Kayne Anderson Capital Advisors LP Takes Position in ONEOK, Inc. $OKE

Kayne Anderson Capital Advisors LP acquired a new stake in ONEOK, Inc. (NYSE:OKE) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 3,864,249 shares of the utilities provider’s stock, valued at approximately $335,958,000. ONEOK accounts for 6.6% of Kayne Anderson Capital Advisors LP’s investment portfolio, making the stock its 5th largest holding.

Other institutional investors have also recently added to or reduced their stakes in the company. Zions Bancorporation National Association UT increased its holdings in ONEOK by 73.3% in the fourth 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 in the last quarter. Portus Wealth Advisors LLC purchased a new stake in shares of ONEOK during the 1st quarter worth approximately $33,000. Elyxium Wealth LLC purchased a new stake in shares of ONEOK during the 4th quarter worth approximately $29,000. Wilkerson Advisory Group LLC grew its holdings in shares of ONEOK by 51.4% in the 1st quarter. Wilkerson Advisory Group LLC now owns 392 shares of the utilities provider’s stock worth $35,000 after acquiring an additional 133 shares during the period. Finally, Cornerstone Financial Management LLC acquired a new stake in shares of ONEOK in the 4th quarter worth approximately $29,000. Hedge funds and other institutional investors own 69.13% of the company’s stock.

ONEOK Stock Performance

NYSE OKE opened at $94.69 on Friday. The company has a quick ratio of 0.59, a current ratio of 0.74 and a debt-to-equity ratio of 1.34. ONEOK, Inc. has a fifty-two week low of $64.02 and a fifty-two week high of $97.90. The business has a fifty day moving average of $90.03 and a 200-day moving average of $88.16. The stock has a market cap of $59.69 billion, a price-to-earnings ratio of 16.33, a price-to-earnings-growth ratio of 2.69 and a beta of 0.73.

ONEOK (NYSE:OKE) last posted its quarterly earnings data on Monday, August 3rd. The utilities provider reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.07. The business had revenue of $12.05 billion for the quarter, compared to analyst estimates of $8.95 billion. ONEOK had a return on equity of 16.41% and a net margin of 9.29%.During the same quarter last year, the company earned $1.34 earnings per share. ONEOK has set its FY 2026 guidance at 5.680-5.680 EPS. As a group, analysts predict that ONEOK, Inc. will post 5.82 earnings per share for the current fiscal 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 paid a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend was Monday, August 3rd. ONEOK’s dividend payout ratio (DPR) is currently 73.79%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on OKE shares. Freedom Capital raised ONEOK from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 5th. Scotiabank lowered ONEOK from a “sector outperform” rating to a “sector perform” rating and lowered their target price for the company from $92.00 to $89.00 in a report on Thursday, April 30th. Raymond James Financial reaffirmed an “outperform” rating and set a $92.00 price target on shares of ONEOK in a research note on Thursday, April 30th. Morgan Stanley increased their price objective on shares of ONEOK from $103.00 to $105.00 and gave the company an “equal weight” rating in a research note on Tuesday. Finally, Royal Bank Of Canada upped their price target 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. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $91.94.

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.