Infrastructure Capital Advisors LLC Buys Shares of 72,588 ONEOK, Inc. $OKE

Key Points

• Infrastructure Capital Advisors bought 72,588 ONEOK shares worth approximately $6.3 million in the second quarter. Institutional investors collectively own 69.13% of OKE’s outstanding stock.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $91.94, although recent ratings range from “Hold” to “Overweight.” OKE opened at $93.43, near its 52-week high of $97.90.
• ONEOK exceeded quarterly earnings expectations, reporting $1.53 in EPS versus the $1.46 consensus and $12.05 billion in revenue. The company also pays a quarterly dividend of $1.07, equivalent to a 4.6% annualized yield.

Infrastructure Capital Advisors LLC purchased a new position in ONEOK, Inc. (NYSE:OKE - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 72,588 shares of the utilities provider's stock, valued at approximately $6,311,000.

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on OKE shares. Morgan Stanley lifted their target price on ONEOK from $103.00 to $105.00 and gave the stock an "equal weight" rating in a report on Tuesday, August 18th. Wells Fargo & Company reduced their price objective on ONEOK from $100.00 to $98.00 and set an "overweight" rating on the stock in a research note on Thursday, April 30th. Scotiabank cut ONEOK from a "sector outperform" rating to a "sector perform" rating and decreased their price objective for the stock from $92.00 to $89.00 in a report on Thursday, April 30th. TD Cowen increased their target price on ONEOK from $85.00 to $90.00 and gave the company a "hold" rating in a research report on Thursday, July 16th. Finally, JPMorgan Chase & Co. boosted their price objective on ONEOK from $91.00 to $92.00 and gave the stock a "neutral" rating in a research note on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have assigned a Hold rating to the company's stock. According to MarketBeat.com, ONEOK currently has a consensus rating of "Moderate Buy" and an average target price of $91.94.

ONEOK Stock Up 0.1%

NYSE:OKE opened at $93.43 on Monday. The firm has a market cap of $58.90 billion, a PE ratio of 16.11, a price-to-earnings-growth ratio of 2.60 and a beta of 0.73. The company has a 50-day moving average of $90.09 and a 200 day moving average of $88.29. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.74 and a quick ratio of 0.59. ONEOK, Inc. has a 1-year low of $64.02 and a 1-year high of $97.90.

ONEOK (NYSE:OKE - Get Free Report) last issued its quarterly earnings data on Monday, August 3rd. The utilities provider reported $1.53 EPS for the quarter, topping analysts' consensus estimates of $1.46 by $0.07. ONEOK had a net margin of 9.29% and a return on equity of 16.41%. The company had revenue of $12.05 billion during the quarter, compared to the consensus estimate of $8.95 billion. During the same quarter in the previous year, the firm posted $1.34 earnings per share. ONEOK has set its FY 2026 guidance at 5.680-5.680 EPS. As a group, research analysts anticipate that ONEOK, Inc. will post 5.84 EPS for the current fiscal year.

ONEOK Announces Dividend

The business also recently announced 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 4.6%. The ex-dividend date was Monday, August 3rd. ONEOK's payout ratio is 73.79%.

Key Headlines Impacting ONEOK

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

ONEOK 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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