ONEOK, Inc. $OKE Shares Bought by Miller Howard Investments Inc. NY

Miller Howard Investments Inc. NY raised its holdings in ONEOK, Inc. (NYSE:OKE) by 26.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 358,317 shares of the utilities provider’s stock after purchasing an additional 75,105 shares during the quarter. Miller Howard Investments Inc. NY’s holdings in ONEOK were worth $32,388,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of OKE. Brighton Jones LLC boosted its stake in ONEOK by 137.1% during the fourth quarter. Brighton Jones LLC now owns 15,278 shares of the utilities provider’s stock worth $1,534,000 after buying an additional 8,834 shares during the period. Empowered Funds LLC raised its stake in shares of ONEOK by 0.8% in the 1st quarter. Empowered Funds LLC now owns 17,957 shares of the utilities provider’s stock valued at $1,782,000 after acquiring an additional 137 shares during the period. Acadian Asset Management LLC acquired a new position in shares of ONEOK in the 1st quarter worth approximately $216,000. Federated Hermes Inc. lifted its holdings in shares of ONEOK by 14.0% in the 2nd quarter. Federated Hermes Inc. now owns 3,120 shares of the utilities provider’s stock worth $255,000 after acquiring an additional 383 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its position in shares of ONEOK by 3.9% during the 2nd quarter. NewEdge Advisors LLC now owns 130,347 shares of the utilities provider’s stock worth $10,640,000 after purchasing an additional 4,902 shares during the period. Institutional investors and hedge funds own 69.13% of the company’s stock.

ONEOK Price Performance

Shares of OKE opened at $88.02 on Wednesday. The company has a market cap of $55.46 billion, a P/E ratio of 15.69, a PEG ratio of 6.45 and a beta of 0.74. ONEOK, Inc. has a fifty-two week low of $64.02 and a fifty-two week high of $96.07. The company has a quick ratio of 0.56, a current ratio of 0.71 and a debt-to-equity ratio of 1.37. The firm’s 50 day moving average price is $88.09 and its 200 day moving average price is $83.34.

ONEOK (NYSE:OKE) last issued its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $1.23 EPS for the quarter, missing the consensus estimate of $1.30 by ($0.07). The business had revenue of $9.62 billion during the quarter, compared to analysts’ expectations 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 business earned $1.04 EPS. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. On average, research analysts forecast 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 paid a $1.07 dividend. This represents a $4.28 annualized dividend and a dividend yield of 4.9%. The ex-dividend date was Monday, May 4th. ONEOK’s dividend payout ratio (DPR) is presently 76.29%.

Analyst Ratings Changes

OKE has been the subject of several research reports. Wells Fargo & Company dropped their target price on shares of ONEOK from $100.00 to $98.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. Truist Financial raised their price target on ONEOK from $91.00 to $93.00 and gave the stock a “hold” rating in a research report on Monday, May 4th. Scotiabank cut ONEOK from a “sector outperform” rating to a “sector perform” rating and dropped their price objective for the company from $92.00 to $89.00 in a research note on Thursday, April 30th. Weiss Ratings upgraded ONEOK from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 18th. Finally, JPMorgan Chase & Co. increased their target price on ONEOK from $91.00 to $92.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Eight equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average 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.