Morningstar Investment Management LLC Purchases 8,258 Shares of ONEOK, Inc. $OKE

Morningstar Investment Management LLC boosted its position in shares of ONEOK, Inc. (NYSE:OKE) by 27.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 38,035 shares of the utilities provider’s stock after buying an additional 8,258 shares during the period. Morningstar Investment Management LLC’s holdings in ONEOK were worth $2,796,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in OKE. Winnow Wealth LLC bought a new position in ONEOK during the third quarter valued at approximately $28,000. Elyxium Wealth LLC bought a new position in ONEOK during the fourth quarter valued at approximately $29,000. SRH Advisors LLC boosted its stake in ONEOK by 122.3% during the fourth quarter. SRH Advisors LLC now owns 438 shares of the utilities provider’s stock valued at $32,000 after buying an additional 241 shares during the last quarter. AXS Investments LLC bought a new position in ONEOK during the third quarter valued at approximately $35,000. Finally, Accredited Wealth Management LLC boosted its stake in ONEOK by 342.5% during the third quarter. Accredited Wealth Management LLC now owns 500 shares of the utilities provider’s stock valued at $36,000 after buying an additional 387 shares during the last quarter. 69.13% of the stock is owned by institutional investors.

ONEOK Price Performance

NYSE:OKE opened at $93.98 on Monday. The firm has a market capitalization of $59.21 billion, a price-to-earnings ratio of 16.75, a PEG ratio of 6.84 and a beta of 0.78. ONEOK, Inc. has a 1 year low of $64.02 and a 1 year high of $96.07. The business has a 50 day simple moving average of $88.54 and a 200-day simple moving average of $80.58. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.71 and a quick ratio of 0.56.

ONEOK (NYSE:OKE) last posted its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.30 by ($0.07). The company had revenue of $9.62 billion during the quarter, compared to the consensus estimate of $8.23 billion. ONEOK had a net margin of 10.03% and a return on equity of 16.06%. During the same period in the previous year, the business earned $1.04 earnings per share. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. Equities analysts forecast that ONEOK, Inc. will post 5.76 EPS for the current year.

ONEOK Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 4th were issued a $1.07 dividend. This represents a $4.28 annualized dividend and a dividend yield of 4.6%. The ex-dividend date was Monday, May 4th. ONEOK’s dividend payout ratio is presently 76.29%.

Wall Street Analyst Weigh In

OKE has been the subject of a number of research reports. Raymond James Financial reissued an “outperform” rating and set a $92.00 price target on shares of ONEOK in a research note on Thursday, April 30th. Weiss Ratings raised ONEOK from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 18th. Truist Financial raised their price objective on ONEOK from $91.00 to $93.00 and gave the company a “hold” rating in a research note on Monday, May 4th. Mizuho set a $89.00 price objective on ONEOK in a research note on Monday, February 23rd. Finally, Royal Bank Of Canada raised their price objective on ONEOK from $79.00 to $84.00 and gave the company a “sector perform” rating in a research note on Thursday, March 19th. Eight analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, ONEOK currently has an average rating of “Hold” and a consensus target price of $91.88.

About ONEOK

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.