Gateway Investment Advisers LLC Cuts Stake in ONEOK, Inc. $OKE

Key Points

• Gateway Investment Advisers LLC cut its stake in ONEOK by 17% in Q4, selling 35,467 shares to hold 173,472 shares valued at $12.75 million, and institutional investors now own about 69.13% of the stock.
• ONEOK missed Q1 EPS estimates ($1.23 vs. $1.30) though revenue topped expectations, set FY2026 guidance at 5.53 EPS, and declared a quarterly dividend of $1.07 (annualized $4.28) yielding 5.0% with an ex-dividend date of May 4.
• Analyst views are mixed with a consensus "Hold" rating and a $91.31 target; the stock trades at a P/E of 15.3, market cap about $54.2 billion, and a 52-week range of $64.02–$95.30.

Gateway Investment Advisers LLC cut its stake in ONEOK, Inc. (NYSE:OKE - Free Report) by 17.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 173,472 shares of the utilities provider's stock after selling 35,467 shares during the quarter. Gateway Investment Advisers LLC's holdings in ONEOK were worth $12,750,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Manske Wealth Management increased its position in shares of ONEOK by 66.3% during the fourth quarter. Manske Wealth Management now owns 4,726 shares of the utilities provider's stock worth $347,000 after acquiring an additional 1,884 shares during the last quarter. RFG Advisory LLC increased its position in shares of ONEOK by 10.3% during the fourth quarter. RFG Advisory LLC now owns 30,523 shares of the utilities provider's stock worth $2,243,000 after acquiring an additional 2,856 shares during the last quarter. Stevens Capital Management LP purchased a new stake in shares of ONEOK during the fourth quarter worth about $327,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of ONEOK by 7.2% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,321,218 shares of the utilities provider's stock worth $98,219,000 after acquiring an additional 89,156 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of ONEOK by 1.8% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 94,967 shares of the utilities provider's stock worth $6,980,000 after acquiring an additional 1,643 shares during the last quarter. 69.13% of the stock is owned by hedge funds and other institutional investors.

ONEOK Stock Performance

Shares of OKE stock opened at $85.97 on Friday. The company has a quick ratio of 0.56, a current ratio of 0.71 and a debt-to-equity ratio of 1.37. The business has a 50 day moving average of $87.19 and a two-hundred day moving average of $78.82. ONEOK, Inc. has a 52 week low of $64.02 and a 52 week high of $95.30. The company has a market cap of $54.16 billion, a P/E ratio of 15.32, a PEG ratio of 6.07 and a beta of 0.78.

ONEOK (NYSE:OKE - Get Free Report) last issued its earnings results on Tuesday, April 28th. The utilities provider reported $1.23 EPS for the quarter, missing analysts' consensus estimates of $1.30 by ($0.07). ONEOK had a net margin of 10.03% and a return on equity of 16.06%. The company had revenue of $9.62 billion during the quarter, compared to analyst estimates of $8.23 billion. During the same quarter in the previous year, the firm earned $1.04 earnings per share. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. As a group, analysts anticipate that ONEOK, Inc. will post 5.9 EPS for the current year.

ONEOK Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Monday, May 4th will be paid a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date is Monday, May 4th. ONEOK's payout ratio is presently 76.29%.

Analysts Set New Price Targets

OKE has been the topic of a number of analyst reports. Wolfe Research lowered ONEOK from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, February 25th. Barclays lifted their target price on ONEOK from $82.00 to $90.00 and gave the stock an "equal weight" rating in a research report on Thursday, April 30th. Citigroup lifted their target price on ONEOK from $95.00 to $97.00 and gave the stock a "buy" rating in a research report on Thursday. Wells Fargo & Company dropped their target price on ONEOK from $100.00 to $98.00 and set an "overweight" rating on the stock in a research report on Thursday, April 30th. Finally, Wall Street Zen lowered ONEOK from a "hold" rating to a "sell" rating in a research report on Saturday, May 2nd. Seven investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $91.31.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.