5 Best Pipeline and MLP Stocks To Buy

3. ONEOK, Inc. (NYSE:OKE)

Number of Hedge Fund Holders: 36

ONEOK, Inc. (NYSE:OKE) is an American diversified corporation primarily focused on the natural gas industry, headquartered in Tulsa, Oklahoma. Originally founded in 1906 as Oklahoma Natural Gas Company, it changed its corporate name to ONEOK, Inc. (NYSE:OKE) in December 1980.

In September 2023, unit-holders of Magellan Midstream Partners voted in favor of its acquisition by larger rival ONEOK, Inc. (NYSE:OKE) for $18.8 billion, solidifying ONEOK, Inc. (NYSE:OKE)’s position as one of the largest energy pipeline companies in the United States.

In the third quarter of 2023, 36 hedge funds, as surveyed by Insider Monkey among the 910 hedge funds, held shares of ONEOK, Inc. (NYSE:OKE). During this period, Marshall Wace LLP, managed by Paul Marshall and Ian Wace, emerged as the company’s largest investor with a significant stake valued at $201.9 million.