Bank of Montreal Can Raises Position in ONEOK, Inc. $OKE

Key Points

• Bank of Montreal Can raised its stake in ONEOK by 13.0% to 701,998 shares, now owning about 0.11% of the company worth approximately $51.2 million.
• ONEOK beat quarterly expectations (EPS $1.55 vs $1.50; revenue $9.07B vs $8.77B), set FY2026 guidance of $5.04–$5.87 EPS, and carries a consensus Wall Street rating of "Hold" with a $86.47 price target.
• Dividend increased: ONEOK raised its quarterly payout to $1.07 (annualized $4.28), implying a ~5.0% yield and a payout ratio near 79%.

Bank of Montreal Can raised its holdings in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 13.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 701,998 shares of the utilities provider's stock after purchasing an additional 80,702 shares during the period. Bank of Montreal Can owned approximately 0.11% of ONEOK worth $51,225,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Winnow Wealth LLC bought a new stake in shares of ONEOK in the third quarter worth $28,000. City Holding Co. bought a new position in ONEOK in the third quarter valued at about $28,000. Global Wealth Strategies & Associates purchased a new position in ONEOK in the third quarter worth about $29,000. Financial Consulate Inc. bought a new stake in ONEOK during the third quarter valued at approximately $29,000. Finally, Twin Peaks Wealth Advisors LLC bought a new position in ONEOK in the second quarter worth approximately $34,000. Hedge funds and other institutional investors own 69.13% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on OKE. Jefferies Financial Group assumed coverage on ONEOK in a research report on Tuesday, January 20th. They issued a "hold" rating and a $80.00 price target for the company. Wells Fargo & Company decreased their price objective on shares of ONEOK from $82.00 to $79.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 25th. Wolfe Research cut shares of ONEOK from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, February 25th. Mizuho set a $89.00 target price on ONEOK in a research report on Monday, February 23rd. Finally, Barclays boosted 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. Seven research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $86.47.

ONEOK Stock Performance

NYSE OKE opened at $85.01 on Friday. The business's 50 day moving average price is $80.37 and its 200-day moving average price is $74.70. ONEOK, Inc. has a fifty-two week low of $64.02 and a fifty-two week high of $103.64. The company has a market cap of $53.54 billion, a P/E ratio of 15.68, a P/E/G ratio of 6.53 and a beta of 0.93. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.56 and a current ratio of 0.71.

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

ONEOK Increases Dividend

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

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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