48,290 Shares in ONEOK, Inc. $OKE Purchased by Global Retirement Partners LLC

Key Points

• Global Retirement Partners LLC acquired 48,290 ONEOK shares valued at approximately $4.2 million. Institutional investors and hedge funds collectively own 69.13% of the company.
• ONEOK reported quarterly EPS of $1.53, exceeding the $1.46 consensus estimate, while revenue reached $12.05 billion versus expectations of $8.95 billion.
• The company pays a quarterly dividend of $1.07, equivalent to an annualized $4.28 and a 4.5% yield. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $91.81.

Global Retirement Partners LLC acquired a new position in shares of ONEOK, Inc. (NYSE:OKE - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 48,290 shares of the utilities provider's stock, valued at approximately $4,198,000.

A number of other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in shares of ONEOK by 0.5% during the 4th 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 period. State Street Corp lifted its holdings in ONEOK by 1.7% in the fourth quarter. State Street Corp now owns 38,450,591 shares of the utilities provider's stock valued at $2,826,118,000 after buying an additional 648,647 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in ONEOK by 2.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 22,634,512 shares of the utilities provider's stock valued at $1,663,637,000 after buying an additional 599,248 shares during the period. Geode Capital Management LLC boosted its stake in ONEOK by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 16,596,172 shares of the utilities provider's stock valued at $1,215,107,000 after acquiring an additional 518,746 shares during the last quarter. Finally, First Eagle Investment Management LLC grew its holdings in ONEOK by 46.3% during 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 acquiring an additional 3,596,089 shares during the period. 69.13% of the stock is currently owned by institutional investors and hedge funds.

ONEOK Trading Up 0.0%

NYSE:OKE opened at $94.99 on Monday. The company has a market cap of $59.88 billion, a P/E ratio of 16.38, a price-to-earnings-growth ratio of 7.10 and a beta of 0.73. ONEOK, Inc. has a twelve month low of $64.02 and a twelve month high of $96.07. The business has a 50 day moving average price of $89.48 and a two-hundred day moving average price of $87.68. 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 (NYSE:OKE - Get Free Report) last posted its quarterly earnings data on Monday, August 3rd. The utilities provider reported $1.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.46 by $0.07. The company had revenue of $12.05 billion for the quarter, compared to the consensus estimate of $8.95 billion. ONEOK had a net margin of 9.29% and a return on equity of 16.41%. During the same period last year, the company earned $1.34 earnings per share. ONEOK has set its FY 2026 guidance at 5.680-5.680 EPS. As a group, analysts expect that ONEOK, Inc. will post 5.87 EPS for the current fiscal year.

ONEOK Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Monday, August 3rd were paid a $1.07 dividend. This represents a $4.28 annualized dividend and a yield of 4.5%. The ex-dividend date was Monday, August 3rd. ONEOK's payout ratio is presently 73.79%.

Analysts Set New Price Targets

Several analysts have commented on the stock. TD Cowen upped their target price on shares of ONEOK from $85.00 to $90.00 and gave the company a "hold" rating in a research report on Thursday, July 16th. Barclays decreased their price objective 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. Raymond James Financial reiterated an "outperform" rating and issued a $92.00 price objective on shares of ONEOK in a report on Thursday, April 30th. Wells Fargo & Company cut their target price on ONEOK from $100.00 to $98.00 and set an "overweight" rating on the stock in a research note on Thursday, April 30th. Finally, JPMorgan Chase & Co. raised their target price on ONEOK from $91.00 to $92.00 and gave the stock a "neutral" rating in a report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $91.81.

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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