Savant Capital LLC Increases Stock Holdings in ONEOK, Inc. $OKE

Savant Capital LLC increased its holdings in shares of ONEOK, Inc. (NYSE:OKE) by 61.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 17,069 shares of the utilities provider’s stock after buying an additional 6,489 shares during the quarter. Savant Capital LLC’s holdings in ONEOK were worth $1,255,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of OKE. Brighton Jones LLC lifted its stake in shares of ONEOK by 137.1% during the 4th quarter. Brighton Jones LLC now owns 15,278 shares of the utilities provider’s stock worth $1,534,000 after acquiring an additional 8,834 shares during the last quarter. Empowered Funds LLC lifted its stake in shares of ONEOK by 0.8% during the 1st quarter. Empowered Funds LLC now owns 17,957 shares of the utilities provider’s stock worth $1,782,000 after acquiring an additional 137 shares during the last quarter. Acadian Asset Management LLC bought a new stake in shares of ONEOK during the 1st quarter worth approximately $216,000. Federated Hermes Inc. lifted its stake in shares of ONEOK by 14.0% during the 2nd quarter. Federated Hermes Inc. now owns 3,120 shares of the utilities provider’s stock worth $255,000 after acquiring an additional 383 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its stake in shares of ONEOK by 3.9% during the 2nd quarter. NewEdge Advisors LLC now owns 130,347 shares of the utilities provider’s stock worth $10,640,000 after acquiring an additional 4,902 shares during the last quarter. 69.13% of the stock is owned by institutional investors.

Analysts Set New Price Targets

OKE has been the subject of a number of research analyst reports. Citigroup raised their price target on ONEOK from $95.00 to $97.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Wall Street Zen raised ONEOK from a “sell” rating to a “hold” rating in a research report on Tuesday, May 26th. Mizuho set a $89.00 target price on ONEOK in a research report on Monday, February 23rd. Freedom Capital raised ONEOK from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th. Finally, Jefferies Financial Group lifted their target price on ONEOK from $98.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, April 8th. Eight investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, ONEOK currently has a consensus rating of “Hold” and an average price target of $91.88.

ONEOK Trading Up 1.2%

Shares of NYSE:OKE opened at $84.96 on Tuesday. ONEOK, Inc. has a 12-month low of $64.02 and a 12-month high of $96.07. The business’s fifty day simple moving average is $88.78 and its 200-day simple moving average is $81.47. The company has a market capitalization of $53.52 billion, a PE ratio of 15.14, a P/E/G ratio of 6.23 and a beta of 0.74. The company has a current ratio of 0.71, a quick ratio of 0.56 and a debt-to-equity ratio of 1.37.

ONEOK (NYSE:OKE) last announced its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $1.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.07). ONEOK had a net margin of 10.03% and a return on equity of 16.06%. The company had revenue of $9.62 billion during the quarter, compared to analysts’ expectations of $8.23 billion. During the same quarter in the prior year, the business posted $1.04 earnings per share. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. As a group, equities research analysts predict that ONEOK, Inc. will post 5.76 earnings per share for the current fiscal year.

ONEOK Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 4th were issued a $1.07 dividend. The ex-dividend date was Monday, May 4th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 5.0%. ONEOK’s dividend payout ratio (DPR) is currently 76.29%.

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.