Westbourne Investments Inc. Acquires New Position in ONEOK, Inc. $OKE

Key Points

• Westbourne Investments opened a new position in ONEOK, buying 23,675 shares in Q4 valued at about $1.74 million, while institutional investors now own roughly 69.13% of the company and several large funds recently increased their holdings.
• Earnings and outlook: ONEOK beat Q4 estimates with $1.55 EPS on $9.07 billion revenue, set FY2026 guidance of $5.040–$5.870 EPS (consensus ~5.07), and carries a mixed analyst consensus of "Moderate Buy" with a $89.63 average target.
• Dividend increase: ONEOK raised its quarterly dividend to $1.07 (from $1.03), implying a $4.28 annualized payout and about a 5.0% yield, with a payout ratio near 79%.

Westbourne Investments Inc. acquired a new stake in shares of ONEOK, Inc. (NYSE:OKE - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 23,675 shares of the utilities provider's stock, valued at approximately $1,740,000.

Several other large investors also recently bought and sold shares of OKE. First Eagle Investment Management LLC boosted its holdings 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 purchasing an additional 1,513,042 shares during the last quarter. Man Group plc boosted its holdings in ONEOK by 292.1% in the 2nd quarter. Man Group plc now owns 1,558,993 shares of the utilities provider's stock valued at $127,261,000 after purchasing an additional 1,161,352 shares during the last quarter. Vanguard Group Inc. boosted its holdings in ONEOK by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 77,222,590 shares of the utilities provider's stock valued at $5,634,932,000 after purchasing an additional 711,619 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings 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 purchasing an additional 703,834 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in ONEOK by 47.4% in the 3rd quarter. American Century Companies Inc. now owns 1,998,726 shares of the utilities provider's stock valued at $145,847,000 after purchasing an additional 642,427 shares during the last quarter. Hedge funds and other institutional investors own 69.13% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on OKE. Morgan Stanley boosted their target price on shares of ONEOK from $104.00 to $113.00 and gave the company an "overweight" rating in a report on Tuesday. JPMorgan Chase & Co. lowered shares of ONEOK from an "overweight" rating to a "neutral" rating and decreased their target price for the company from $87.00 to $83.00 in a report on Tuesday, January 27th. Barclays boosted their target price on shares of ONEOK from $76.00 to $82.00 and gave the company an "equal weight" rating in a report on Thursday, March 5th. Wolfe Research lowered shares of ONEOK from an "outperform" rating to a "peer perform" rating in a report on Wednesday, February 25th. Finally, Mizuho set a $89.00 target price on shares of ONEOK in a report on Monday, February 23rd. Nine equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $89.63.

ONEOK Price Performance

ONEOK stock opened at $86.17 on Friday. The firm has a market cap of $54.29 billion, a PE ratio of 15.90, a price-to-earnings-growth ratio of 6.57 and a beta of 0.84. ONEOK, Inc. has a 52-week low of $64.02 and a 52-week high of $95.30. The company has a quick ratio of 0.56, a current ratio of 0.71 and a debt-to-equity ratio of 1.36. The company's 50 day moving average is $86.01 and its two-hundred day moving average is $76.82.

ONEOK (NYSE:OKE - Get Free Report) last released its earnings results on Monday, February 23rd. The utilities provider reported $1.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.50 by $0.05. The company had revenue of $9.07 billion for the quarter, compared to analyst estimates of $8.77 billion. ONEOK had a net margin of 10.09% and a return on equity of 15.29%. During the same period in the prior year, the business earned $1.57 EPS. ONEOK has set its FY 2026 guidance at 5.040-5.870 EPS. On average, research analysts expect that ONEOK, Inc. will post 5.07 EPS for the current fiscal year.

ONEOK Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Monday, February 2nd were issued a dividend of $1.07 per share. This is a boost from ONEOK's previous quarterly dividend of $1.03. The ex-dividend date was Monday, February 2nd. This represents a $4.28 dividend on an annualized basis and a yield of 5.0%. ONEOK's dividend payout ratio (DPR) is currently 78.97%.

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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