Clearbridge Investments 13F: Adds $42M to ONEOK (OKE) Stake

Clearbridge Investments recently boosted its stake in ONEOK, Inc. (NYSE: OKE) by 10.8%, according to its latest SEC filing. The firm added 477,390 shares during the reporting period, bringing its total holdings to 4,912,420 shares valued at approximately $439.8 million.

What Changed in Clearbridge Investments' ONEOK, Inc. Position

Clearbridge Investments increased its investment in ONEOK, Inc. by 10.8%, raising its share count from 4,435,030 to 4,912,420. This adjustment added 477,390 shares to its portfolio, reflecting a vote of confidence from the investment firm. The total value of Clearbridge's stake in the energy company now stands at about $439.8 million.

Other Institutional Activity in ONEOK, Inc.

Several other institutional investors made notable changes to their ONEOK, Inc. positions. BlackRock, Inc. increased its holdings by 2,230,014 shares, reaching a total of 59,388,699 shares valued at approximately $5.37 billion, marking a 3.9% increase. State Street Corp added 3,123,790 shares, ending with 41,574,381 shares worth about $3.76 billion, representing an 8.1% increase. Vanguard Capital Management LLC opened a new position with 40,867,532 shares valued at $3.69 billion. Similarly, Vanguard Portfolio Management LLC initiated a stake with 30,817,918 shares valued at $2.79 billion. Meanwhile, Charles Schwab Investment Management Inc reduced its stake by 4,265,890 shares, bringing its total to 18,368,622 shares worth approximately $1.66 billion, a decrease of 18.8%.

ONEOK, Inc. Stock Down 2.1%

Shares of ONEOK, Inc. traded near $89.52 on Saturday. The company, with a market cap of $56.21 billion, has a P/E ratio of 15.96 and a forward P/E of 14.42. Its beta is 0.714, indicating lower volatility compared to the market. The stock's 52-week range is between $64.02 and $96.07. ONEOK's 50-day moving average is $88.35, while its 200-day moving average is $79.68. The company has a current ratio of 0.71 and a quick ratio of 0.492, with a debt-to-equity ratio of 149.64.

Recent Earnings

In its recent earnings report, ONEOK, Inc. posted revenue of $35.2 billion, with a revenue growth of 19.6%. The company achieved a net margin of 10.03% and a return on equity of 15.9%. Its earnings per share (EPS) stood at $5.59. The next earnings announcement is scheduled for August 3, 2026.

Dividend

ONEOK, Inc. offers an annual dividend rate of $4.28, resulting in a yield of 4.8%. The company's dividend payout ratio is 74.15%.

Insider Buying and Selling at ONEOK, Inc.

Recent insider activity at ONEOK, Inc. includes several transactions. On May 20, 2026, Eduardo Rodriguez purchased 1,476 shares at an average price of $92.15. Wayne Thomas Smith, Precious Owodunni, Mark McCollum, and Randall Larson each bought 1,845 shares on the same date at the same price. Earlier, on May 28, 2026, Mary Spears, the Senior Vice President and Chief Accounting Officer, sold 1,000 shares.

Analysts Set New Price Targets

JP Morgan maintained its hold rating on ONEOK, Inc. with a price target of $92 on May 8, 2026. On May 7, Citigroup reaffirmed its buy rating with a target of $97. Truist Securities and TD Cowen both maintained hold ratings with targets of $93 and $85, respectively, in early May. Scotiabank downgraded the stock to hold with a target of $89 on April 30, while Wells Fargo maintained a buy rating with a target of $98. The consensus among 21 analysts is a buy rating with a mean price target of $95.48.

About ONEOK, Inc.

ONEOK, Inc. is a major player in the energy sector, providing midstream services such as gathering, processing, and transportation of natural gas and natural gas liquids in the United States. Headquartered in Tulsa, Oklahoma, and led by CEO Pierce H. Norton II, the company operates in several key regions including the Mid-Continent, Permian Basin, and the Gulf Coast. With over 6,300 employees, ONEOK plays a crucial role in connecting natural gas producers with end markets.

Bottom Line

Clearbridge Investments' decision to increase its stake in ONEOK, Inc. reflects confidence in the company's prospects. Investors often track such movements as they provide insights into institutional sentiment. It's important to note that 13F filings are backward-looking and may not represent the investor's current position. As ONEOK continues to operate in the dynamic energy sector, its performance will be closely watched by both institutional and individual investors.