NFJ Investment Group LLC Makes New $3.25 Million Investment in ONEOK, Inc. $OKE

Key Points

• NFJ Investment Group acquired 37,392 ONEOK shares worth approximately $3.25 million in the second quarter. Institutional investors now own 69.13% of the company, with Advisors Capital Management making a substantially larger $73.3 million purchase.
• ONEOK reported quarterly EPS of $1.53, exceeding analyst expectations of $1.46, while revenue reached $12.05 billion versus the $8.95 billion consensus estimate. Analysts expect full-year EPS of approximately $5.82.
• The company pays a quarterly dividend of $1.07, equivalent to an annualized $4.28 and a 4.5% yield. Analysts maintain a “Moderate Buy” consensus, with an average price target of $91.94 compared with the reported share price of $94.69.

NFJ Investment Group LLC bought a new stake in shares of ONEOK, Inc. (NYSE:OKE - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 37,392 shares of the utilities provider's stock, valued at approximately $3,251,000.

Several other large investors have also modified their holdings of OKE. Silvant Capital Management LLC purchased a new stake in shares of ONEOK in the 2nd quarter worth approximately $83,000. LaSalle St. Investment Advisors LLC purchased a new stake in ONEOK during the second quarter worth $547,000. Mystic Asset Management Inc. bought a new stake in ONEOK during the 2nd quarter valued at $944,000. Oxford Financial Group LTD. LLC purchased a new position in shares of ONEOK in the 2nd quarter valued at $279,000. Finally, Advisors Capital Management LLC bought a new position in shares of ONEOK in the 2nd quarter worth $73,328,000. Institutional investors own 69.13% of the company's stock.

ONEOK Price Performance

Shares of NYSE OKE opened at $94.69 on Friday. ONEOK, Inc. has a fifty-two week low of $64.02 and a fifty-two week high of $97.90. The company has a market cap of $59.69 billion, a PE ratio of 16.33, a P/E/G ratio of 2.69 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. The business has a 50-day simple moving average of $90.03 and a two-hundred day simple moving average of $88.16.

ONEOK (NYSE:OKE - Get Free Report) last posted its quarterly earnings data on Monday, August 3rd. The utilities provider reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.07. The firm had revenue of $12.05 billion for the quarter, compared to the consensus estimate of $8.95 billion. ONEOK had a net margin of 9.29% and a return on equity of 16.41%. During the same quarter in the prior year, the company posted $1.34 earnings per share. ONEOK has set its FY 2026 guidance at 5.680-5.680 EPS. As a group, equities analysts expect that ONEOK, Inc. will post 5.82 EPS for the current fiscal year.

ONEOK Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages recently weighed in on OKE. Royal Bank Of Canada upped their price objective on ONEOK from $84.00 to $90.00 and gave the stock a "sector perform" rating in a research note on Tuesday, July 21st. TD Cowen boosted their target price on shares of ONEOK from $85.00 to $90.00 and gave the stock a "hold" rating in a report on Thursday, July 16th. Barclays lowered their price target on shares of ONEOK from $90.00 to $88.00 and set an "equal weight" rating on the stock in a report on Wednesday, July 8th. Freedom Capital raised shares of ONEOK from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 5th. Finally, Raymond James Financial reissued an "outperform" rating and set a $92.00 target price on shares of ONEOK in a research report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, ONEOK currently has an average rating of "Moderate Buy" and an average target price of $91.94.

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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