ONEOK, Inc. $OKE Shares Acquired by Russell Investments Group Ltd.

Russell Investments Group Ltd. lifted its position in shares of ONEOK, Inc. (NYSE:OKE) by 1.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,232,011 shares of the utilities provider’s stock after acquiring an additional 16,871 shares during the quarter. Russell Investments Group Ltd. owned 0.20% of ONEOK worth $89,910,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of OKE. Brighton Jones LLC increased its position in shares of ONEOK by 137.1% in the fourth quarter. Brighton Jones LLC now owns 15,278 shares of the utilities provider’s stock valued at $1,534,000 after buying an additional 8,834 shares in the last quarter. Empowered Funds LLC lifted its position in shares of 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. Acadian Asset Management LLC acquired a new stake in ONEOK in the 1st quarter valued at $216,000. Modera Wealth Management LLC grew its stake in ONEOK by 46.5% in the 2nd quarter. Modera Wealth Management LLC now owns 5,444 shares of the utilities provider’s stock valued at $444,000 after acquiring an additional 1,729 shares during the period. Finally, Vestmark Advisory Solutions Inc. increased its holdings in ONEOK by 6.1% in the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 19,420 shares of the utilities provider’s stock worth $1,585,000 after acquiring an additional 1,118 shares in the last quarter. Hedge funds and other institutional investors own 69.13% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on OKE shares. Weiss Ratings restated a “hold (c)” rating on shares of ONEOK in a research report on Monday, December 29th. Scotiabank reissued an “outperform” rating and set a $91.00 target price on shares of ONEOK in a research note on Friday, January 16th. Morgan Stanley restated an “overweight” rating and set a $104.00 price target on shares of ONEOK in a research report on Wednesday, January 28th. Mizuho set a $89.00 price target on shares of ONEOK in a research note on Monday, February 23rd. Finally, JPMorgan Chase & Co. cut 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 report on Tuesday, January 27th. Seven analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $86.47.

ONEOK Trading Down 1.3%

Shares of OKE opened at $85.84 on Tuesday. ONEOK, Inc. has a 52-week low of $64.02 and a 52-week high of $103.64. The stock has a market cap of $54.06 billion, a PE ratio of 15.84, a price-to-earnings-growth ratio of 5.13 and a beta of 0.93. The firm’s fifty day moving average is $79.67 and its two-hundred day moving average is $74.48. The company has a quick ratio of 0.56, a current ratio of 0.71 and a debt-to-equity ratio of 1.36.

ONEOK (NYSE:OKE) last issued its earnings results on Monday, February 23rd. The utilities provider reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.50 by $0.05. The business had revenue of $9.07 billion during the quarter, compared to analysts’ expectations of $8.77 billion. ONEOK had a net margin of 10.09% and a return on equity of 15.29%. During the same period in the prior year, the business earned $1.57 earnings per share. ONEOK has set its FY 2026 guidance at 5.040-5.870 EPS. Research analysts forecast that ONEOK, Inc. will post 5.07 earnings per share for the current fiscal year.

ONEOK Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Monday, February 2nd were issued a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date was Monday, February 2nd. This is a positive change from ONEOK’s previous quarterly dividend of $1.03. ONEOK’s payout ratio is currently 78.97%.

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.