Mediolanum International Funds Ltd Has $3.52 Million Holdings in ONEOK, Inc. $OKE

Mediolanum International Funds Ltd increased its stake in shares of ONEOK, Inc. (NYSE:OKE) by 42.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,860 shares of the utilities provider’s stock after acquiring an additional 11,360 shares during the period. Mediolanum International Funds Ltd’s holdings in ONEOK were worth $3,519,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Zions Bancorporation National Association UT raised its position in ONEOK by 73.3% during the fourth quarter. Zions Bancorporation National Association UT now owns 338 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 143 shares in the last quarter. Elyxium Wealth LLC bought a new stake in shares of ONEOK in the fourth quarter valued at about $29,000. Cornerstone Financial Management LLC acquired a new stake in shares of ONEOK in the fourth quarter valued at approximately $29,000. SRH Advisors LLC lifted its position in shares of ONEOK by 122.3% during the 4th 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, Portus Wealth Advisors LLC bought a new stake in shares of ONEOK during the 1st quarter worth approximately $33,000. 69.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on OKE shares. Citigroup lifted their price target on shares of ONEOK from $95.00 to $97.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Jefferies Financial Group boosted their target price on shares of ONEOK from $98.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, April 8th. Scotiabank downgraded shares of ONEOK from a “sector outperform” rating to a “sector perform” rating and lowered their price target for the stock from $92.00 to $89.00 in a report on Thursday, April 30th. Wall Street Zen raised ONEOK from a “sell” rating to a “hold” rating in a report on Tuesday, May 26th. Finally, Wells Fargo & Company reduced their price objective on ONEOK from $100.00 to $98.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. 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, the company currently has an average rating of “Hold” and a consensus price target of $92.06.

ONEOK Stock Up 0.1%

ONEOK stock opened at $93.63 on Tuesday. The company has a quick ratio of 0.56, a current ratio of 0.71 and a debt-to-equity ratio of 1.37. ONEOK, Inc. has a 12-month low of $64.02 and a 12-month high of $96.07. The firm’s fifty day moving average is $89.29 and its 200 day moving average is $85.52. The company has a market capitalization of $59.00 billion, a PE ratio of 16.69, a PEG ratio of 6.99 and a beta of 0.73.

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

ONEOK Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Monday, August 3rd will be given a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date of this dividend is Monday, August 3rd. ONEOK’s dividend payout ratio (DPR) is presently 76.29%.

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.