NFJ Investment Group LLC Makes New $3.25 Million Investment in ONEOK, Inc. $OKE

NFJ Investment Group LLC purchased a new stake in shares of ONEOK, Inc. (NYSE:OKE) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund purchased 37,392 shares of the utilities provider’s stock, valued at approximately $3,251,000.

A number of other hedge funds have also modified their holdings of OKE. Zions Bancorporation National Association UT raised its stake in shares of ONEOK by 73.3% in the fourth quarter. Zions Bancorporation National Association UT now owns 338 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 143 shares during the last quarter. Elyxium Wealth LLC purchased a new stake in ONEOK in the fourth quarter valued at approximately $29,000. Cornerstone Financial Management LLC acquired a new position in ONEOK in the 4th quarter worth approximately $29,000. Portus Wealth Advisors LLC purchased a new position in ONEOK during the 1st quarter worth approximately $33,000. Finally, Wilkerson Advisory Group LLC raised its position in ONEOK by 51.4% during the 1st quarter. Wilkerson Advisory Group LLC now owns 392 shares of the utilities provider’s stock worth $35,000 after buying an additional 133 shares during the last quarter. 69.13% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have commented on OKE shares. Citigroup upped their price objective on shares of ONEOK from $95.00 to $97.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Royal Bank Of Canada increased their price objective on shares of ONEOK from $84.00 to $90.00 and gave the stock a “sector perform” rating in a research note on Tuesday, July 21st. JPMorgan Chase & Co. raised their target price on shares of ONEOK from $91.00 to $92.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Barclays lowered their price target on shares of ONEOK from $90.00 to $88.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 8th. Finally, Wells Fargo & Company cut their price target on ONEOK from $100.00 to $98.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, ONEOK currently has a consensus rating of “Moderate Buy” and a consensus price target of $91.94.

ONEOK Trading Down 1.4%

ONEOK stock opened at $94.69 on Friday. The company has a current ratio of 0.74, a quick ratio of 0.59 and a debt-to-equity ratio of 1.34. ONEOK, Inc. has a 12 month low of $64.02 and a 12 month high of $97.90. The stock’s 50 day simple moving average is $90.03 and its two-hundred day simple moving average is $88.16. The firm has a market cap of $59.69 billion, a PE ratio of 16.33, a P/E/G ratio of 2.69 and a beta of 0.73.

ONEOK (NYSE:OKE) last issued its quarterly earnings data on Monday, August 3rd. The utilities provider reported $1.53 EPS 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 business had revenue of $12.05 billion for the quarter, compared to analysts’ expectations of $8.95 billion. During the same quarter last year, the company earned $1.34 EPS. ONEOK has set its FY 2026 guidance at 5.680-5.680 EPS. Analysts anticipate that ONEOK, Inc. will post 5.82 earnings per share for the current year.

ONEOK Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Monday, August 3rd were given a dividend of $1.07 per share. 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 currently 73.79%.

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.