UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 45,407 Shares of ONEOK, Inc. $OKE

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in ONEOK, Inc. (NYSE:OKE) by 1.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,710,704 shares of the utilities provider’s stock after acquiring an additional 45,407 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.59% of ONEOK worth $322,609,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Pin Oak Investment Advisors Inc. acquired a new stake in ONEOK during the 2nd quarter worth about $28,000. Zions Bancorporation National Association UT lifted its stake in shares of ONEOK by 73.3% in the 4th quarter. Zions Bancorporation National Association UT now owns 338 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 143 shares during the period. Portus Wealth Advisors LLC bought a new stake in shares of ONEOK during the 1st quarter valued at about $33,000. Transamerica Financial Advisors LLC boosted its position in shares of ONEOK by 69.6% during the 2nd quarter. Transamerica Financial Advisors LLC now owns 363 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 149 shares in the last quarter. Finally, Elyxium Wealth LLC acquired a new stake in ONEOK during the fourth quarter worth approximately $29,000. 69.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on OKE. Freedom Capital raised ONEOK from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 5th. TD Cowen raised their price objective on shares of ONEOK from $85.00 to $90.00 and gave the stock a “hold” rating in a research report on Thursday, July 16th. Wall Street Zen upgraded shares of ONEOK from a “sell” rating to a “hold” rating in a research note on Sunday, August 9th. Truist Financial boosted their target price on shares of ONEOK from $91.00 to $93.00 and gave the company a “hold” rating in a research report on Monday, May 4th. Finally, Citigroup increased their target price on shares of ONEOK from $95.00 to $97.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, ONEOK currently has an average rating of “Moderate Buy” and an average target price of $92.25.

ONEOK News Roundup

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.

ONEOK Trading Up 1.4%

NYSE OKE opened at $96.11 on Tuesday. 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 52 week low of $64.02 and a 52 week high of $97.90. The business has a 50 day moving average price of $91.09 and a 200-day moving average price of $88.84. The company has a market cap of $60.58 billion, a price-to-earnings ratio of 16.57, a P/E/G ratio of 2.64 and a beta of 0.73.

ONEOK (NYSE:OKE) last posted its quarterly earnings results on Monday, August 3rd. The utilities provider reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.07. The business had revenue of $12.05 billion during the quarter, compared to the consensus estimate of $8.95 billion. ONEOK had a net margin of 9.29% and a return on equity of 16.41%. During the same quarter last year, the firm posted $1.34 EPS. ONEOK has set its FY 2026 guidance at 5.680-5.680 EPS. As a group, equities analysts expect that ONEOK, Inc. will post 5.84 earnings per share for the current fiscal year.

ONEOK Announces Dividend

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

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.