ONEOK, Inc. $OKE Shares Purchased by ProShare Advisors LLC

ProShare Advisors LLC raised its holdings in ONEOK, Inc. (NYSE:OKE) by 7.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 214,027 shares of the utilities provider’s stock after purchasing an additional 14,200 shares during the quarter. ProShare Advisors LLC’s holdings in ONEOK were worth $15,731,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Winnow Wealth LLC purchased a new stake in shares of ONEOK in the third quarter valued at approximately $28,000. Elyxium Wealth LLC purchased a new position in ONEOK in the fourth quarter worth $29,000. SRH Advisors LLC lifted its holdings in ONEOK by 122.3% in the fourth quarter. SRH Advisors LLC now owns 438 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 241 shares during the period. AXS Investments LLC purchased a new stake in shares of ONEOK during the 3rd quarter worth $35,000. Finally, Accredited Wealth Management LLC boosted its position in shares of ONEOK by 342.5% during the 3rd quarter. Accredited Wealth Management LLC now owns 500 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 387 shares in the last quarter. Institutional investors and hedge funds own 69.13% of the company’s stock.

Analyst Ratings Changes

OKE has been the subject of a number of research analyst reports. 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. Jefferies Financial Group upped their target price on shares of ONEOK from $98.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, April 8th. Citigroup increased their target price on shares of ONEOK from $95.00 to $97.00 and gave the company a “buy” rating in a report on Thursday, May 7th. JPMorgan Chase & Co. lifted their price target 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. Finally, Barclays boosted their price target on ONEOK from $82.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 30th. Eight analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $91.88.

ONEOK Price Performance

Shares of NYSE OKE opened at $92.13 on Thursday. The company has a current ratio of 0.71, a quick ratio of 0.56 and a debt-to-equity ratio of 1.37. The company’s 50-day moving average price is $88.22 and its 200 day moving average price is $80.20. ONEOK, Inc. has a 52 week low of $64.02 and a 52 week high of $96.07. The stock has a market cap of $58.04 billion, a price-to-earnings ratio of 16.42, a PEG ratio of 6.92 and a beta of 0.78.

ONEOK (NYSE:OKE) last announced its earnings results 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). ONEOK had a return on equity of 16.06% and a net margin of 10.03%.The business had revenue of $9.62 billion for the quarter, compared to analyst estimates of $8.23 billion. 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, research analysts forecast that ONEOK, Inc. will post 5.76 earnings per share for the current fiscal year.

ONEOK Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 4th were given a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a dividend yield of 4.6%. The ex-dividend date was Monday, May 4th. ONEOK’s payout ratio is currently 76.29%.

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.