ONEOK, Inc. $OKE Shares Purchased by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA boosted its stake in ONEOK, Inc. (NYSE:OKE) by 83.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,827 shares of the utilities provider’s stock after acquiring an additional 5,382 shares during the period. Massachusetts Financial Services Co. MA’s holdings in ONEOK were worth $1,028,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Zions Bancorporation National Association UT grew its position in ONEOK by 73.3% during the 4th quarter. Zions Bancorporation National Association UT now owns 338 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 143 shares during the last quarter. Elyxium Wealth LLC acquired a new stake in shares of ONEOK in the 4th quarter worth $29,000. Cornerstone Financial Management LLC acquired a new stake in ONEOK in the fourth quarter valued at about $29,000. Portus Wealth Advisors LLC acquired a new stake in shares of ONEOK in the 1st quarter valued at approximately $33,000. Finally, Wilkerson Advisory Group LLC lifted its holdings in ONEOK by 51.4% in the first quarter. Wilkerson Advisory Group LLC now owns 392 shares of the utilities provider’s stock valued at $35,000 after acquiring an additional 133 shares during the period. Hedge funds and other institutional investors own 69.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on OKE shares. Royal Bank Of Canada boosted their target price on ONEOK from $84.00 to $90.00 and gave the stock a “sector perform” rating in a research report on Tuesday, July 21st. Freedom Capital raised shares of ONEOK from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 5th. Barclays decreased their target price on shares of ONEOK from $90.00 to $88.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 8th. Truist Financial lifted their target price on shares of ONEOK from $91.00 to $93.00 and gave the stock a “hold” rating in a research note on Monday, May 4th. Finally, Citigroup boosted their price target on ONEOK from $95.00 to $97.00 and gave the company a “buy” rating in a report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $91.81.

ONEOK Trading Up 2.5%

Shares of OKE stock opened at $94.99 on Friday. The company has a quick ratio of 0.59, a current ratio of 0.74 and a debt-to-equity ratio of 1.34. ONEOK, Inc. has a fifty-two week low of $64.02 and a fifty-two week high of $96.07. The firm’s 50 day moving average price is $89.48 and its two-hundred day moving average price is $87.61. The stock has a market cap of $59.88 billion, a price-to-earnings ratio of 16.38, a price-to-earnings-growth ratio of 4.83 and a beta of 0.73.

ONEOK (NYSE:OKE) last announced its earnings results on Monday, August 3rd. The utilities provider reported $1.53 EPS for the quarter, beating the consensus estimate of $1.46 by $0.07. The business had revenue of $12.05 billion for the quarter, compared to the consensus estimate of $8.95 billion. ONEOK had a return on equity of 16.41% and a net margin of 9.29%.During the same period last year, the business posted $1.34 EPS. ONEOK has set its FY 2026 guidance at 5.680-5.680 EPS. On average, analysts anticipate that ONEOK, Inc. will post 5.87 EPS for the current year.

ONEOK Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Monday, August 3rd were issued a dividend of $1.07 per share. The ex-dividend date was Monday, August 3rd. This represents a $4.28 annualized dividend and a yield of 4.5%. ONEOK’s payout ratio is currently 73.79%.

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.