KBC Group NV Has $5.63 Million Holdings in ONEOK, Inc. $OKE

KBC Group NV increased its holdings in ONEOK, Inc. (NYSE:OKE - Free Report) by 21.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,798 shares of the utilities provider's stock after purchasing an additional 11,281 shares during the period. KBC Group NV's holdings in ONEOK were worth $5,634,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Zions Bancorporation National Association UT lifted its position in shares of ONEOK by 73.3% in the fourth quarter. Zions Bancorporation National Association UT now owns 338 shares of the utilities provider's stock worth $25,000 after buying an additional 143 shares during the last quarter. Portus Wealth Advisors LLC bought a new stake in shares of ONEOK during the 1st quarter worth about $33,000. Elyxium Wealth LLC acquired a new position in shares of ONEOK during the 4th quarter valued at about $29,000. Wilkerson Advisory Group LLC raised its stake in shares of ONEOK by 51.4% in the 1st quarter. Wilkerson Advisory Group LLC now owns 392 shares of the utilities provider's stock valued at $35,000 after acquiring an additional 133 shares in the last quarter. Finally, Cornerstone Financial Management LLC bought a new position in shares of ONEOK in the 4th quarter valued at approximately $29,000. 69.13% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on OKE. Barclays decreased their target price on ONEOK from $90.00 to $88.00 and set an "equal weight" rating for the company in a research report on Wednesday, July 8th. Weiss Ratings upgraded shares of ONEOK from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, May 18th. TD Cowen upped their price objective on shares of ONEOK from $85.00 to $90.00 and gave the stock a "hold" rating in a report on Thursday, July 16th. Wall Street Zen upgraded shares of ONEOK from a "sell" rating to a "hold" rating in a research note on Sunday, August 9th. Finally, JPMorgan Chase & Co. lifted their target price on shares of ONEOK from $91.00 to $92.00 and gave the stock a "neutral" rating in a report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $91.81.

ONEOK Stock Performance

NYSE:OKE opened at $94.99 on Friday. The firm's 50-day moving average is $89.48 and its 200-day moving average is $87.61. The company has a market cap of $59.88 billion, a price-to-earnings ratio of 16.38, a PEG ratio of 4.95 and a beta of 0.73. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.59 and a current ratio of 0.74. ONEOK, Inc. has a 52-week low of $64.02 and a 52-week high of $96.07.

ONEOK (NYSE:OKE - Get Free Report) last released its earnings results on Monday, August 3rd. The utilities provider reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.07. ONEOK had a net margin of 9.29% and a return on equity of 16.41%. The business had revenue of $12.05 billion during the quarter, compared to analysts' expectations of $8.95 billion. During the same quarter last year, the company earned $1.34 earnings per share. ONEOK has set its FY 2026 guidance at 5.680-5.680 EPS. Equities research analysts anticipate that ONEOK, Inc. will post 5.87 earnings per share for the current year.

ONEOK Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Monday, August 3rd were issued a $1.07 dividend. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $4.28 annualized dividend and a yield of 4.5%. ONEOK's dividend payout ratio is 73.79%.

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source