Dearborn Partners LLC Makes New $7.86 Million Investment in ONEOK, Inc. $OKE

Dearborn Partners LLC acquired a new position in ONEOK, Inc. (NYSE:OKE) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 86,960 shares of the utilities provider’s stock, valued at approximately $7,860,000.

Other hedge funds also recently made changes to their positions in the company. Zions Bancorporation National Association UT increased its holdings 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 acquiring an additional 143 shares in the last quarter. Elyxium Wealth LLC bought a new stake in ONEOK during the 4th quarter worth approximately $29,000. Cornerstone Financial Management LLC purchased a new position in ONEOK during the fourth quarter valued at approximately $29,000. Portus Wealth Advisors LLC bought a new position in shares of ONEOK in the first quarter worth approximately $33,000. Finally, Wilkerson Advisory Group LLC increased its stake in shares of ONEOK by 51.4% in 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 in the last quarter. 69.13% of the stock is currently owned by institutional investors.

ONEOK Stock Performance

Shares of NYSE OKE opened at $93.06 on Tuesday. The company has a market cap of $58.66 billion, a P/E ratio of 16.05, a P/E/G ratio of 2.60 and a beta of 0.73. ONEOK, Inc. has a 52-week low of $64.02 and a 52-week high of $97.90. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.59 and a current ratio of 0.74. The firm’s fifty day moving average is $90.20 and its two-hundred day moving average is $88.40.

ONEOK (NYSE:OKE) last issued its quarterly earnings data on Monday, August 3rd. The utilities provider reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.07. The firm had revenue of $12.05 billion during the quarter, compared to analyst estimates of $8.95 billion. ONEOK had a return on equity of 16.41% and a net margin of 9.29%.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. As a group, analysts anticipate that ONEOK, Inc. will post 5.84 EPS for the current fiscal year.

ONEOK Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Monday, August 3rd were paid a $1.07 dividend. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $4.28 dividend on an annualized basis and a yield of 4.6%. ONEOK’s payout ratio is presently 73.79%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of ONEOK in a research report on Thursday, August 13th. Morgan Stanley upped their target price on shares of ONEOK from $103.00 to $105.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 18th. Wall Street Zen upgraded ONEOK from a “sell” rating to a “hold” rating in a research note on Sunday, August 9th. Wells Fargo & Company decreased their price target on ONEOK from $100.00 to $98.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Finally, Freedom Capital upgraded ONEOK from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $91.94.

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.