Dynamic Technology Lab Private Ltd Acquires Shares of 10,924 ONEOK, Inc. $OKE

Dynamic Technology Lab Private Ltd bought a new position in ONEOK, Inc. (NYSE:OKE) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 10,924 shares of the utilities provider’s stock, valued at approximately $797,000.

Several other institutional investors and hedge funds also recently made changes to their positions in OKE. City Holding Co. bought a new position in shares of ONEOK during the third quarter valued at about $28,000. Winnow Wealth LLC bought a new stake in ONEOK in the 3rd quarter worth about $28,000. Global Wealth Strategies & Associates bought a new stake in ONEOK in the 3rd quarter worth about $29,000. Financial Consulate Inc. purchased a new stake in ONEOK in the 3rd quarter valued at about $29,000. Finally, Twin Peaks Wealth Advisors LLC purchased a new stake in ONEOK in the 2nd quarter valued at about $34,000. Hedge funds and other institutional investors own 69.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on OKE. Barclays boosted their target price on ONEOK from $76.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Thursday. Jefferies Financial Group began coverage on ONEOK in a research report on Tuesday, January 20th. They set a “hold” rating and a $80.00 price target for the company. Wolfe Research lowered ONEOK from an “outperform” rating to a “peer perform” rating in a report on Wednesday, February 25th. Scotiabank reissued an “outperform” rating and issued a $91.00 price objective on shares of ONEOK in a research report on Friday, January 16th. Finally, Wells Fargo & Company reduced their price objective on ONEOK from $82.00 to $79.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 25th. Seven research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $86.47.

ONEOK Stock Down 1.3%

OKE opened at $85.84 on Tuesday. The company has a quick ratio of 0.56, a current ratio of 0.71 and a debt-to-equity ratio of 1.36. The stock has a market cap of $54.06 billion, a price-to-earnings ratio of 15.84, a PEG ratio of 5.13 and a beta of 0.93. ONEOK, Inc. has a twelve month low of $64.02 and a twelve month high of $103.64. The company’s 50-day moving average price is $79.67 and its two-hundred day moving average price is $74.48.

ONEOK (NYSE:OKE) last released its earnings results on Monday, February 23rd. The utilities provider reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.50 by $0.05. ONEOK had a net margin of 10.09% and a return on equity of 15.29%. The firm had revenue of $9.07 billion during the quarter, compared to the consensus estimate of $8.77 billion. During the same period in the prior year, the firm earned $1.57 EPS. ONEOK has set its FY 2026 guidance at 5.040-5.870 EPS. As a group, equities analysts expect that ONEOK, Inc. will post 5.07 earnings per share for the current year.

ONEOK Increases Dividend

The company 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. This represents a $4.28 annualized dividend and a yield of 5.0%. This is a positive change from ONEOK’s previous quarterly dividend of $1.03. The ex-dividend date of this dividend was Monday, February 2nd. ONEOK’s dividend payout ratio is currently 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.