ONEOK, Inc. $OKE Shares Bought by North Star Investment Management Corp.

North Star Investment Management Corp. grew its position in ONEOK, Inc. (NYSE:OKE) by 414.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,673 shares of the utilities provider’s stock after purchasing an additional 23,903 shares during the quarter. North Star Investment Management Corp.’s holdings in ONEOK were worth $2,682,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in OKE. Legal & General Group Plc lifted its position in ONEOK by 1.6% during the 3rd quarter. Legal & General Group Plc now owns 5,218,376 shares of the utilities provider’s stock worth $380,785,000 after acquiring an additional 80,683 shares during the period. Russell Investments Group Ltd. increased its holdings in shares of ONEOK by 1.4% in the third quarter. Russell Investments Group Ltd. now owns 1,232,011 shares of the utilities provider’s stock valued at $89,910,000 after purchasing an additional 16,871 shares during the period. WBI Investments LLC raised its stake in shares of ONEOK by 221.5% in the third quarter. WBI Investments LLC now owns 35,768 shares of the utilities provider’s stock worth $2,610,000 after purchasing an additional 24,643 shares during the last quarter. Coldstream Capital Management Inc. lifted its holdings in shares of ONEOK by 20.1% during the third quarter. Coldstream Capital Management Inc. now owns 46,899 shares of the utilities provider’s stock worth $3,422,000 after purchasing an additional 7,843 shares during the period. Finally, Aberdeen Group plc lifted its holdings in shares of ONEOK by 46.0% during the fourth quarter. Aberdeen Group plc now owns 957,663 shares of the utilities provider’s stock worth $70,388,000 after purchasing an additional 301,654 shares during the period. 69.13% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on OKE shares. Freedom Capital raised shares of ONEOK from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th. Truist Financial upped their price objective on shares of ONEOK from $91.00 to $93.00 and gave the company a “hold” rating in a report on Monday, May 4th. Citigroup increased their price objective on shares of ONEOK from $95.00 to $97.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. TD Cowen raised their target price on shares of ONEOK from $80.00 to $85.00 and gave the stock a “hold” rating in a report on Thursday, April 30th. Finally, JPMorgan Chase & Co. boosted their target price on shares of ONEOK from $91.00 to $92.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Eight investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, ONEOK currently has an average rating of “Hold” and a consensus target price of $91.88.

ONEOK Trading Down 0.0%

Shares of NYSE:OKE opened at $89.18 on Monday. ONEOK, Inc. has a 12-month low of $64.02 and a 12-month high of $96.07. The company has a market capitalization of $56.20 billion, a PE ratio of 15.90, a PEG ratio of 6.67 and a beta of 0.74. The business has a 50 day moving average of $88.32 and a two-hundred day moving average of $83.61. 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 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 firm 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 period in the previous year, the business earned $1.04 EPS. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. As a group, analysts forecast that ONEOK, Inc. will post 5.72 EPS for the current year.

ONEOK Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 4th were issued a dividend of $1.07 per share. The ex-dividend date of this dividend was Monday, May 4th. This represents a $4.28 dividend on an annualized basis and a yield of 4.8%. ONEOK’s dividend payout ratio is 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.