Kayne Anderson Capital Advisors LP Has $259.92 Million Position in ONEOK, Inc. $OKE

Kayne Anderson Capital Advisors LP lifted its stake in ONEOK, Inc. (NYSE:OKE) by 3.0% in the 3rd quarter, HoldingsChannel reports. The firm owned 3,562,032 shares of the utilities provider’s stock after acquiring an additional 103,524 shares during the period. ONEOK makes up 5.7% of Kayne Anderson Capital Advisors LP’s portfolio, making the stock its 8th largest holding. Kayne Anderson Capital Advisors LP’s holdings in ONEOK were worth $259,921,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of OKE. City Holding Co. bought a new position in shares of ONEOK in the third quarter worth about $28,000. Winnow Wealth LLC bought a new position in shares of ONEOK during the 3rd quarter valued at approximately $28,000. Global Wealth Strategies & Associates purchased a new stake in ONEOK in the 3rd quarter worth approximately $29,000. Financial Consulate Inc. bought a new stake in ONEOK during the 3rd quarter worth approximately $29,000. Finally, Access Investment Management LLC purchased a new position in ONEOK during the second quarter valued at approximately $33,000. 69.13% of the stock is owned by institutional investors.

ONEOK Stock Down 5.1%

Shares of NYSE OKE opened at $82.89 on Wednesday. The firm’s 50-day moving average price is $77.52 and its 200-day moving average price is $73.79. The company has a current ratio of 0.90, a quick ratio of 0.75 and a debt-to-equity ratio of 1.44. The stock has a market capitalization of $52.16 billion, a price-to-earnings ratio of 15.29, a P/E/G ratio of 4.90 and a beta of 0.96. ONEOK, Inc. has a 12-month low of $64.02 and a 12-month high of $103.64.

ONEOK (NYSE:OKE) last released its quarterly earnings results on Monday, February 23rd. The utilities provider reported $1.55 EPS for the quarter, topping the consensus estimate of $1.50 by $0.05. ONEOK had a return on equity of 15.38% and a net margin of 10.09%.The company had revenue of $9.07 billion during the quarter, compared to analyst estimates of $8.77 billion. During the same quarter last year, the business posted $1.57 earnings per share. ONEOK has set its FY 2026 guidance at 5.040-5.870 EPS. On average, equities research analysts anticipate that ONEOK, Inc. will post 5.07 EPS for the current fiscal year.

ONEOK Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Monday, February 2nd were issued a $1.07 dividend. This is a positive change from ONEOK’s previous quarterly dividend of $1.03. The ex-dividend date was Monday, February 2nd. This represents a $4.28 dividend on an annualized basis and a dividend yield of 5.2%. ONEOK’s dividend payout ratio (DPR) is presently 78.97%.

ONEOK News Roundup

Here are the key news stories impacting ONEOK this week:

• Positive Sentiment: Q4 results beat estimates: EPS $1.55 vs. $1.50 consensus, full‑year net income +11% and adjusted EBITDA +18%, demonstrating solid operating performance. ONEOK Announces Higher Full-Year 2025 Earnings
• Positive Sentiment: Management framed 2025 as a “defining year” — delivering double‑digit earnings growth, margin expansion, integration of acquisitions and a stronger balance sheet, which supports a long‑term growth story. ONEOK (OKE) Q4 2025 Earnings Call Transcript
• Positive Sentiment: ONEOK highlighted shareholder returns (dividend increases referenced in coverage) and reiterated disciplined capital allocation, which is supportive for income‑oriented investors. ONEOK (OKE) Q4 2025 Earnings: What You Need to Know
• Neutral Sentiment: Shares have run up YTD and analysts are re‑examining valuation after the rally; this raises sensitivity to guidance and forward estimates. Is It Time To Reassess ONEOK (OKE) After Its Mixed Share Price Performance
• Negative Sentiment: FY‑2026 EPS guidance of $5.040–$5.870 was below consensus (~$5.83 at announcement), and investors cited the tepid guidance as the primary reason for the share decline. Why Oneok Fell Today
• Negative Sentiment: Segment weakness: Reuters highlights a drop in natural gas transportation earnings tied to a 2024 interstate pipeline divestiture, which weighed on quarterly profit. ONEOK quarterly profit falls as pipeline divestiture impacts gas segment earnings

Analyst Upgrades and Downgrades

OKE has been the topic of a number of analyst reports. Scotiabank restated an “outperform” rating and set a $91.00 target price on shares of ONEOK in a research note on Friday, January 16th. The Goldman Sachs Group restated a “neutral” rating and issued a $72.00 price objective on shares of ONEOK in a research report on Monday, November 3rd. Wells Fargo & Company dropped their price objective on ONEOK from $90.00 to $82.00 and set an “equal weight” rating for the company in a research note on Thursday, October 30th. Argus raised ONEOK from a “hold” rating to a “buy” rating and set a $79.00 target price on the stock in a research note on Thursday, November 6th. Finally, Stifel Nicolaus set a $94.00 price target on ONEOK in a report on Thursday, October 30th. Seven investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, ONEOK presently has a consensus rating of “Hold” and a consensus price target of $86.27.

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.