NEOS Investment Management LLC Buys 177,336 Shares of ONEOK, Inc. $OKE

NEOS Investment Management LLC increased its stake in ONEOK, Inc. (NYSE:OKE) by 51.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 524,424 shares of the utilities provider’s stock after purchasing an additional 177,336 shares during the quarter. NEOS Investment Management LLC owned 0.08% of ONEOK worth $45,593,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Zions Bancorporation National Association UT lifted its holdings in shares of ONEOK by 73.3% during the 4th quarter. Zions Bancorporation National Association UT now owns 338 shares of the utilities provider’s stock valued at $25,000 after buying an additional 143 shares during the period. Pin Oak Investment Advisors Inc. bought a new stake in shares of ONEOK in the second quarter worth $28,000. Elyxium Wealth LLC bought a new position in ONEOK in the fourth quarter valued at about $29,000. Cornerstone Financial Management LLC bought a new position in ONEOK in the fourth quarter valued at about $29,000. Finally, Transamerica Financial Advisors LLC boosted its position in ONEOK by 69.6% in the second quarter. Transamerica Financial Advisors LLC now owns 363 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 149 shares during the last quarter. Institutional investors own 69.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on OKE shares. Freedom Capital raised shares of ONEOK from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 5th. Morgan Stanley raised their price objective on shares of ONEOK from $103.00 to $105.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 18th. Truist Financial boosted their target price on shares of ONEOK from $93.00 to $104.00 and gave the company a “hold” rating in a research report on Wednesday. Royal Bank Of Canada upped their target price on shares of ONEOK from $84.00 to $90.00 and gave the company a “sector perform” rating in a report on Tuesday, July 21st. Finally, UBS Group set a $105.00 price target on shares of ONEOK in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $95.50.

ONEOK Stock Down 0.3%

NYSE OKE opened at $95.76 on Friday. ONEOK, Inc. has a 52 week low of $64.02 and a 52 week high of $99.85. The company has a quick ratio of 0.59, a current ratio of 0.74 and a debt-to-equity ratio of 1.34. The company has a market capitalization of $60.36 billion, a P/E ratio of 16.51, a price-to-earnings-growth ratio of 2.68 and a beta of 0.74. The stock’s 50-day moving average price is $91.55 and its 200-day moving average price is $89.07.

ONEOK (NYSE:OKE) last announced its quarterly earnings data on Monday, August 3rd. The utilities provider reported $1.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.07. The company had revenue of $12.05 billion during the quarter, compared to the consensus estimate of $8.95 billion. ONEOK had a return on equity of 16.41% and a net margin of 9.29%.During the same period in the previous year, the company posted $1.34 EPS. ONEOK has set its FY 2026 guidance at 5.680-5.680 EPS. On average, equities research analysts predict that ONEOK, Inc. will post 5.84 earnings per share for the current year.

ONEOK Dividend Announcement

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

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.