ONEOK, Inc. $OKE Shares Bought by Fifth Third Bancorp

Fifth Third Bancorp raised its position in ONEOK, Inc. (NYSE:OKE) by 646.2% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 166,487 shares of the utilities provider’s stock after buying an additional 144,175 shares during the quarter. Fifth Third Bancorp’s holdings in ONEOK were worth $15,049,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of OKE. WBI Investments LLC raised its stake in shares of ONEOK by 221.5% during the 3rd quarter. WBI Investments LLC now owns 35,768 shares of the utilities provider’s stock worth $2,610,000 after buying an additional 24,643 shares in the last quarter. Coldstream Capital Management Inc. lifted its holdings in shares of ONEOK by 20.1% in the 3rd quarter. Coldstream Capital Management Inc. now owns 46,899 shares of the utilities provider’s stock valued at $3,422,000 after buying an additional 7,843 shares during the period. Aberdeen Group plc boosted its stake in shares of ONEOK by 46.0% in the fourth quarter. Aberdeen Group plc now owns 957,663 shares of the utilities provider’s stock valued at $70,388,000 after buying an additional 301,654 shares in the last quarter. Swiss Life Asset Management Ltd boosted its stake in shares of ONEOK by 219.5% in the fourth quarter. Swiss Life Asset Management Ltd now owns 1,522,404 shares of the utilities provider’s stock valued at $111,897,000 after buying an additional 1,045,976 shares in the last quarter. Finally, Triune Financial Partners LLC acquired a new position in ONEOK during the fourth quarter worth $1,151,000. Hedge funds and other institutional investors own 69.13% of the company’s stock.

ONEOK Stock Performance

NYSE OKE opened at $91.97 on Wednesday. The business has a 50 day moving average price of $88.76 and a 200 day moving average price of $84.97. The company has a market capitalization of $57.96 billion, a P/E ratio of 16.39, a PEG ratio of 6.89 and a beta of 0.73. ONEOK, Inc. has a 1-year low of $64.02 and a 1-year 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 posted its earnings results 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 analysts’ expectations 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 previous year, the firm posted $1.04 earnings per share. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. Sell-side analysts expect that ONEOK, Inc. will post 5.72 EPS for the current fiscal year.

ONEOK Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 4th were paid a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend was Monday, May 4th. ONEOK’s payout ratio is 76.29%.

Analyst Ratings Changes

Several research analysts have issued reports on OKE shares. Jefferies Financial Group increased their price objective on ONEOK from $98.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, April 8th. Truist Financial upped their price target on shares of ONEOK from $91.00 to $93.00 and gave the stock a “hold” rating in a research note on Monday, May 4th. Morgan Stanley increased their price target on shares of ONEOK from $104.00 to $113.00 and gave the company an “overweight” rating in a report on Tuesday, April 7th. Royal Bank Of Canada raised their price objective on shares of ONEOK from $79.00 to $84.00 and gave the company a “sector perform” rating in a research note on Thursday, March 19th. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $92.00 price objective on shares of ONEOK in a research note on Thursday, April 30th. Eight investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $91.75.

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.