Wellington Management Group LLP Sells 137,479 Shares of ONEOK, Inc. $OKE

Wellington Management Group LLP cut its holdings in ONEOK, Inc. (NYSE:OKE) by 8.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,451,667 shares of the utilities provider’s stock after selling 137,479 shares during the period. Wellington Management Group LLP owned about 0.23% of ONEOK worth $126,208,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Brighton Jones LLC increased its position in shares of ONEOK by 137.1% in the 4th quarter. Brighton Jones LLC now owns 15,278 shares of the utilities provider’s stock valued at $1,534,000 after acquiring an additional 8,834 shares during the period. Empowered Funds LLC raised its position in ONEOK by 0.8% in the 1st quarter. Empowered Funds LLC now owns 17,957 shares of the utilities provider’s stock valued at $1,782,000 after purchasing an additional 137 shares in the last quarter. Acadian Asset Management LLC purchased a new position in shares of ONEOK during the first quarter worth about $216,000. Federated Hermes Inc. lifted its holdings in ONEOK by 14.0% in the second quarter. Federated Hermes Inc. now owns 3,120 shares of the utilities provider’s stock valued at $255,000 after acquiring an additional 383 shares during the period. Finally, NewEdge Advisors LLC grew its holdings in ONEOK by 3.9% during the 2nd quarter. NewEdge Advisors LLC now owns 130,347 shares of the utilities provider’s stock valued at $10,640,000 after buying an additional 4,902 shares during the last quarter. 69.13% of the stock is currently owned by institutional investors.

ONEOK News Roundup

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.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Royal Bank Of Canada raised their price objective on ONEOK from $84.00 to $90.00 and gave the company a “sector perform” rating in a research note on Tuesday, July 21st. Citigroup boosted their price objective on ONEOK from $95.00 to $97.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Wall Street Zen raised ONEOK from a “sell” rating to a “hold” rating in a research report on Sunday, August 9th. Scotiabank increased their price target on shares of ONEOK from $89.00 to $95.00 and gave the stock a “sector perform” rating in a report on Tuesday. Finally, Barclays cut their price target on ONEOK from $90.00 to $88.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $93.50.

ONEOK Stock Performance

Shares of NYSE OKE opened at $95.79 on Wednesday. ONEOK, Inc. has a 1 year low of $64.02 and a 1 year high of $99.85. The company has a market capitalization 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’s fifty day moving average price is $91.25 and its 200 day moving average price is $88.92. 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 issued its 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 net margin of 9.29% and a return on equity of 16.41%. The business had revenue of $12.05 billion during the quarter, compared to analysts’ expectations of $8.95 billion. During the same period in the prior year, the business earned $1.34 earnings per share. ONEOK has set its FY 2026 guidance at 5.680-5.680 EPS. On average, research analysts predict that ONEOK, Inc. will post 5.84 earnings per share for the current year.

ONEOK Dividend Announcement

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

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.