ONEOK, Inc. $OKE Holdings Raised by Hodges Capital Management Inc.

Hodges Capital Management Inc. grew its stake in shares of ONEOK, Inc. (NYSE:OKE) by 3.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 156,497 shares of the utilities provider’s stock after purchasing an additional 5,906 shares during the period. Hodges Capital Management Inc.’s holdings in ONEOK were worth $11,503,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Capital International Investors purchased a new stake in ONEOK in the 4th quarter worth about $586,500,000. Norges Bank purchased a new stake in ONEOK in the 4th quarter worth about $564,867,000. First Eagle Investment Management LLC lifted its stake in ONEOK by 46.3% in the 4th quarter. First Eagle Investment Management LLC now owns 11,365,304 shares of the utilities provider’s stock worth $835,350,000 after acquiring an additional 3,596,089 shares in the last quarter. Danske Bank A S lifted its stake in ONEOK by 3,538.4% in the 4th quarter. Danske Bank A S now owns 1,691,433 shares of the utilities provider’s stock worth $124,320,000 after acquiring an additional 1,644,945 shares in the last quarter. Finally, Man Group plc lifted its stake in ONEOK by 292.1% in the 2nd quarter. Man Group plc now owns 1,558,993 shares of the utilities provider’s stock worth $127,261,000 after acquiring an additional 1,161,352 shares in the last quarter. 69.13% of the stock is owned by hedge funds and other institutional investors.

ONEOK Stock Performance

Shares of OKE stock opened at $90.70 on Thursday. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.71 and a quick ratio of 0.56. ONEOK, Inc. has a fifty-two week low of $64.02 and a fifty-two week high of $96.07. The stock’s 50-day moving average is $88.28 and its two-hundred day moving average is $82.39. The firm has a market cap of $57.14 billion, a P/E ratio of 16.17, a PEG ratio of 6.56 and a beta of 0.74.

ONEOK (NYSE:OKE) last issued its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $1.23 EPS for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.07). The company had revenue of $9.62 billion for the quarter, compared to analyst estimates of $8.23 billion. ONEOK had a net margin of 10.03% and a return on equity of 16.06%. During the same period in the prior year, the company posted $1.04 EPS. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. Analysts predict that ONEOK, Inc. will post 5.72 earnings per share for the current fiscal year.

ONEOK Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 4th were issued a dividend of $1.07 per share. The ex-dividend date of this dividend was Monday, May 4th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 4.7%. ONEOK’s dividend payout ratio is currently 76.29%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on OKE. Jefferies Financial Group increased their price objective on ONEOK from $98.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, April 8th. Morgan Stanley increased their price objective on ONEOK from $104.00 to $113.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 7th. Wolfe Research downgraded ONEOK from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, February 25th. Wells Fargo & Company reduced their price objective on ONEOK from $100.00 to $98.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. Finally, Raymond James Financial reissued an “outperform” rating and issued a $92.00 price objective on shares of ONEOK in a research note on Thursday, April 30th. Eight equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $91.88.

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.