ONEOK, Inc. $OKE Shares Purchased by Duff & Phelps Investment Management Co.

Duff & Phelps Investment Management Co. raised its stake in ONEOK, Inc. (NYSE:OKE) by 3.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 791,311 shares of the utilities provider’s stock after purchasing an additional 23,588 shares during the period. Duff & Phelps Investment Management Co. owned 0.13% of ONEOK worth $57,742,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of OKE. Beese Fulmer Investment Management Inc. lifted its position in ONEOK by 9.1% in the third quarter. Beese Fulmer Investment Management Inc. now owns 3,105 shares of the utilities provider’s stock valued at $227,000 after acquiring an additional 260 shares during the last quarter. Mackenzie Financial Corp boosted its position in shares of ONEOK by 10.2% in the 3rd quarter. Mackenzie Financial Corp now owns 114,380 shares of the utilities provider’s stock valued at $8,346,000 after purchasing an additional 10,567 shares during the period. Franklin Resources Inc. grew its stake in ONEOK by 3.5% during the 3rd quarter. Franklin Resources Inc. now owns 672,484 shares of the utilities provider’s stock worth $49,071,000 after buying an additional 22,741 shares during the last quarter. Van ECK Associates Corp increased its position in ONEOK by 20.3% during the third quarter. Van ECK Associates Corp now owns 335,890 shares of the utilities provider’s stock worth $24,510,000 after buying an additional 56,633 shares during the period. Finally, Bank of Montreal Can lifted its stake in ONEOK by 13.0% in the third quarter. Bank of Montreal Can now owns 701,998 shares of the utilities provider’s stock valued at $51,225,000 after buying an additional 80,702 shares during the last quarter. Hedge funds and other institutional investors own 69.13% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on OKE shares. Morgan Stanley reiterated an “overweight” rating and issued a $104.00 price target on shares of ONEOK in a research report on Wednesday, January 28th. JPMorgan Chase & Co. cut shares of ONEOK from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $87.00 to $83.00 in a report on Tuesday, January 27th. Weiss Ratings reissued a “hold (c)” rating on shares of ONEOK in a report on Monday, December 29th. Jefferies Financial Group began coverage on ONEOK in a research note on Tuesday, January 20th. They set a “hold” rating and a $80.00 price objective for the company. Finally, Wells Fargo & Company lowered their target price on ONEOK from $82.00 to $79.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 25th. Seven investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $86.47.

ONEOK Stock Performance

NYSE OKE opened at $85.73 on Thursday. The company has a current ratio of 0.71, a quick ratio of 0.56 and a debt-to-equity ratio of 1.36. The business’s 50 day moving average is $80.14 and its two-hundred day moving average is $74.62. The stock has a market capitalization of $53.99 billion, a price-to-earnings ratio of 15.82, a PEG ratio of 5.04 and a beta of 0.93. ONEOK, Inc. has a 12-month low of $64.02 and a 12-month high of $103.64.

ONEOK (NYSE:OKE) last released its quarterly earnings data on Monday, February 23rd. The utilities provider reported $1.55 earnings per share (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 during the quarter, compared to analysts’ expectations of $8.77 billion. During the same quarter in the prior year, the business posted $1.57 earnings per share. ONEOK has set its FY 2026 guidance at 5.040-5.870 EPS. Research analysts expect that ONEOK, Inc. will post 5.07 EPS for the current year.

ONEOK Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Monday, February 2nd were given a dividend of $1.07 per share. The ex-dividend date was Monday, February 2nd. This is an increase from ONEOK’s previous quarterly dividend of $1.03. This represents a $4.28 annualized dividend and a yield of 5.0%. ONEOK’s dividend payout ratio (DPR) 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.