Candriam S.C.A. Boosts Stock Position in ONEOK, Inc. $OKE

Candriam S.C.A. boosted its stake in shares of ONEOK, Inc. (NYSE:OKE) by 13.9% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 70,947 shares of the utilities provider’s stock after purchasing an additional 8,654 shares during the period. Candriam S.C.A.’s holdings in ONEOK were worth $6,413,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the stock. Zions Bancorporation National Association UT boosted its stake in ONEOK by 73.3% in the 4th quarter. Zions Bancorporation National Association UT now owns 338 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 143 shares during the period. Elyxium Wealth LLC bought a new stake in shares of ONEOK during the fourth quarter valued at about $29,000. Cornerstone Financial Management LLC purchased a new stake in shares of ONEOK in the fourth quarter worth about $29,000. SRH Advisors LLC lifted its holdings in shares of ONEOK by 122.3% in the fourth quarter. SRH Advisors LLC now owns 438 shares of the utilities provider’s stock worth $32,000 after buying an additional 241 shares in the last quarter. Finally, Portus Wealth Advisors LLC bought a new position in shares of ONEOK in the first quarter valued at approximately $33,000. Hedge funds and other institutional investors own 69.13% of the company’s stock.

ONEOK Trading Up 2.5%

Shares of OKE stock opened at $92.17 on Tuesday. The business has a 50-day moving average of $88.72 and a 200 day moving average of $84.84. 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, Inc. has a 1-year low of $64.02 and a 1-year high of $96.07. The stock has a market capitalization of $58.08 billion, a PE ratio of 16.43, a P/E/G ratio of 6.72 and a beta of 0.73.

ONEOK (NYSE:OKE) last released its quarterly earnings data 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). The firm had revenue of $9.62 billion during the quarter, compared to analysts’ expectations of $8.23 billion. ONEOK had a net margin of 10.03% and a return on equity of 16.06%. During the same quarter in the previous year, the firm posted $1.04 EPS. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. As a group, sell-side analysts anticipate that ONEOK, Inc. will post 5.72 earnings per share for the current 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 given a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend was Monday, May 4th. ONEOK’s payout ratio is presently 76.29%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on OKE. Freedom Capital upgraded shares of ONEOK from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th. Wells Fargo & Company dropped their price objective on ONEOK from $100.00 to $98.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. TD Cowen boosted their target price on ONEOK from $80.00 to $85.00 and gave the stock a “hold” rating in a research report on Thursday, April 30th. JPMorgan Chase & Co. upped their target price on ONEOK from $91.00 to $92.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Finally, Scotiabank cut ONEOK from a “sector outperform” rating to a “sector perform” rating and lowered their price target for the company from $92.00 to $89.00 in a report on Thursday, April 30th. Eight research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $91.75.

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.