Man Group plc Makes New Investment in ONEOK, Inc. $OKE

Man Group plc bought a new position in shares of ONEOK, Inc. (NYSE:OKE) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 27,576 shares of the utilities provider’s stock, valued at approximately $2,397,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Triune Financial Partners LLC bought a new stake in ONEOK in the fourth quarter worth about $1,151,000. Swiss Life Asset Management Ltd raised its stake in shares of ONEOK by 219.5% in 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 buying an additional 1,045,976 shares during the period. Castle Rock Wealth Management LLC lifted its position in shares of ONEOK by 360.0% during the 4th quarter. Castle Rock Wealth Management LLC now owns 36,216 shares of the utilities provider’s stock valued at $2,815,000 after buying an additional 28,343 shares during the last quarter. First Eagle Investment Management LLC grew its stake in shares of ONEOK by 46.3% during the 4th quarter. First Eagle Investment Management LLC now owns 11,365,304 shares of the utilities provider’s stock worth $835,350,000 after acquiring an additional 3,596,089 shares during the period. Finally, Intact Investment Management Inc. increased its holdings in ONEOK by 56.3% in the 4th quarter. Intact Investment Management Inc. now owns 80,500 shares of the utilities provider’s stock worth $5,917,000 after acquiring an additional 29,000 shares during the last quarter. 69.13% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting ONEOK

Here are the key news stories impacting ONEOK this week:

• Positive Sentiment: The Brazos acquisition would more than double ONEOK’s Midland Basin processing capacity and expand its presence in the prolific Permian region. Management expects the deal to generate operating synergies, supporting long-term volume growth and cash flow. ONEOK Doubles Down on the Permian with $4.43 Billion Brazos Acquisition
• Positive Sentiment: Apollo Global Management is making a $9 billion nonvoting minority equity investment. ONEOK plans to use approximately $5 billion of the proceeds to repay debt, potentially improving leverage and reducing financing pressure while funding the Permian expansion. ONEOK’s $4.4 Billion Deal Comes With a $9 Billion Twist
• Positive Sentiment: JPMorgan raised its price target for OKE from $95 to $106, implying meaningful upside from the referenced share price. However, the firm maintained a neutral rating, indicating that the valuation and execution risks remain important considerations. JPMorgan Raises ONEOK Price Target
• Neutral Sentiment: Broader midstream companies have raised full-year guidance after a strong second quarter, reinforcing a favorable industry backdrop for ONEOK’s infrastructure and fee-based cash-flow model. Midstream Scales Up Natural Gas Infrastructure
• Negative Sentiment: The transaction involves substantial financing, corporate restructuring and debt tenders. Although Apollo’s investment is intended to support roughly $5 billion of debt repayment, investors may remain cautious about integration, execution, governance changes and the complexity of converting Apollo’s equity stake into debt investments.

ONEOK Stock Performance

ONEOK stock opened at $95.79 on Wednesday. The company has a current ratio of 0.74, a quick ratio of 0.59 and a debt-to-equity ratio of 1.34. The firm has a market cap of $60.38 billion, a P/E ratio of 16.52, a P/E/G ratio of 2.68 and a beta of 0.74. ONEOK, Inc. has a 1-year low of $64.02 and a 1-year high of $99.85. The firm has a 50-day moving average of $91.25 and a 200-day moving average of $88.92.

ONEOK (NYSE:OKE) last released its quarterly earnings data on Monday, August 3rd. The utilities provider reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.07. The business had revenue of $12.05 billion during 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 last year, the business posted $1.34 EPS. ONEOK has set its FY 2026 guidance at 5.680-5.680 EPS. Sell-side analysts expect that ONEOK, Inc. will post 5.84 EPS for the current year.

ONEOK Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on OKE. Citigroup lifted their price objective on shares of ONEOK from $95.00 to $97.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Scotiabank boosted their price objective on shares of ONEOK from $89.00 to $95.00 and gave the company a “sector perform” rating in a research note on Tuesday. JPMorgan Chase & Co. raised their price target on shares of ONEOK from $95.00 to $106.00 and gave the company a “neutral” rating in a report on Tuesday. UBS Group restated a “neutral” rating and set a $108.00 target price on shares of ONEOK in a research report on Monday. Finally, Wall Street Zen raised shares of ONEOK from a “sell” rating to a “hold” rating in a report on Sunday, August 9th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, ONEOK presently has an average rating of “Moderate Buy” and a consensus price target of $93.50.

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.