Commerzbank Aktiengesellschaft FI Purchases 53,401 Shares of ONEOK, Inc. $OKE

Commerzbank Aktiengesellschaft FI lifted its position in ONEOK, Inc. (NYSE:OKEFree Report) by 200.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 80,080 shares of the utilities provider’s stock after buying an additional 53,401 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in ONEOK were worth $5,886,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. National Pension Service increased its holdings in ONEOK by 2.9% during the third quarter. National Pension Service now owns 857,949 shares of the utilities provider’s stock valued at $62,605,000 after buying an additional 24,003 shares during the last quarter. Hudson Edge Investment Partners Inc. increased its holdings in ONEOK by 34.1% during the third quarter. Hudson Edge Investment Partners Inc. now owns 87,667 shares of the utilities provider’s stock valued at $6,397,000 after buying an additional 22,282 shares during the last quarter. Legal & General Group Plc increased its holdings in ONEOK by 1.6% during the third quarter. Legal & General Group Plc now owns 5,218,376 shares of the utilities provider’s stock valued at $380,785,000 after buying an additional 80,683 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in ONEOK by 29.6% during the third quarter. Jones Financial Companies Lllp now owns 534,285 shares of the utilities provider’s stock valued at $39,401,000 after buying an additional 121,891 shares during the last quarter. Finally, Capital Management Corp VA increased its holdings in ONEOK by 49.2% during the third quarter. Capital Management Corp VA now owns 228,882 shares of the utilities provider’s stock valued at $16,702,000 after buying an additional 75,450 shares during the last quarter. Institutional investors own 69.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on OKE. Freedom Capital raised shares of ONEOK from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 5th. Barclays increased their price objective on shares of ONEOK from $82.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 30th. Royal Bank Of Canada increased their price objective on shares of ONEOK from $79.00 to $84.00 and gave the stock a “sector perform” rating in a research note on Thursday, March 19th. Weiss Ratings reissued a “hold (c+)” rating on shares of ONEOK in a research note on Monday, May 4th. Finally, UBS Group reduced their price objective on shares of ONEOK from $114.00 to $103.00 and set a “buy” rating for the company in a research note on Thursday, January 22nd. Seven research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat, ONEOK has a consensus rating of “Hold” and an average price target of $91.88.

Check Out Our Latest Stock Report on ONEOK

ONEOK Stock Performance

OKE opened at $92.31 on Friday. The stock has a market capitalization of $58.16 billion, a price-to-earnings ratio of 16.45, a PEG ratio of 6.64 and a beta of 0.78. The company has a fifty day moving average of $87.77 and a 200 day moving average of $79.58. ONEOK, Inc. has a fifty-two week low of $64.02 and a fifty-two week high of $95.30. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.56 and a current ratio of 0.71.

ONEOK (NYSE:OKEGet Free Report) last posted its earnings results on Tuesday, April 28th. The utilities provider reported $1.23 earnings per share for the quarter, missing the consensus estimate of $1.30 by ($0.07). The company had revenue of $9.62 billion for the quarter, compared to analysts’ expectations of $8.23 billion. ONEOK had a net margin of 10.03% and a return on equity of 16.06%. During the same period in the previous year, the business 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 forecast that ONEOK, Inc. will post 5.73 earnings per share for the current fiscal year.

ONEOK Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 4th were issued a $1.07 dividend. This represents a $4.28 annualized dividend and a dividend yield of 4.6%. The ex-dividend date was Monday, May 4th. ONEOK’s dividend payout ratio (DPR) is 76.29%.

ONEOK Company Profile

(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.

See Also

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Institutional Ownership by Quarter for ONEOK (NYSE:OKE)

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