NewEdge Wealth LLC Buys Shares of 13,598 ONEOK, Inc. $OKE

NewEdge Wealth LLC purchased a new position in shares of ONEOK, Inc. (NYSE:OKE) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 13,598 shares of the utilities provider’s stock, valued at approximately $1,182,000.

A number of other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in ONEOK by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 77,603,334 shares of the utilities provider’s stock worth $5,703,845,000 after buying an additional 380,744 shares during the last quarter. BlackRock Inc. boosted its position in ONEOK by 8.7% during the second quarter. BlackRock Inc. now owns 64,537,467 shares of the utilities provider’s stock valued at $5,610,887,000 after acquiring an additional 5,148,768 shares during the last quarter. State Street Corp grew its holdings in ONEOK by 1.7% during the 4th quarter. State Street Corp now owns 38,450,591 shares of the utilities provider’s stock worth $2,826,118,000 after acquiring an additional 648,647 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of ONEOK by 2.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 22,634,512 shares of the utilities provider’s stock worth $1,663,637,000 after acquiring an additional 599,248 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of ONEOK by 3.2% in the 4th quarter. Geode Capital Management LLC now owns 16,596,172 shares of the utilities provider’s stock worth $1,215,107,000 after acquiring an additional 518,746 shares in the last quarter. 69.13% of the stock is owned by institutional investors.

ONEOK Price Performance

OKE stock opened at $93.43 on Friday. The business has a 50-day simple moving average of $90.09 and a two-hundred day simple moving average of $88.20. ONEOK, Inc. has a 52-week low of $64.02 and a 52-week high of $97.90. The company has a market capitalization of $58.90 billion, a P/E ratio of 16.11, a price-to-earnings-growth ratio of 2.64 and a beta of 0.73. 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 released its quarterly earnings results on Monday, August 3rd. The utilities provider reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.07. ONEOK had a return on equity of 16.41% and a net margin of 9.29%.The business had revenue of $12.05 billion during the quarter, compared to analyst estimates 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. Research analysts expect that ONEOK, Inc. will post 5.84 EPS for the current fiscal year.

ONEOK Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Monday, August 3rd were issued a $1.07 dividend. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $4.28 annualized dividend and a dividend yield of 4.6%. ONEOK’s dividend payout ratio is currently 73.79%.

Analyst Upgrades and Downgrades

OKE has been the topic of several research analyst reports. TD Cowen upped their target price on ONEOK from $85.00 to $90.00 and gave the company a “hold” rating in a research report on Thursday, July 16th. Freedom Capital raised ONEOK from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 5th. Wall Street Zen upgraded ONEOK from a “sell” rating to a “hold” rating in a report on Sunday, August 9th. US Capital Advisors lowered shares of ONEOK from a “strong-buy” rating to a “moderate buy” rating in a research note on Thursday. Finally, Scotiabank lowered shares of ONEOK from a “sector outperform” rating to a “sector perform” rating and cut their target price for the stock from $92.00 to $89.00 in a research note on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, ONEOK currently has a consensus rating of “Moderate Buy” and a consensus target price of $91.94.

ONEOK News Roundup

Here are the key news stories impacting ONEOK this week:

• Positive Sentiment: US Capital Advisors raised its EPS forecasts across multiple periods, including Q3 2026 to $1.56 from $1.45, FY2026 to $5.90 from $5.67, FY2027 to $6.36 from $6.12, and FY2028 to $7.22 from $6.97. The firm’s FY2026 estimate is above the $5.82 analyst consensus, suggesting stronger expected operating performance. MarketBeat ONEOK analyst estimates
• Positive Sentiment: The revisions also lifted forecasts for Q1 through Q4 2027, indicating that US Capital Advisors expects ONEOK’s earnings growth to continue beyond 2026.
• Positive Sentiment: Recent commentary describes ONEOK as a high-yield pipeline stock whose ongoing strength may be underestimated by investors, supporting the long-term income and growth narrative. High-Yield Pipeline Stock Investors Keep Underestimating
• Neutral Sentiment: Analysts maintain a consensus “Moderate Buy” rating for OKE, while Morgan Stanley has indicated that the stock could rise. These views provide support but do not represent new company-specific operating results. ONEOK Consensus Rating Morgan Stanley ONEOK Price Outlook
• Negative Sentiment: US Capital Advisors downgraded ONEOK from “Strong Buy” to “Moderate Buy.” Although the firm raised its earnings estimates, the less-optimistic rating may be pressuring the stock today, particularly after OKE’s recent strong run toward its 52-week high. Zacks ONEOK rating update

About ONEOK

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.