ONEOK, Inc. $OKE Position Increased by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. increased its holdings in ONEOK, Inc. (NYSE:OKE) by 10.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 103,048 shares of the utilities provider’s stock after buying an additional 9,664 shares during the period. Rakuten Investment Management Inc.’s holdings in ONEOK were worth $9,143,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Zions Bancorporation National Association UT boosted its holdings in shares of ONEOK by 73.3% during the fourth quarter. Zions Bancorporation National Association UT now owns 338 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 143 shares during the period. Elyxium Wealth LLC acquired a new stake in shares of ONEOK in the 4th quarter worth about $29,000. Cornerstone Financial Management LLC acquired a new stake in shares of ONEOK in the 4th quarter worth about $29,000. Transamerica Financial Advisors LLC lifted its position in ONEOK by 69.6% in the 2nd quarter. Transamerica Financial Advisors LLC now owns 363 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 149 shares during the last quarter. Finally, Portus Wealth Advisors LLC bought a new stake in ONEOK in the 1st quarter valued at about $33,000. Institutional investors own 69.13% of the company’s stock.

ONEOK Trading Up 0.2%

Shares of NYSE:OKE opened at $94.88 on Friday. The company has a 50 day moving average of $90.89 and a 200-day moving average of $88.71. The firm has a market cap of $59.81 billion, a P/E ratio of 16.36, a P/E/G ratio of 2.64 and a beta of 0.73. ONEOK, Inc. has a twelve month low of $64.02 and a twelve month high of $97.90. 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 (NYSE:OKE) last announced its 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. The firm had revenue of $12.05 billion for the quarter, compared to analysts’ expectations of $8.95 billion. ONEOK had a return on equity of 16.41% and a net margin of 9.29%.During the same quarter in the previous year, the company earned $1.34 earnings per share. ONEOK has set its FY 2026 guidance at 5.680-5.680 EPS. As a group, analysts anticipate that ONEOK, Inc. will post 5.84 earnings per share for the current fiscal year.

ONEOK Announces Dividend

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

Wall Street Analyst Weigh In

Several research analysts have commented on OKE shares. JPMorgan Chase & Co. upped their target price on shares of ONEOK from $91.00 to $92.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. TD Cowen boosted their price objective on ONEOK from $85.00 to $90.00 and gave the stock a “hold” rating in a research report on Thursday, July 16th. Barclays decreased their price objective on ONEOK from $90.00 to $88.00 and set an “equal weight” rating for the company in a report on Wednesday, July 8th. Royal Bank Of Canada raised their target price on ONEOK from $84.00 to $90.00 and gave the company a “sector perform” rating in a research report on Tuesday, July 21st. Finally, Morgan Stanley lifted their target price on ONEOK from $103.00 to $105.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, ONEOK currently has a consensus rating of “Moderate Buy” and an average price target of $91.94.

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.