Frontier Asset Management LLC Takes Position in ONEOK, Inc. $OKE

Frontier Asset Management LLC bought a new stake in shares of ONEOK, Inc. (NYSE:OKE) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 6,269 shares of the utilities provider’s stock, valued at approximately $461,000.

Other large investors have also recently modified their holdings of the company. National Pension Service boosted its holdings in shares of ONEOK by 2.9% in the third quarter. National Pension Service now owns 857,949 shares of the utilities provider’s stock valued at $62,605,000 after purchasing an additional 24,003 shares during the period. Hudson Edge Investment Partners Inc. lifted its holdings in ONEOK by 34.1% during the third quarter. Hudson Edge Investment Partners Inc. now owns 87,667 shares of the utilities provider’s stock worth $6,397,000 after buying an additional 22,282 shares during the period. Nordea Investment Management AB lifted its holdings in ONEOK by 7.5% during the third quarter. Nordea Investment Management AB now owns 777,262 shares of the utilities provider’s stock worth $55,885,000 after buying an additional 54,444 shares during the period. Legal & General Group Plc lifted its holdings in ONEOK by 1.6% during the third quarter. Legal & General Group Plc now owns 5,218,376 shares of the utilities provider’s stock worth $380,785,000 after buying an additional 80,683 shares during the period. Finally, Jones Financial Companies Lllp lifted its holdings in ONEOK by 29.6% during the third quarter. Jones Financial Companies Lllp now owns 534,285 shares of the utilities provider’s stock worth $39,401,000 after buying an additional 121,891 shares during the period. Hedge funds and other institutional investors own 69.13% of the company’s stock.

ONEOK Price Performance

NYSE:OKE opened at $85.09 on Friday. ONEOK, Inc. has a one year low of $64.02 and a one year high of $95.30. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.56 and a current ratio of 0.71. The firm has a market cap of $53.61 billion, a price-to-earnings ratio of 15.17, a PEG ratio of 6.04 and a beta of 0.78. The firm’s fifty day moving average is $87.19 and its two-hundred day moving average is $78.82.

ONEOK (NYSE:OKE) last posted its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $1.23 EPS for the quarter, missing the consensus estimate of $1.30 by ($0.07). ONEOK had a net margin of 10.03% and a return on equity of 16.06%. The business had revenue of $9.62 billion during the quarter, compared to analysts’ expectations of $8.23 billion. During the same period in the previous year, the company posted $1.04 earnings per share. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. Research analysts expect that ONEOK, Inc. will post 5.9 EPS for the current year.

ONEOK Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Monday, May 4th will be issued a $1.07 dividend. This represents a $4.28 annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend is Monday, May 4th. ONEOK’s dividend payout ratio is presently 76.29%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on OKE shares. Freedom Capital upgraded ONEOK from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 5th. JPMorgan Chase & Co. upped their target price on ONEOK from $91.00 to $92.00 and gave the stock a “neutral” rating in a report on Friday. TD Cowen upped their target price on ONEOK from $80.00 to $85.00 and gave the stock a “hold” rating in a report on Thursday, April 30th. Mizuho set a $89.00 price objective on ONEOK in a report on Monday, February 23rd. Finally, Jefferies Financial Group boosted their target price on ONEOK from $98.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, April 8th. Seven analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat, ONEOK presently 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.