TD Asset Management Inc Boosts Holdings in ONEOK, Inc. $OKE

TD Asset Management Inc grew its position in ONEOK, Inc. (NYSE:OKE) by 15.8% during the 3rd quarter, Holdings Channel.com reports. The firm owned 305,522 shares of the utilities provider’s stock after purchasing an additional 41,742 shares during the period. TD Asset Management Inc’s holdings in ONEOK were worth $22,294,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in OKE. Empowered Funds LLC increased its position in ONEOK by 0.8% during the 1st quarter. Empowered Funds LLC now owns 17,957 shares of the utilities provider’s stock valued at $1,782,000 after buying an additional 137 shares in the last quarter. Focused Wealth Management Inc boosted its holdings in ONEOK by 4.3% in the third quarter. Focused Wealth Management Inc now owns 3,441 shares of the utilities provider’s stock worth $251,000 after acquiring an additional 142 shares in the last quarter. Fidelis Capital Partners LLC grew its stake in shares of ONEOK by 4.2% during the second quarter. Fidelis Capital Partners LLC now owns 3,589 shares of the utilities provider’s stock worth $270,000 after acquiring an additional 144 shares during the last quarter. Silver Lake Advisory LLC increased its holdings in shares of ONEOK by 1.4% during the third quarter. Silver Lake Advisory LLC now owns 10,788 shares of the utilities provider’s stock valued at $787,000 after acquiring an additional 147 shares in the last quarter. Finally, Alternative Investment Advisors LLC. increased its holdings in shares of ONEOK by 1.2% during the second quarter. Alternative Investment Advisors LLC. now owns 12,479 shares of the utilities provider’s stock valued at $1,019,000 after acquiring an additional 148 shares in the last quarter. 69.13% of the stock is owned by institutional investors and hedge funds.

ONEOK Stock Performance

NYSE OKE opened at $82.67 on Friday. The firm has a market capitalization of $52.06 billion, a P/E ratio of 15.25, a PEG ratio of 4.88 and a beta of 0.96. The stock has a 50-day simple moving average of $78.17 and a two-hundred day simple moving average of $73.98. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.75 and a current ratio of 0.71. ONEOK, Inc. has a fifty-two week low of $64.02 and a fifty-two week high of $103.64.

ONEOK (NYSE:OKE) last posted its earnings results on Monday, February 23rd. The utilities provider reported $1.55 EPS for the quarter, topping the consensus estimate of $1.50 by $0.05. ONEOK had a return on equity of 15.29% and a net margin of 10.09%.The firm had revenue of $9.07 billion for the quarter, compared to analyst estimates of $8.77 billion. During the same period last year, the company earned $1.57 earnings per share. ONEOK has set its FY 2026 guidance at 5.040-5.870 EPS. On average, equities analysts forecast that ONEOK, Inc. will post 5.07 earnings per share for the current year.

ONEOK Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Monday, February 2nd were given a dividend of $1.07 per share. This is a boost from ONEOK’s previous quarterly dividend of $1.03. This represents a $4.28 annualized dividend and a yield of 5.2%. The ex-dividend date was Monday, February 2nd. ONEOK’s dividend payout ratio (DPR) is 78.97%.

Analyst Upgrades and Downgrades

OKE has been the subject of a number of recent analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of ONEOK in a research note on Monday, December 29th. JPMorgan Chase & Co. downgraded shares of ONEOK from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $87.00 to $83.00 in a research note on Tuesday, January 27th. Jefferies Financial Group started coverage on ONEOK in a research report on Tuesday, January 20th. They issued a “hold” rating and a $80.00 target price on the stock. UBS Group reduced their target price on ONEOK from $114.00 to $103.00 and set a “buy” rating for the company in a research note on Thursday, January 22nd. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $72.00 price target on shares of ONEOK in a research note on Monday, November 3rd. Seven investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $86.07.

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.