KBC Group NV Has $5.63 Million Position in ONEOK, Inc. $OKE

KBC Group NV raised its holdings in ONEOK, Inc. (NYSE:OKE) by 21.1% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 64,798 shares of the utilities provider’s stock after purchasing an additional 11,281 shares during the period. KBC Group NV’s holdings in ONEOK were worth $5,634,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in OKE. Zions Bancorporation National Association UT boosted its position in shares of ONEOK by 73.3% during the 4th quarter. Zions Bancorporation National Association UT now owns 338 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 143 shares in the last quarter. Portus Wealth Advisors LLC acquired a new position in ONEOK in the first quarter worth about $33,000. Elyxium Wealth LLC acquired a new position in ONEOK in the fourth quarter worth about $29,000. Wilkerson Advisory Group LLC lifted its stake in ONEOK by 51.4% during the first quarter. Wilkerson Advisory Group LLC now owns 392 shares of the utilities provider’s stock worth $35,000 after purchasing an additional 133 shares during the period. Finally, Cornerstone Financial Management LLC bought a new position in ONEOK during the fourth quarter worth about $29,000. Institutional investors and hedge funds own 69.13% of the company’s stock.

ONEOK Price Performance

NYSE:OKE opened at $94.99 on Friday. The company has a quick ratio of 0.59, a current ratio of 0.74 and a debt-to-equity ratio of 1.34. The firm has a market cap of $59.88 billion, a PE ratio of 16.38, a price-to-earnings-growth ratio of 4.95 and a beta of 0.73. ONEOK, Inc. has a 12 month low of $64.02 and a 12 month high of $96.07. The company’s 50-day moving average price is $89.48 and its two-hundred day moving average price is $87.61.

ONEOK (NYSE:OKE) last posted its quarterly earnings data on Monday, August 3rd. The utilities provider reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.07. ONEOK had a net margin of 9.29% and a return on equity of 16.41%. The company had revenue of $12.05 billion during the quarter, compared to analyst estimates of $8.95 billion. During the same quarter last year, the business posted $1.34 earnings per share. ONEOK has set its FY 2026 guidance at 5.680-5.680 EPS. On average, equities analysts anticipate that ONEOK, Inc. will post 5.87 EPS for the current fiscal year.

ONEOK Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Monday, August 3rd were given a dividend of $1.07 per share. The ex-dividend date was Monday, August 3rd. This represents a $4.28 dividend on an annualized basis and a yield of 4.5%. ONEOK’s dividend payout ratio is 73.79%.

Analyst Ratings Changes

OKE has been the topic of a number of recent research reports. Morgan Stanley reaffirmed an “equal weight” rating and set a $103.00 price objective (down from $113.00) on shares of ONEOK in a report on Wednesday, July 29th. JPMorgan Chase & Co. increased their target price on ONEOK from $91.00 to $92.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Freedom Capital upgraded ONEOK from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 5th. Wall Street Zen raised ONEOK from a “sell” rating to a “hold” rating in a research note on Sunday, August 9th. Finally, Barclays lowered their price target on ONEOK from $90.00 to $88.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $91.81.

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.