171,743 Shares in ONEOK, Inc. $OKE Bought by Commerce Bank

Key Points

• Commerce Bank acquired 171,743 ONEOK shares during the second quarter, valued at approximately $14.9 million. Institutional investors collectively own 69.13% of the company.
• Analysts maintain a consensus “Moderate Buy” rating, with an average price target of $91.94; recent targets range from $88 to $98.
• ONEOK reported quarterly EPS of $1.53, exceeding the $1.46 consensus estimate, and declared a quarterly dividend of $1.07, equivalent to a 4.6% annualized yield.

Commerce Bank acquired a new stake in ONEOK, Inc. (NYSE:OKE - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 171,743 shares of the utilities provider's stock, valued at approximately $14,931,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in OKE. Triune Financial Partners LLC acquired a new position in ONEOK during the fourth quarter worth $1,151,000. Swiss Life Asset Management Ltd boosted its stake in shares of ONEOK by 219.5% in the 4th quarter. Swiss Life Asset Management Ltd now owns 1,522,404 shares of the utilities provider's stock valued at $111,897,000 after purchasing an additional 1,045,976 shares in the last quarter. Castle Rock Wealth Management LLC grew its holdings in shares of ONEOK by 360.0% in the 4th quarter. Castle Rock Wealth Management LLC now owns 36,216 shares of the utilities provider's stock worth $2,815,000 after purchasing an additional 28,343 shares during the last quarter. First Eagle Investment Management LLC grew its holdings in shares of ONEOK by 46.3% in the 4th quarter. First Eagle Investment Management LLC now owns 11,365,304 shares of the utilities provider's stock worth $835,350,000 after purchasing an additional 3,596,089 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp increased its position in shares of ONEOK by 3.5% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,297,858 shares of the utilities provider's stock worth $168,943,000 after purchasing an additional 77,019 shares in the last quarter. Institutional investors own 69.13% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on OKE. Citigroup lifted their price target 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. upped their price objective on shares of ONEOK from $91.00 to $92.00 and gave the stock a "neutral" rating in a research note on Friday, May 8th. Barclays dropped their price objective on shares of ONEOK from $90.00 to $88.00 and set an "equal weight" rating for the company in a report on Wednesday, July 8th. Wells Fargo & Company cut their target price on shares of ONEOK from $100.00 to $98.00 and set an "overweight" rating for the company in a research note on Thursday, April 30th. Finally, Freedom Capital raised ONEOK from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $91.94.

ONEOK Stock Down 1.2%

Shares of NYSE OKE opened at $93.43 on Friday. The firm's 50-day simple moving average is $90.09 and its 200 day simple moving average is $88.20. The company has a market cap of $58.90 billion, a price-to-earnings ratio of 16.11, a price-to-earnings-growth ratio of 2.60 and a beta of 0.73. The company has a quick ratio of 0.59, a current ratio of 0.74 and a debt-to-equity ratio of 1.34. ONEOK, Inc. has a 12-month low of $64.02 and a 12-month high of $97.90.

ONEOK (NYSE:OKE - Get Free Report) last posted its quarterly earnings data on Monday, August 3rd. The utilities provider reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.07. ONEOK had a net margin of 9.29% and a return on equity of 16.41%. The firm had revenue of $12.05 billion during the quarter, compared to analysts' expectations of $8.95 billion. During the same quarter last year, the company posted $1.34 EPS. ONEOK has set its FY 2026 guidance at 5.680-5.680 EPS. On average, research analysts expect that ONEOK, Inc. will post 5.84 earnings per share for the current fiscal 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 $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 dividend yield of 4.6%. ONEOK's dividend payout ratio (DPR) is currently 73.79%.

More ONEOK News

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.

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