Bollard Group LLC Has $65.91 Million Stock Holdings in ONEOK, Inc. $OKE

Bollard Group LLC boosted its holdings in shares of ONEOK, Inc. (NYSE:OKE) by 5.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 903,304 shares of the utilities provider’s stock after buying an additional 50,678 shares during the period. ONEOK comprises 1.5% of Bollard Group LLC’s portfolio, making the stock its 10th largest holding. Bollard Group LLC owned approximately 0.14% of ONEOK worth $65,914,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in OKE. Crawford Investment Counsel Inc. lifted its holdings in ONEOK by 5.5% during the 3rd quarter. Crawford Investment Counsel Inc. now owns 283,773 shares of the utilities provider’s stock worth $20,707,000 after buying an additional 14,672 shares in the last quarter. Aventail Capital Group LP increased its stake in shares of ONEOK by 10.0% in the 3rd quarter. Aventail Capital Group LP now owns 371,064 shares of the utilities provider’s stock valued at $27,077,000 after buying an additional 33,733 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. raised its position in shares of ONEOK by 30.9% during the third quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 18,443 shares of the utilities provider’s stock worth $1,346,000 after acquiring an additional 4,351 shares during the last quarter. California Public Employees Retirement System raised its position in shares of ONEOK by 2.7% during the third quarter. California Public Employees Retirement System now owns 1,090,821 shares of the utilities provider’s stock worth $79,597,000 after acquiring an additional 28,496 shares during the last quarter. Finally, Chilton Investment Co. Inc. acquired a new position in shares of ONEOK during the third quarter valued at $887,000. Institutional investors and hedge funds own 69.13% of the company’s stock.

ONEOK Price Performance

NYSE OKE opened at $85.44 on Friday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.56 and a current ratio of 0.71. The stock has a market cap of $53.81 billion, a price-to-earnings ratio of 15.76, a PEG ratio of 6.50 and a beta of 0.93. The business has a 50 day simple moving average of $80.59 and a 200 day simple moving average of $74.77. ONEOK, Inc. has a 52-week low of $64.02 and a 52-week high of $103.64.

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

ONEOK Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Monday, February 2nd were paid a $1.07 dividend. This represents a $4.28 annualized dividend 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 dividend payout ratio (DPR) is presently 78.97%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on OKE shares. Wells Fargo & Company raised their price target on ONEOK from $79.00 to $81.00 and gave the company an “equal weight” rating in a report on Friday. Morgan Stanley reaffirmed an “overweight” rating and issued a $104.00 target price on shares of ONEOK in a research note on Wednesday, January 28th. Barclays lifted their price target on shares of ONEOK from $76.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 5th. UBS Group cut their price objective on shares of ONEOK from $114.00 to $103.00 and set a “buy” rating on the stock in a report on Thursday, January 22nd. Finally, Scotiabank reaffirmed an “outperform” rating and issued a $91.00 price objective on shares of ONEOK in a research note on Friday, January 16th. Seven analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, ONEOK has an average rating of “Hold” and a consensus target price of $86.60.

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.