ONEOK, Inc. $OKE Shares Purchased by Dimensional Fund Advisors LP

by · The Cerbat Gem

Dimensional Fund Advisors LP increased its stake in shares of ONEOK, Inc. (NYSE:OKE – Free Report) by 3.5% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,552,597 shares of the utilities provider’s stock after buying an additional 187,880 shares during the quarter. Dimensional Fund Advisors LP’s holdings in ONEOK were worth $502,000,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in OKE. Zions Bancorporation National Association UT increased its stake in shares of ONEOK by 73.3% in the 4th 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 during the last quarter. Elyxium Wealth LLC purchased a new position in shares of ONEOK during the 4th quarter worth $29,000. Cornerstone Financial Management LLC acquired a new position in shares of ONEOK during the 4th quarter valued at about $29,000. SRH Advisors LLC boosted 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 last quarter. Finally, Portus Wealth Advisors LLC purchased a new stake in shares of ONEOK in the first quarter valued at about $33,000. Institutional investors and hedge funds own 69.13% of the company’s stock.

ONEOK Stock Performance

Shares of ONEOK stock opened at $93.63 on Tuesday. The stock has a market capitalization of $59.00 billion, a price-to-earnings ratio of 16.69, a price-to-earnings-growth ratio of 6.99 and a beta of 0.73. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.71 and a quick ratio of 0.56. The business has a 50-day moving average of $89.29 and a 200 day moving average of $85.52. ONEOK, Inc. has a 12 month low of $64.02 and a 12 month high of $96.07.

ONEOK (NYSE:OKE – Get Free Report) last issued its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.30 by ($0.07). ONEOK had a return on equity of 16.06% and a net margin of 10.03%.The business had revenue of $9.62 billion for the quarter, compared to analyst estimates of $8.23 billion. 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. As a group, sell-side analysts forecast that ONEOK, Inc. will post 5.72 earnings per share for the current year.

ONEOK Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Wall Street Zen upgraded shares of ONEOK from a “sell” rating to a “hold” rating in a report on Tuesday, May 26th. Raymond James Financial restated an “outperform” rating and set a $92.00 price target on shares of ONEOK in a report on Thursday, April 30th. Truist Financial lifted their price target on shares of ONEOK from $91.00 to $93.00 and gave the company 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 decreased their price objective for the company from $92.00 to $89.00 in a report on Thursday, April 30th. Finally, TD Cowen increased their price objective on ONEOK from $85.00 to $90.00 and gave the stock a “hold” rating in a research report on Thursday. Eight investment 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 stock presently has an average rating of “Hold” and an average target price of $92.06.

Check Out Our Latest Research Report on ONEOK

About ONEOK

(Free Report)

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.

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