ONEOK, Inc. $OKE Shares Purchased by NewEdge Advisors LLC

Key Points

• NewEdge Advisors increased its ONEOK stake by 19.2% in the first quarter, bringing its holdings to 202,714 shares worth approximately $18.3 million. Institutional investors collectively own 69.13% of the company.
• ONEOK reported quarterly EPS of $1.53, beating analysts’ $1.46 estimate, while revenue reached $12.05 billion versus the $8.95 billion consensus forecast. The company’s FY 2026 EPS guidance is $5.68.
• ONEOK declared a quarterly dividend of $1.07 per share, equivalent to $4.28 annually and a 5.0% yield. Analysts’ consensus rating is “Moderate Buy,” with an average price target of $91.81.

NewEdge Advisors LLC boosted its stake in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 19.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 202,714 shares of the utilities provider's stock after purchasing an additional 32,619 shares during the period. NewEdge Advisors LLC's holdings in ONEOK were worth $18,323,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Triune Financial Partners LLC purchased a new stake in ONEOK during the fourth quarter worth approximately $1,151,000. Swiss Life Asset Management Ltd raised its stake in shares of ONEOK by 219.5% in the 4th quarter. Swiss Life Asset Management Ltd now owns 1,522,404 shares of the utilities provider's stock valued at $111,897,000 after acquiring an additional 1,045,976 shares during the period. Castle Rock Wealth Management LLC lifted its holdings in shares of ONEOK by 360.0% during the 4th 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 lifted its holdings in shares of ONEOK by 46.3% during 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 in the last quarter. Finally, Torray Investment Partners LLC purchased a new stake in ONEOK during the 4th quarter worth $19,109,000. 69.13% of the stock is owned by hedge funds and other institutional investors.

ONEOK Stock Performance

NYSE:OKE opened at $86.33 on Friday. The firm has a 50-day moving average of $88.95 and a two-hundred day moving average of $87.04. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.74 and a quick ratio of 0.56. The stock has a market cap of $54.42 billion, a P/E ratio of 14.89, a PEG ratio of 4.58 and a beta of 0.73. ONEOK, Inc. has a 1-year low of $64.02 and a 1-year high of $96.07.

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

ONEOK Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Monday, August 3rd will be given a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend is Monday, August 3rd. ONEOK's dividend payout ratio is presently 73.79%.

Analysts Set New Price Targets

Several brokerages recently issued reports on OKE. Weiss Ratings upgraded ONEOK from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, May 18th. Wells Fargo & Company decreased their target price on ONEOK from $100.00 to $98.00 and set an "overweight" rating for the company in a research report on Thursday, April 30th. Wall Street Zen lowered ONEOK from a "hold" rating to a "sell" rating in a research note on Saturday, August 1st. TD Cowen raised their target price on ONEOK from $85.00 to $90.00 and gave the company a "hold" rating in a report on Thursday, July 16th. Finally, JPMorgan Chase & Co. upped their price target on ONEOK from $91.00 to $92.00 and gave the stock a "neutral" rating in a report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $91.81.

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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