9,737 Shares in ONEOK, Inc. $OKE Acquired by Old West Investment Management LLC

Old West Investment Management LLC acquired a new stake in shares of ONEOK, Inc. (NYSE:OKE) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 9,737 shares of the utilities provider’s stock, valued at approximately $847,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Triune Financial Partners LLC acquired a new stake in shares of ONEOK during the 4th quarter valued at about $1,151,000. Swiss Life Asset Management Ltd raised its position in ONEOK by 219.5% during the fourth quarter. Swiss Life Asset Management Ltd now owns 1,522,404 shares of the utilities provider’s stock valued at $111,897,000 after acquiring an additional 1,045,976 shares in the last quarter. Castle Rock Wealth Management LLC lifted its stake in ONEOK by 360.0% in the fourth quarter. Castle Rock Wealth Management LLC now owns 36,216 shares of the utilities provider’s stock valued at $2,815,000 after acquiring an additional 28,343 shares during the last quarter. First Eagle Investment Management LLC lifted its stake in ONEOK by 46.3% in the fourth quarter. First Eagle Investment Management LLC now owns 11,365,304 shares of the utilities provider’s stock valued at $835,350,000 after acquiring an additional 3,596,089 shares during the last quarter. Finally, Torray Investment Partners LLC bought a new stake in ONEOK in the fourth quarter worth approximately $19,109,000. Institutional investors and hedge funds own 69.13% of the company’s stock.

ONEOK Trading Up 0.0%

Shares of OKE stock opened at $94.99 on Monday. ONEOK, Inc. has a 12 month low of $64.02 and a 12 month high of $96.07. The company has a quick ratio of 0.59, a current ratio of 0.74 and a debt-to-equity ratio of 1.34. The business’s 50 day moving average is $89.48 and its two-hundred day moving average is $87.68. The company has a market cap of $59.88 billion, a PE ratio of 16.38, a price-to-earnings-growth ratio of 7.10 and a beta of 0.73.

ONEOK (NYSE:OKE) last released its quarterly earnings results on Monday, August 3rd. The utilities provider reported $1.53 EPS for the quarter, beating 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 analyst estimates of $8.95 billion. During the same quarter last year, the firm posted $1.34 earnings per share. ONEOK has set its FY 2026 guidance at 5.680-5.680 EPS. Equities analysts predict that ONEOK, Inc. will post 5.87 EPS for the current year.

ONEOK Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Monday, August 3rd were issued a $1.07 dividend. This represents a $4.28 annualized dividend and a yield of 4.5%. The ex-dividend date was Monday, August 3rd. ONEOK’s dividend payout ratio (DPR) is 73.79%.

Wall Street Analysts Forecast Growth

OKE has been the topic of a number of recent research reports. Weiss Ratings restated a “buy (b-)” rating on shares of ONEOK in a report on Thursday. Citigroup upped their price objective on shares of ONEOK from $95.00 to $97.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Freedom Capital raised shares of ONEOK from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 5th. TD Cowen raised their target price on ONEOK from $85.00 to $90.00 and gave the company a “hold” rating in a report on Thursday, July 16th. Finally, Wall Street Zen raised ONEOK from a “sell” rating to a “hold” rating in a research report on Sunday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $91.81.

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.