Vanguard Group Inc. Has $5.70 Billion Position in ONEOK, Inc. $OKE

Key Points

• Vanguard boosted its stake to 77,603,334 shares — about 12.33% of ONEOK — a position valued at roughly $5.70 billion after adding 380,744 shares in Q4.
• ONEOK declared a quarterly dividend of $1.07 (annualized $4.28), implying a 4.9% yield payable May 15 with an ex-dividend date of May 4, while the payout ratio is relatively high at 78.97%.
• Analysts have a consensus rating of Moderate Buy with a $89.69 price target (several firms raised targets to $100); ONEOK beat Q4 estimates and set FY2026 guidance of 5.04–5.87 EPS versus analyst expectations of 5.65.

Vanguard Group Inc. boosted its holdings in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 0.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,603,334 shares of the utilities provider's stock after buying an additional 380,744 shares during the period. Vanguard Group Inc. owned about 12.33% of ONEOK worth $5,703,845,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of OKE. City Holding Co. bought a new position in shares of ONEOK during the third quarter valued at $28,000. Winnow Wealth LLC bought a new position in shares of ONEOK during the third quarter valued at $28,000. Financial Consulate Inc. bought a new position in shares of ONEOK during the third quarter valued at $29,000. SRH Advisors LLC lifted its holdings in shares of ONEOK by 122.3% during the fourth quarter. SRH Advisors LLC now owns 438 shares of the utilities provider's stock valued at $32,000 after acquiring an additional 241 shares during the period. Finally, AXS Investments LLC bought a new position in shares of ONEOK during the third quarter valued at $35,000. Institutional investors and hedge funds own 69.13% of the company's stock.

Wall Street Analysts Forecast Growth

OKE has been the subject of a number of analyst reports. Jefferies Financial Group lifted their price objective on ONEOK from $98.00 to $100.00 and gave the company a "buy" rating in a report on Wednesday, April 8th. Scotiabank reissued an "outperform" rating on shares of ONEOK in a report on Monday, April 13th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of ONEOK in a report on Monday, December 29th. Wells Fargo & Company raised ONEOK from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $81.00 to $100.00 in a report on Wednesday, March 25th. Finally, Truist Financial began coverage on ONEOK in a report on Tuesday, March 24th. They issued a "hold" rating and a $91.00 price target for the company. Nine analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $89.69.

ONEOK Stock Performance

Shares of NYSE:OKE opened at $87.80 on Tuesday. The stock has a market capitalization of $55.32 billion, a P/E ratio of 16.20, a P/E/G ratio of 6.48 and a beta of 0.84. ONEOK, Inc. has a 1-year low of $64.02 and a 1-year high of $95.30. The company has a current ratio of 0.71, a quick ratio of 0.56 and a debt-to-equity ratio of 1.36. The business has a 50-day moving average price of $86.86 and a two-hundred day moving average price of $77.96.

ONEOK (NYSE:OKE - Get Free Report) last announced its quarterly earnings data on Monday, February 23rd. The utilities provider reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.50 by $0.05. The firm had revenue of $9.07 billion during the quarter, compared to analysts' expectations of $8.77 billion. ONEOK had a return on equity of 15.29% and a net margin of 10.09%.During the same period in the previous year, the business posted $1.57 EPS. ONEOK has set its FY 2026 guidance at 5.040-5.870 EPS. Equities analysts predict that ONEOK, Inc. will post 5.65 earnings per share for the current year.

ONEOK Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Monday, May 4th will be given a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a dividend yield of 4.9%. The ex-dividend date is Monday, May 4th. ONEOK's payout ratio is presently 78.97%.

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.

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