National Pension Service raised its holdings in shares of ONEOK, Inc. (NYSE:OKE – Free Report) by 12.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 964,800 shares of the utilities provider’s stock after purchasing an additional 106,851 shares during the period. National Pension Service owned approximately 0.15% of ONEOK worth $70,913,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in the business. Disciplined Investments LLC boosted its stake in ONEOK by 0.6% during the 4th quarter. Disciplined Investments LLC now owns 21,577 shares of the utilities provider’s stock valued at $1,586,000 after purchasing an additional 125 shares during the last quarter. TCV Trust & Wealth Management Inc. boosted its stake in ONEOK by 4.2% during the 4th quarter. TCV Trust & Wealth Management Inc. now owns 3,290 shares of the utilities provider’s stock valued at $242,000 after purchasing an additional 133 shares during the last quarter. Empowered Funds LLC boosted its stake in ONEOK by 0.8% during the 1st quarter. Empowered Funds LLC now owns 17,957 shares of the utilities provider’s stock valued at $1,782,000 after purchasing an additional 137 shares during the last quarter. Fourpath Capital Management LLC boosted its stake in ONEOK by 1.6% during the 4th quarter. Fourpath Capital Management LLC now owns 8,628 shares of the utilities provider’s stock valued at $634,000 after purchasing an additional 140 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC lifted its holdings in shares of ONEOK by 14.9% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,092 shares of the utilities provider’s stock valued at $80,000 after buying an additional 142 shares during the period. 69.13% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several brokerages recently commented on OKE. Jefferies Financial Group lifted their price objective on ONEOK from $98.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, April 8th. TD Cowen upped their price objective on ONEOK from $80.00 to $85.00 and gave the company a “hold” rating in a research report on Thursday, April 30th. Wolfe Research cut ONEOK from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, February 25th. Mizuho set a $89.00 price objective on ONEOK in a research report on Monday, February 23rd. Finally, Wells Fargo & Company reduced their price objective on ONEOK from $100.00 to $98.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Eight investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $91.88.
ONEOK Stock Down 3.4%
Shares of OKE stock opened at $84.05 on Friday. ONEOK, Inc. has a 12 month low of $64.02 and a 12 month high of $96.07. The stock has a market cap of $52.95 billion, a P/E ratio of 14.98, a P/E/G ratio of 6.23 and a beta of 0.78. The company has a current ratio of 0.71, a quick ratio of 0.56 and a debt-to-equity ratio of 1.37. The company has a 50 day simple moving average of $88.85 and a two-hundred day simple moving average of $81.26.
ONEOK (NYSE:OKE – Get Free Report) last announced its earnings results on Tuesday, April 28th. The utilities provider reported $1.23 EPS for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.07). ONEOK had a return on equity of 16.06% and a net margin of 10.03%.The company had revenue of $9.62 billion during the quarter, compared to the consensus estimate of $8.23 billion. During the same period in the prior year, the business posted $1.04 earnings per share. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. On average, research analysts expect that ONEOK, Inc. will post 5.76 earnings per share for the current year.
ONEOK Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 4th were issued a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date of this dividend was Monday, May 4th. ONEOK’s dividend payout ratio (DPR) is currently 76.29%.
ONEOK Company 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.
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