Nisa Investment Advisors LLC Purchases 8,066 Shares of ONEOK, Inc. $OKE

Nisa Investment Advisors LLC raised its position in ONEOK, Inc. (NYSE:OKE) by 4.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 191,144 shares of the utilities provider’s stock after buying an additional 8,066 shares during the quarter. Nisa Investment Advisors LLC’s holdings in ONEOK were worth $14,049,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Winnow Wealth LLC bought a new position in ONEOK during the third quarter worth about $28,000. City Holding Co. bought a new stake in ONEOK in the 3rd quarter valued at about $28,000. Global Wealth Strategies & Associates acquired a new position in shares of ONEOK during the 3rd quarter worth approximately $29,000. Financial Consulate Inc. bought a new position in shares of ONEOK during the third quarter worth approximately $29,000. Finally, Twin Peaks Wealth Advisors LLC bought a new position in shares of ONEOK during the second quarter worth approximately $34,000. Institutional investors and hedge funds own 69.13% of the company’s stock.

ONEOK Stock Down 3.3%

Shares of OKE opened at $87.40 on Thursday. The firm has a 50 day simple moving average of $84.83 and a two-hundred day simple moving average of $76.21. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.71 and a quick ratio of 0.56. ONEOK, Inc. has a one year low of $64.02 and a one year high of $100.57. The company has a market cap of $55.04 billion, a P/E ratio of 16.13, a P/E/G ratio of 6.86 and a beta of 0.84.

ONEOK (NYSE:OKE) last issued its earnings results on Monday, February 23rd. The utilities provider reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.50 by $0.05. ONEOK had a return on equity of 15.29% and a net margin of 10.09%.The firm had revenue of $9.07 billion for the quarter, compared to the consensus estimate of $8.77 billion. During the same quarter last year, the business posted $1.57 EPS. ONEOK has set its FY 2026 guidance at 5.040-5.870 EPS. Research analysts forecast that ONEOK, Inc. will post 5.07 EPS for the current fiscal year.

ONEOK Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Monday, February 2nd were paid a $1.07 dividend. This represents a $4.28 annualized dividend and a yield of 4.9%. This is a boost from ONEOK’s previous quarterly dividend of $1.03. The ex-dividend date of this dividend was Monday, February 2nd. ONEOK’s payout ratio is 78.97%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on OKE shares. Truist Financial initiated coverage on ONEOK in a research note on Tuesday, March 24th. They issued a “hold” rating and a $91.00 price target for the company. Wells Fargo & Company raised ONEOK from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $81.00 to $100.00 in a report on Wednesday, March 25th. Morgan Stanley reiterated an “overweight” rating and set a $104.00 target price on shares of ONEOK in a research report on Wednesday, January 28th. Scotiabank reissued an “outperform” rating and set a $91.00 target price on shares of ONEOK in a report on Friday, January 16th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of ONEOK in a research report on Monday, December 29th. Nine investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, ONEOK has an average rating of “Moderate Buy” and a consensus target price of $88.94.

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.