Natixis Advisors LLC Sells 108,009 Shares of ONEOK, Inc. $OKE

Natixis Advisors LLC lessened its stake in ONEOK, Inc. (NYSE:OKE) by 23.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 347,914 shares of the utilities provider’s stock after selling 108,009 shares during the quarter. Natixis Advisors LLC owned about 0.06% of ONEOK worth $25,387,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of ONEOK during the 2nd quarter worth $562,832,000. Boston Partners boosted its stake in ONEOK by 53.7% in the second quarter. Boston Partners now owns 5,509,100 shares of the utilities provider’s stock valued at $448,476,000 after buying an additional 1,924,864 shares in the last quarter. First Eagle Investment Management LLC grew its position in ONEOK by 24.2% in the third quarter. First Eagle Investment Management LLC now owns 7,769,215 shares of the utilities provider’s stock valued at $566,920,000 after acquiring an additional 1,513,042 shares during the last quarter. Vanguard Group Inc. grew its position in ONEOK by 1.7% in the second quarter. Vanguard Group Inc. now owns 76,510,971 shares of the utilities provider’s stock valued at $6,245,591,000 after acquiring an additional 1,314,002 shares during the last quarter. Finally, Man Group plc raised its stake in ONEOK by 292.1% during the second quarter. Man Group plc now owns 1,558,993 shares of the utilities provider’s stock worth $127,261,000 after acquiring an additional 1,161,352 shares in the last quarter. 69.13% of the stock is currently owned by institutional investors and hedge funds.

ONEOK Stock Performance

NYSE:OKE opened at $84.75 on Wednesday. The stock’s 50-day moving average is $79.89 and its 200-day moving average is $74.55. ONEOK, Inc. has a 1-year low of $64.02 and a 1-year high of $103.64. The company has a current ratio of 0.71, a quick ratio of 0.56 and a debt-to-equity ratio of 1.36. The stock has a market cap of $53.37 billion, a P/E ratio of 15.64, a price-to-earnings-growth ratio of 5.08 and a beta of 0.93.

ONEOK (NYSE:OKE) last issued its quarterly earnings data on Monday, February 23rd. The utilities provider reported $1.55 earnings per share (EPS) 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 business 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 earned $1.57 EPS. ONEOK has set its FY 2026 guidance at 5.040-5.870 EPS. Equities research analysts anticipate that ONEOK, Inc. will post 5.07 earnings per share for the current year.

ONEOK Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Monday, February 2nd were paid 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 annualized dividend and a dividend yield of 5.1%. ONEOK’s payout ratio is 78.97%.

Analysts Set New Price Targets

A number of research analysts have recently commented on OKE shares. Scotiabank reissued an “outperform” rating and issued a $91.00 target price on shares of ONEOK in a report on Friday, January 16th. Jefferies Financial Group assumed coverage on shares of ONEOK in a research report on Tuesday, January 20th. They set a “hold” rating and a $80.00 price objective for the company. Morgan Stanley reissued an “overweight” rating and issued a $104.00 price objective on shares of ONEOK in a research note on Wednesday, January 28th. Wells Fargo & Company cut their target price on shares of ONEOK from $82.00 to $79.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 25th. Finally, Barclays boosted their target price on shares of ONEOK from $76.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 5th. Seven research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $86.47.

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.