ONEOK, Inc. $OKE Shares Acquired by Pacer Advisors Inc.

Pacer Advisors Inc. lifted its stake in shares of ONEOK, Inc. (NYSE:OKE) by 18.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 129,728 shares of the utilities provider’s stock after buying an additional 20,302 shares during the quarter. Pacer Advisors Inc.’s holdings in ONEOK were worth $9,535,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. Hoxton Planning & Management LLC raised its stake in ONEOK by 2.3% during the fourth quarter. Hoxton Planning & Management LLC now owns 5,372 shares of the utilities provider’s stock valued at $395,000 after buying an additional 120 shares in the last quarter. Disciplined Investments LLC grew its position in shares of ONEOK by 0.6% in the 4th quarter. Disciplined Investments LLC now owns 21,577 shares of the utilities provider’s stock worth $1,586,000 after acquiring an additional 125 shares in the last quarter. TCV Trust & Wealth Management Inc. grew its position in shares of ONEOK by 4.2% in the 4th quarter. TCV Trust & Wealth Management Inc. now owns 3,290 shares of the utilities provider’s stock worth $242,000 after acquiring an additional 133 shares in the last quarter. Loomis Sayles & Co. L P increased its holdings in shares of ONEOK by 14.8% in the 4th quarter. Loomis Sayles & Co. L P now owns 1,034 shares of the utilities provider’s stock valued at $76,000 after acquiring an additional 133 shares during the last quarter. Finally, Empowered Funds LLC increased its holdings in shares of ONEOK by 0.8% in the 1st quarter. Empowered Funds LLC now owns 17,957 shares of the utilities provider’s stock valued at $1,782,000 after acquiring an additional 137 shares during the last quarter. 69.13% of the stock is currently owned by institutional investors and hedge funds.

ONEOK Trading Up 0.0%

Shares of NYSE:OKE opened at $85.06 on Monday. The stock has a market capitalization of $53.59 billion, a price-to-earnings ratio of 15.16, a PEG ratio of 6.36 and a beta of 0.74. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.56 and a current ratio of 0.71. The company has a 50 day moving average price of $88.05 and a 200 day moving average price of $83.15. ONEOK, Inc. has a 1-year low of $64.02 and a 1-year high of $96.07.

ONEOK (NYSE:OKE) last issued its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $1.23 earnings per share for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.07). The company had revenue of $9.62 billion during the quarter, compared to analysts’ expectations of $8.23 billion. ONEOK had a return on equity of 16.06% and a net margin of 10.03%.During the same period in the prior year, the business posted $1.04 EPS. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. On average, research analysts anticipate that ONEOK, Inc. will post 5.72 EPS for the current fiscal year.

ONEOK Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 4th were given a $1.07 dividend. This represents a $4.28 annualized dividend and a dividend yield of 5.0%. The ex-dividend date of this dividend was Monday, May 4th. ONEOK’s dividend payout ratio (DPR) is 76.29%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Truist Financial raised their price objective on ONEOK from $91.00 to $93.00 and gave the stock a “hold” rating in a research note on Monday, May 4th. Citigroup boosted their target price on shares of ONEOK from $95.00 to $97.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Morgan Stanley increased their target price on shares of ONEOK from $104.00 to $113.00 and gave the stock an “overweight” rating in a report on Tuesday, April 7th. Raymond James Financial restated an “outperform” rating and issued a $92.00 price target on shares of ONEOK in a research report on Thursday, April 30th. Finally, Weiss Ratings raised shares of ONEOK from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 18th. Eight analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, ONEOK has a consensus rating of “Hold” and a consensus target price of $91.88.

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.