Andrew Hill Investment Advisors Inc. Invests $2.43 Million in ONEOK, Inc. $OKE

Key Points

• Andrew Hill Investment Advisors bought a new stake of 33,111 shares in ONEOK during Q4 valued at approximately $2.43 million, making the position about 1.9% of the fund and its 20th-largest holding.
• ONEOK beat Q results with $1.55 EPS vs. $1.50 expected and $9.07B revenue vs. $8.77B, set FY2026 guidance of 5.040–5.870 EPS, and raised its quarterly dividend to $1.07 (a 5.0% yield).
• Analysts are split (nine Buy, nine Hold) leaving a consensus rating of Moderate Buy and a consensus price target of $89.63, while institutional investors own about 69.13% of the stock.

Andrew Hill Investment Advisors Inc. purchased a new stake in ONEOK, Inc. (NYSE:OKE - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 33,111 shares of the utilities provider's stock, valued at approximately $2,434,000. ONEOK accounts for about 1.9% of Andrew Hill Investment Advisors Inc.'s holdings, making the stock its 20th biggest holding.

Other institutional investors have also recently added to or reduced their stakes in the company. National Pension Service increased its holdings in shares of ONEOK by 2.9% during the third quarter. National Pension Service now owns 857,949 shares of the utilities provider's stock valued at $62,605,000 after acquiring an additional 24,003 shares in the last quarter. Hudson Edge Investment Partners Inc. increased its holdings in shares of ONEOK by 34.1% during the third quarter. Hudson Edge Investment Partners Inc. now owns 87,667 shares of the utilities provider's stock valued at $6,397,000 after acquiring an additional 22,282 shares in the last quarter. Nordea Investment Management AB increased its holdings in shares of ONEOK by 7.5% during the third quarter. Nordea Investment Management AB now owns 777,262 shares of the utilities provider's stock valued at $55,885,000 after acquiring an additional 54,444 shares in the last quarter. Tectonic Advisors LLC increased its holdings in shares of ONEOK by 41.1% during the third quarter. Tectonic Advisors LLC now owns 188,842 shares of the utilities provider's stock valued at $13,780,000 after acquiring an additional 55,024 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its holdings in shares of ONEOK by 29.6% during the third quarter. Jones Financial Companies Lllp now owns 534,285 shares of the utilities provider's stock valued at $39,401,000 after acquiring an additional 121,891 shares in the last quarter. 69.13% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

OKE has been the subject of several recent research reports. Weiss Ratings restated a "hold (c)" rating on shares of ONEOK in a report on Monday, December 29th. Wolfe Research downgraded ONEOK from an "outperform" rating to a "peer perform" rating in a report on Wednesday, February 25th. Barclays upped their price target on ONEOK from $76.00 to $82.00 and gave the stock an "equal weight" rating in a report on Thursday, March 5th. Scotiabank reiterated an "outperform" rating and set a $91.00 price target on shares of ONEOK in a report on Friday, January 16th. Finally, Truist Financial assumed coverage on ONEOK in a report on Tuesday, March 24th. They set a "hold" rating and a $91.00 price target for the company. Nine investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $89.63.

ONEOK Stock Up 0.1%

OKE stock opened at $86.26 on Monday. The stock's fifty day simple moving average is $86.15 and its two-hundred day simple moving average is $76.98. The company has a current ratio of 0.71, a quick ratio of 0.56 and a debt-to-equity ratio of 1.36. ONEOK, Inc. has a 1-year low of $64.02 and a 1-year high of $95.30. The stock has a market cap of $54.35 billion, a P/E ratio of 15.91, a P/E/G ratio of 6.52 and a beta of 0.84.

ONEOK (NYSE:OKE - Get Free Report) last posted its quarterly earnings data on Monday, February 23rd. The utilities provider reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.50 by $0.05. ONEOK had a return on equity of 15.29% and a net margin of 10.09%.The business had revenue of $9.07 billion for the quarter, compared to analysts' expectations of $8.77 billion. During the same quarter in the previous year, the firm earned $1.57 earnings per share. ONEOK has set its FY 2026 guidance at 5.040-5.870 EPS. Analysts expect that ONEOK, Inc. will post 5.07 EPS for the current year.

ONEOK Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Monday, February 2nd were issued a $1.07 dividend. This is an increase from ONEOK's previous quarterly dividend of $1.03. The ex-dividend date of this dividend was Monday, February 2nd. This represents a $4.28 annualized dividend and a yield of 5.0%. ONEOK's payout ratio is 78.97%.

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.

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