Intact Investment Management Inc. Acquires 29,000 Shares of ONEOK, Inc. $OKE

Key Points

• Intact Investment Management increased its stake in ONEOK by 56.3%, acquiring 29,000 shares to hold 80,500 shares valued at about $5.92 million.
• ONEOK declared a quarterly dividend of $1.07 (ex-dividend May 4, payable May 15), implying an annualized payout of $4.28 and a 4.7% yield with a payout ratio of 76.29%.
• ONEOK missed quarterly EPS estimates ($1.23 vs. $1.30) while reporting $9.62 billion in revenue and set FY2026 guidance at 5.53 EPS; the stock carries a consensus "Hold" rating with a $91.19 price target.

Intact Investment Management Inc. boosted its holdings in ONEOK, Inc. (NYSE:OKE - Free Report) by 56.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 80,500 shares of the utilities provider's stock after acquiring an additional 29,000 shares during the period. Intact Investment Management Inc.'s holdings in ONEOK were worth $5,917,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in ONEOK by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 77,603,334 shares of the utilities provider's stock valued at $5,703,845,000 after acquiring an additional 380,744 shares during the period. Invesco Ltd. raised its stake in ONEOK by 6.3% in the 3rd quarter. Invesco Ltd. now owns 8,919,098 shares of the utilities provider's stock valued at $650,827,000 after acquiring an additional 532,267 shares during the period. First Eagle Investment Management LLC raised its stake in ONEOK by 24.2% in the 3rd quarter. First Eagle Investment Management LLC now owns 7,769,215 shares of the utilities provider's stock valued at $566,920,000 after acquiring an additional 1,513,042 shares during the period. Dimensional Fund Advisors LP raised its stake in ONEOK by 14.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 5,433,178 shares of the utilities provider's stock valued at $396,462,000 after acquiring an additional 703,834 shares during the period. Finally, Legal & General Group Plc raised its stake in ONEOK by 1.6% in the 3rd quarter. Legal & General Group Plc now owns 5,218,376 shares of the utilities provider's stock valued at $380,785,000 after acquiring an additional 80,683 shares during the period. Institutional investors own 69.13% of the company's stock.

ONEOK Price Performance

NYSE:OKE opened at $90.76 on Tuesday. ONEOK, Inc. has a 52 week low of $64.02 and a 52 week high of $95.30. The firm has a market cap of $57.18 billion, a price-to-earnings ratio of 16.18, a P/E/G ratio of 6.84 and a beta of 0.78. The firm's 50-day simple moving average is $87.11 and its 200 day simple moving average is $78.41. The company has a debt-to-equity ratio of 1.37, 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 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 return on equity of 16.06% and a net margin of 10.03%.The business had revenue of $9.62 billion for the quarter, compared to the consensus estimate of $8.23 billion. During the same period in the prior year, the business posted $1.04 earnings per share. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. As a group, sell-side analysts predict that ONEOK, Inc. will post 5.53 earnings per share for the current year.

ONEOK Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Monday, May 4th will be given a $1.07 dividend. The ex-dividend date is Monday, May 4th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 4.7%. ONEOK's dividend payout ratio (DPR) is presently 76.29%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Mizuho set a $89.00 price target on ONEOK in a research note on Monday, February 23rd. Wolfe Research cut ONEOK from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, February 25th. Wall Street Zen cut ONEOK from a "hold" rating to a "sell" rating in a research report on Saturday. JPMorgan Chase & Co. cut ONEOK from an "overweight" rating to a "neutral" rating and lowered their price objective for the stock from $87.00 to $83.00 in a research report on Tuesday, January 27th. Finally, Raymond James Financial reaffirmed an "outperform" rating and set a $92.00 price target on shares of ONEOK in a research report on Thursday. Seven equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $91.19.

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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