second quarter, reinforcing a favorable industry backdrop for ONEOK’s infrastructure and fee-based cash-flow model. Midstream Scales Up Natural Gas Infrastructure
• Negative Sentiment: The transaction involves substantial financing, corporate restructuring and debt tenders. Although Apollo’s investment is intended to support roughly $5 billion of debt repayment, investors may remain cautious about integration, execution, governance changes and the complexity of converting Apollo’s equity stake into debt investments.

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.