ONEOK, Inc. $OKE Shares Bought by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. increased its position in shares of ONEOK, Inc. (NYSE:OKE) by 17.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 395,776 shares of the utilities provider’s stock after acquiring an additional 59,666 shares during the period. Rockefeller Capital Management L.P. owned approximately 0.06% of ONEOK worth $29,090,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Capital International Investors acquired a new position in shares of ONEOK in the 4th quarter worth $586,500,000. Norges Bank acquired a new position in shares of ONEOK in the 4th quarter valued at about $564,867,000. First Eagle Investment Management LLC increased its stake in ONEOK by 46.3% in the 4th quarter. First Eagle Investment Management LLC now owns 11,365,304 shares of the utilities provider’s stock valued at $835,350,000 after buying an additional 3,596,089 shares during the period. Danske Bank A S increased its stake in shares of ONEOK by 3,538.4% in the fourth quarter. Danske Bank A S now owns 1,691,433 shares of the utilities provider’s stock worth $124,320,000 after acquiring an additional 1,644,945 shares during the last quarter. Finally, Man Group plc raised its stake in shares of ONEOK by 292.1% during the 2nd quarter. Man Group plc now owns 1,558,993 shares of the utilities provider’s stock worth $127,261,000 after purchasing an additional 1,161,352 shares in the last quarter. Institutional investors own 69.13% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. JPMorgan Chase & Co. raised their price target on shares of ONEOK from $91.00 to $92.00 and gave the company a “neutral” rating in a report on Friday, May 8th. TD Cowen lifted their price target on ONEOK from $80.00 to $85.00 and gave the stock a “hold” rating in a research report on Thursday, April 30th. Wells Fargo & Company cut their price objective on shares of ONEOK from $100.00 to $98.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Royal Bank Of Canada upped their target price on ONEOK from $79.00 to $84.00 and gave the company a “sector perform” rating in a research note on Thursday, March 19th. Finally, Freedom Capital raised shares of ONEOK from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th. Eight investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $91.88.

ONEOK Stock Performance

Shares of ONEOK stock opened at $86.13 on Tuesday. The firm has a fifty day moving average of $88.05 and a two-hundred day moving average of $83.24. The stock has a market capitalization of $54.26 billion, a price-to-earnings ratio of 15.35, 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. ONEOK, Inc. has a 52 week low of $64.02 and a 52 week high of $96.07.

ONEOK (NYSE:OKE) last released its earnings results on Tuesday, April 28th. The utilities provider reported $1.23 earnings per share 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 analyst estimates 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 company posted $1.04 EPS. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. As a group, equities research analysts predict that ONEOK, Inc. will post 5.72 EPS for the current year.

ONEOK Dividend Announcement

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

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.