17,611 Shares in ONEOK, Inc. $OKE Purchased by Quantitative Investment Management LLC

Quantitative Investment Management LLC acquired a new stake in ONEOK, Inc. (NYSE:OKE) in the second quarter, HoldingsChannel.com reports. The fund acquired 17,611 shares of the utilities provider’s stock, valued at approximately $1,531,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. BlackRock Inc. lifted its holdings in shares of ONEOK by 8.7% in the 2nd quarter. BlackRock Inc. now owns 64,537,467 shares of the utilities provider’s stock valued at $5,610,887,000 after buying an additional 5,148,768 shares during the period. State Street Corp lifted its holdings in ONEOK by 1.7% in the fourth quarter. State Street Corp now owns 38,450,591 shares of the utilities provider’s stock valued at $2,826,118,000 after acquiring an additional 648,647 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in ONEOK by 2.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 22,634,512 shares of the utilities provider’s stock valued at $1,663,637,000 after acquiring an additional 599,248 shares during the period. Geode Capital Management LLC boosted its position in shares of ONEOK by 3.2% during the 4th quarter. Geode Capital Management LLC now owns 16,596,172 shares of the utilities provider’s stock worth $1,215,107,000 after purchasing an additional 518,746 shares in the last quarter. Finally, First Eagle Investment Management LLC grew its stake in shares of ONEOK by 46.3% during the 4th quarter. First Eagle Investment Management LLC now owns 11,365,304 shares of the utilities provider’s stock worth $835,350,000 after purchasing an additional 3,596,089 shares during the period. Institutional investors and hedge funds own 69.13% of the company’s stock.

ONEOK Trading Up 1.4%

NYSE:OKE opened at $96.11 on Tuesday. ONEOK, Inc. has a 52-week low of $64.02 and a 52-week high of $97.90. 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 stock has a fifty day simple moving average of $91.09 and a 200-day simple moving average of $88.84. The company has a market capitalization of $60.58 billion, a PE ratio of 16.57, a price-to-earnings-growth ratio of 2.64 and a beta of 0.73.

ONEOK (NYSE:OKE) last issued 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 firm had revenue of $12.05 billion for the quarter, compared to analysts’ expectations of $8.95 billion. ONEOK had a net margin of 9.29% and a return on equity of 16.41%. During the same period in the prior year, the company earned $1.34 EPS. ONEOK has set its FY 2026 guidance at 5.680-5.680 EPS. On average, equities research analysts expect that ONEOK, Inc. will post 5.84 earnings per share for the current fiscal year.

ONEOK Dividend Announcement

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

Key ONEOK News

Here are the key news stories impacting ONEOK this week:

• Positive Sentiment: ONEOK agreed to acquire Brazos Midstream’s natural-gas gathering and processing assets in the Midland Basin for approximately $4.425 billion. The deal is expected to more than double ONEOK’s Midland Basin processing capacity, expand its Permian footprint and provide immediate earnings and free-cash-flow-per-share accretion. ONEOK to Acquire Brazos Midstream’s Permian Midland Basin Assets
• Positive Sentiment: Funds managed by Apollo Global Management will make a $9 billion nonvoting minority equity investment. ONEOK plans to use $5 billion of the proceeds to retire debt, accelerating deleveraging to an estimated 3.25 times debt-to-EBITDA and preserving flexibility for organic investment, potential dividend increases and share repurchases. ONEOK’s $4.4 Billion Deal Comes With a $9 Billion Twist
• Positive Sentiment: Management said the acquisition supports the high end of its mid- to high-single-digit adjusted EBITDA growth target over the next five to seven years. The transaction is valued at roughly 7.5 times estimated 2027 EBITDA, including $80 million in annual synergies, and 6 times estimated 2028 EBITDA. ONEOK Bets $4.425 Billion on Brazos Assets
• Neutral Sentiment: Analysts and market commentary continue to highlight ONEOK’s strong cash-generation profile, dividend appeal and momentum. However, after a 133.5% five-year total return and a stock price near its 52-week high, opinions differ on whether the shares remain undervalued. ONEOK Stock Still Looks Like a Bargain on Cash Flow
• Negative Sentiment: The large acquisition and corporate reorganization introduce execution, integration and financing risks. Apollo’s minority investment may also reduce existing shareholders’ proportional economic interest, while the expanded asset base increases ONEOK’s exposure to Permian production volumes and operating performance.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Citigroup increased their price target on shares of ONEOK from $95.00 to $97.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Freedom Capital upgraded shares of ONEOK from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 5th. Barclays dropped their target price on shares of ONEOK from $90.00 to $88.00 and set an “equal weight” rating for the company in a report on Wednesday, July 8th. JPMorgan Chase & Co. lifted their price target on shares of ONEOK from $91.00 to $92.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Finally, US Capital Advisors lowered ONEOK from a “strong-buy” rating to a “moderate buy” rating in a research note on Thursday, August 20th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, ONEOK presently has an average rating of “Moderate Buy” and an average target price of $92.25.

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.