Havemeyer Place LP Purchases New Position in ONEOK, Inc. $OKE

Havemeyer Place LP purchased a new stake in ONEOK, Inc. (NYSE:OKE) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 16,011 shares of the utilities provider’s stock, valued at approximately $1,177,000.

A number of other hedge funds have also modified their holdings of OKE. Norges Bank acquired a new stake in shares of ONEOK in the 4th quarter valued at approximately $564,867,000. First Eagle Investment Management LLC raised its position in shares of ONEOK by 46.3% in the 4th 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 period. Danske Bank A S raised its holdings in ONEOK by 3,538.4% during the 4th quarter. Danske Bank A S now owns 1,691,433 shares of the utilities provider’s stock worth $124,320,000 after buying an additional 1,644,945 shares during the period. Man Group plc raised its holdings in ONEOK by 292.1% during the 2nd quarter. Man Group plc now owns 1,558,993 shares of the utilities provider’s stock worth $127,261,000 after buying an additional 1,161,352 shares during the period. Finally, Swiss Life Asset Management Ltd raised its holdings in ONEOK by 219.5% during the 4th quarter. Swiss Life Asset Management Ltd now owns 1,522,404 shares of the utilities provider’s stock worth $111,897,000 after buying an additional 1,045,976 shares during the period. 69.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

OKE has been the topic of several research analyst reports. Weiss Ratings upgraded shares of ONEOK from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 18th. Truist Financial raised their target price on shares of ONEOK from $91.00 to $93.00 and gave the stock a “hold” rating in a report on Monday, May 4th. 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. Jefferies Financial Group raised their target price on shares of ONEOK from $98.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, April 8th. Finally, Citigroup raised their target price on shares of ONEOK from $95.00 to $97.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Eight investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat, ONEOK presently has a consensus rating of “Hold” and an average target price of $91.88.

ONEOK Price Performance

Shares of OKE opened at $88.26 on Monday. The stock has a market capitalization of $55.61 billion, a P/E ratio of 15.73, a P/E/G ratio of 6.60 and a beta of 0.74. ONEOK, Inc. has a twelve month low of $64.02 and a twelve month high of $96.07. The company has a 50 day moving average of $88.56 and a 200-day moving average of $81.98. The company has a quick ratio of 0.56, a current ratio of 0.71 and a debt-to-equity ratio of 1.37.

ONEOK (NYSE:OKE) last issued its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $1.23 earnings per share for the quarter, missing the consensus estimate of $1.30 by ($0.07). The business had revenue of $9.62 billion for the quarter, compared to the consensus estimate of $8.23 billion. ONEOK had a return on equity of 16.06% and a net margin of 10.03%.During the same period in the prior year, the business earned $1.04 earnings per share. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. As a group, equities research analysts forecast that ONEOK, Inc. will post 5.72 EPS for the current fiscal year.

ONEOK Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 4th were paid a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a dividend yield of 4.8%. The ex-dividend date of this dividend was Monday, May 4th. ONEOK’s dividend payout ratio (DPR) is currently 76.29%.

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.