Dimensional Fund Advisors LP Raises Stock Position in ONEOK, Inc. $OKE

Dimensional Fund Advisors LP lifted its position in shares of ONEOK, Inc. (NYSE:OKE) by 14.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,433,178 shares of the utilities provider’s stock after buying an additional 703,834 shares during the period. Dimensional Fund Advisors LP owned approximately 0.86% of ONEOK worth $396,462,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in OKE. Assetmark Inc. lifted its stake in ONEOK by 84.0% during the 2nd quarter. Assetmark Inc. now owns 4,047 shares of the utilities provider’s stock worth $330,000 after acquiring an additional 1,848 shares in the last quarter. National Pension Service increased its stake in ONEOK by 2.9% during the third quarter. National Pension Service now owns 857,949 shares of the utilities provider’s stock worth $62,605,000 after purchasing an additional 24,003 shares during the period. Hudson Edge Investment Partners Inc. lifted its position in shares of ONEOK by 34.1% during the third quarter. Hudson Edge Investment Partners Inc. now owns 87,667 shares of the utilities provider’s stock worth $6,397,000 after purchasing an additional 22,282 shares in the last quarter. Nordea Investment Management AB boosted its stake in shares of ONEOK by 7.5% in the third quarter. Nordea Investment Management AB now owns 777,262 shares of the utilities provider’s stock valued at $55,885,000 after purchasing an additional 54,444 shares during the period. Finally, Tectonic Advisors LLC grew its holdings in shares of ONEOK by 41.1% in the third quarter. Tectonic Advisors LLC now owns 188,842 shares of the utilities provider’s stock valued at $13,780,000 after purchasing an additional 55,024 shares in the last quarter. 69.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

OKE has been the topic of a number of research reports. Barclays reduced their target price on shares of ONEOK from $78.00 to $76.00 and set an “equal weight” rating on the stock in a report on Thursday, January 15th. Jefferies Financial Group began coverage on ONEOK in a research note on Tuesday, January 20th. They issued a “hold” rating and a $80.00 price objective on the stock. UBS Group lowered their target price on ONEOK from $114.00 to $103.00 and set a “buy” rating for the company in a research note on Thursday, January 22nd. Mizuho set a $89.00 price target on ONEOK in a report on Monday, February 23rd. Finally, Scotiabank reiterated an “outperform” rating and issued a $91.00 price objective on shares of ONEOK in a research note on Friday, January 16th. Seven equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, ONEOK has an average rating of “Hold” and a consensus price target of $86.07.

ONEOK Stock Performance

NYSE:OKE opened at $84.92 on Thursday. ONEOK, Inc. has a 12 month low of $64.02 and a 12 month high of $103.64. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.71 and a quick ratio of 0.56. The firm has a market capitalization of $53.48 billion, a PE ratio of 15.67, a price-to-earnings-growth ratio of 5.00 and a beta of 0.93. The business’s fifty day moving average price is $78.90 and its 200 day moving average price is $74.20.

ONEOK (NYSE:OKE) last released its quarterly earnings data on Monday, February 23rd. The utilities provider reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.50 by $0.05. ONEOK had a return on equity of 15.29% and a net margin of 10.09%.The business had revenue of $9.07 billion during the quarter, compared to analysts’ expectations of $8.77 billion. During the same period in the prior year, the firm posted $1.57 EPS. ONEOK has set its FY 2026 guidance at 5.040-5.870 EPS. On average, sell-side analysts anticipate that ONEOK, Inc. will post 5.07 earnings per share for the current fiscal year.

ONEOK Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Monday, February 2nd were issued a dividend of $1.07 per share. The ex-dividend date of this dividend was Monday, February 2nd. This is an increase from ONEOK’s previous quarterly dividend of $1.03. This represents a $4.28 dividend on an annualized basis and a yield of 5.0%. ONEOK’s dividend payout ratio is 78.97%.

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.