ONEOK, Inc. $OKE Position Lessened by Wellington Management Group LLP

Wellington Management Group LLP lowered its position in ONEOK, Inc. (NYSE:OKE) by 8.7% during the 2nd quarter, Holdings Channel.com reports. The firm owned 1,451,667 shares of the utilities provider’s stock after selling 137,479 shares during the quarter. Wellington Management Group LLP’s holdings in ONEOK were worth $126,208,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of OKE. Pin Oak Investment Advisors Inc. acquired a new stake in shares of ONEOK during the second quarter worth approximately $28,000. Zions Bancorporation National Association UT raised its holdings in shares of 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 buying an additional 143 shares in the last quarter. Portus Wealth Advisors LLC acquired a new position in ONEOK in the first quarter valued at about $33,000. Transamerica Financial Advisors LLC raised its stake in shares of ONEOK by 69.6% during the 2nd quarter. Transamerica Financial Advisors LLC now owns 363 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 149 shares in the last quarter. Finally, Elyxium Wealth LLC bought a new stake in shares of ONEOK in the 4th quarter valued at about $29,000. Institutional investors own 69.13% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. TD Cowen boosted their target price on shares of ONEOK from $85.00 to $90.00 and gave the company a “hold” rating in a research report on Thursday, July 16th. UBS Group reissued a “neutral” rating and set a $108.00 target price on shares of ONEOK in a research report on Monday. Royal Bank Of Canada increased their price target on ONEOK from $84.00 to $90.00 and gave the stock a “sector perform” rating in a research note on Tuesday, July 21st. Weiss Ratings raised shares of ONEOK from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday. Finally, Scotiabank raised their price target on ONEOK from $89.00 to $95.00 and gave the company a “sector perform” rating in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $93.50.

ONEOK Price Performance

Shares of OKE opened at $95.79 on Wednesday. ONEOK, Inc. has a fifty-two week low of $64.02 and a fifty-two week high of $99.85. The firm’s 50-day simple moving average is $91.25 and its two-hundred day simple moving average is $88.92. The stock has a market cap of $60.38 billion, a PE ratio of 16.52, a price-to-earnings-growth ratio of 2.68 and a beta of 0.74. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.59 and a current ratio of 0.74.

ONEOK (NYSE:OKE) last announced its quarterly earnings data on Monday, August 3rd. The utilities provider reported $1.53 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $8.95 billion. During the same period in the prior year, the firm posted $1.34 EPS. ONEOK has set its FY 2026 guidance at 5.680-5.680 EPS. Analysts anticipate that ONEOK, Inc. will post 5.84 earnings per share for the current fiscal year.

ONEOK Dividend Announcement

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

Key Headlines Impacting ONEOK

Here are the key news stories impacting ONEOK this week:

• Positive Sentiment: The Brazos acquisition would more than double ONEOK’s Midland Basin processing capacity and expand its presence in the prolific Permian region. Management expects the deal to generate operating synergies, supporting long-term volume growth and cash flow. ONEOK Doubles Down on the Permian with $4.43 Billion Brazos Acquisition
• Positive Sentiment: Apollo Global Management is making a $9 billion nonvoting minority equity investment. ONEOK plans to use approximately $5 billion of the proceeds to repay debt, potentially improving leverage and reducing financing pressure while funding the Permian expansion. ONEOK’s $4.4 Billion Deal Comes With a $9 Billion Twist
• Positive Sentiment: JPMorgan raised its price target for OKE from $95 to $106, implying meaningful upside from the referenced share price. However, the firm maintained a neutral rating, indicating that the valuation and execution risks remain important considerations. JPMorgan Raises ONEOK Price Target
• Neutral Sentiment: Broader midstream companies have raised full-year guidance after a strong second quarter, reinforcing a favorable industry backdrop for ONEOK’s infrastructure and fee-based cash-flow model. Midstream Scales Up Natural Gas Infrastructure
• Negative Sentiment: The transaction involves substantial financing, corporate restructuring and debt tenders. Although Apollo’s investment is intended to support roughly $5 billion of debt repayment, investors may remain cautious about integration, execution, governance changes and the complexity of converting Apollo’s equity stake into debt investments.

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.