Crawford Investment Counsel Inc. Increases Stock Holdings in ONEOK, Inc. $OKE

Crawford Investment Counsel Inc. increased its holdings in ONEOK, Inc. (NYSE:OKE) by 2.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 292,135 shares of the utilities provider’s stock after purchasing an additional 8,362 shares during the period. Crawford Investment Counsel Inc.’s holdings in ONEOK were worth $21,472,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in OKE. Brighton Jones LLC grew its position in shares of ONEOK by 137.1% in the fourth quarter. Brighton Jones LLC now owns 15,278 shares of the utilities provider’s stock valued at $1,534,000 after purchasing an additional 8,834 shares during the period. Empowered Funds LLC grew its position in ONEOK by 0.8% during the first quarter. Empowered Funds LLC now owns 17,957 shares of the utilities provider’s stock valued at $1,782,000 after acquiring an additional 137 shares during the period. Acadian Asset Management LLC purchased a new stake in ONEOK during the first quarter valued at about $216,000. Federated Hermes Inc. grew its position in ONEOK by 14.0% during the second quarter. Federated Hermes Inc. now owns 3,120 shares of the utilities provider’s stock valued at $255,000 after acquiring an additional 383 shares during the period. Finally, NewEdge Advisors LLC grew its position in ONEOK by 3.9% during the second quarter. NewEdge Advisors LLC now owns 130,347 shares of the utilities provider’s stock valued at $10,640,000 after acquiring an additional 4,902 shares during the period. Hedge funds and other institutional investors own 69.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on OKE. TD Cowen boosted their price target on ONEOK from $80.00 to $85.00 and gave the company a “hold” rating in a research report on Thursday, April 30th. Mizuho set a $89.00 price target on ONEOK in a research report on Monday, February 23rd. Weiss Ratings raised ONEOK from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, May 18th. Citigroup boosted their price target on ONEOK from $95.00 to $97.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Finally, Wall Street Zen raised ONEOK from a “sell” rating to a “hold” rating in a research report on Tuesday, May 26th. Eight investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $91.88.

ONEOK Trading Down 1.4%

Shares of OKE opened at $86.22 on Wednesday. The stock’s 50-day moving average is $88.25 and its two-hundred day moving average is $82.88. The stock has a market cap of $54.32 billion, a PE ratio of 15.37, a P/E/G ratio of 6.54 and a beta of 0.74. ONEOK, Inc. has a 12 month low of $64.02 and a 12 month high of $96.07. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.71 and a quick ratio of 0.56.

ONEOK (NYSE:OKE) last issued its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $1.23 EPS for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.07). The company had revenue of $9.62 billion for the quarter, compared to analyst estimates of $8.23 billion. ONEOK had a return on equity of 16.06% and a net margin of 10.03%.During the same quarter in the prior year, the firm earned $1.04 EPS. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. Equities analysts forecast that ONEOK, Inc. will post 5.72 earnings per share for the current fiscal year.

ONEOK Announces Dividend

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

ONEOK 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.