ONEOK, Inc. $OKE Holdings Lifted by Epoch Investment Partners Inc.

Epoch Investment Partners Inc. raised its position in ONEOK, Inc. (NYSE:OKE) by 12.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 573,729 shares of the utilities provider’s stock after purchasing an additional 62,240 shares during the quarter. Epoch Investment Partners Inc.’s holdings in ONEOK were worth $51,859,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Zions Bancorporation National Association UT grew 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 buying an additional 143 shares in the last quarter. Portus Wealth Advisors LLC bought a new stake in ONEOK during the 1st quarter valued at $33,000. Elyxium Wealth LLC acquired a new position in ONEOK during the 4th quarter worth $29,000. Wilkerson Advisory Group LLC boosted its position in ONEOK by 51.4% during the 1st quarter. Wilkerson Advisory Group LLC now owns 392 shares of the utilities provider’s stock worth $35,000 after acquiring an additional 133 shares during the period. Finally, Cornerstone Financial Management LLC bought a new position in shares of ONEOK in the fourth quarter worth $29,000. Institutional investors own 69.13% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on OKE. Scotiabank lowered ONEOK from a “sector outperform” rating to a “sector perform” rating and lowered their price target for the company from $92.00 to $89.00 in a report on Thursday, April 30th. Wells Fargo & Company decreased their target price on shares of ONEOK from $100.00 to $98.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Morgan Stanley raised their target price on shares of ONEOK from $104.00 to $113.00 and gave the company an “overweight” rating in a research note on Tuesday, April 7th. Weiss Ratings upgraded shares of ONEOK from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, May 18th. Finally, Citigroup upped their price target on shares of ONEOK from $95.00 to $97.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Eight investment 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 a consensus rating of “Hold” and an average target price of $92.44.

ONEOK Price Performance

Shares of NYSE OKE opened at $93.13 on Friday. ONEOK, Inc. has a twelve month low of $64.02 and a twelve month high of $96.07. 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 firm has a 50-day moving average of $89.48 and a two-hundred day moving average of $85.96. The company has a market capitalization of $58.69 billion, a price-to-earnings ratio of 16.60, a PEG ratio of 5.01 and a beta of 0.73.

ONEOK (NYSE:OKE) last announced its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $8.23 billion. During the same period in the prior year, the firm earned $1.04 EPS. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. As a group, analysts expect that ONEOK, Inc. will post 5.68 earnings per share for the current fiscal year.

ONEOK Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Monday, August 3rd will be issued a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date is Monday, August 3rd. ONEOK’s dividend payout ratio (DPR) is presently 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.