Maryland State Retirement & Pension System Buys 9,504 Shares of ONEOK, Inc. $OKE

Maryland State Retirement & Pension System grew its stake in ONEOK, Inc. (NYSE:OKE) by 1.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 624,177 shares of the utilities provider’s stock after purchasing an additional 9,504 shares during the period. ONEOK comprises about 0.9% of Maryland State Retirement & Pension System’s investment portfolio, making the stock its 18th biggest position. Maryland State Retirement & Pension System owned about 0.10% of ONEOK worth $45,877,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Crawford Investment Counsel Inc. raised its stake in shares of ONEOK by 2.9% in the 4th quarter. Crawford Investment Counsel Inc. now owns 292,135 shares of the utilities provider’s stock valued at $21,472,000 after buying an additional 8,362 shares in the last quarter. Captrust Financial Advisors raised its stake in shares of ONEOK by 1.3% in the 4th quarter. Captrust Financial Advisors now owns 109,977 shares of the utilities provider’s stock valued at $8,083,000 after buying an additional 1,440 shares in the last quarter. &PARTNERS raised its stake in shares of ONEOK by 9.2% in the 4th quarter. &PARTNERS now owns 127,451 shares of the utilities provider’s stock valued at $9,371,000 after buying an additional 10,700 shares in the last quarter. Royal Bank of Canada raised its stake in shares of ONEOK by 70.7% in the 4th quarter. Royal Bank of Canada now owns 2,306,880 shares of the utilities provider’s stock valued at $169,557,000 after buying an additional 955,100 shares in the last quarter. Finally, Carret Asset Management LLC raised its stake in shares of ONEOK by 2.9% in the 4th quarter. Carret Asset Management LLC now owns 33,152 shares of the utilities provider’s stock valued at $2,437,000 after buying an additional 938 shares in the last quarter. 69.13% of the stock is currently owned by institutional investors and hedge funds.

ONEOK Stock Down 1.4%

ONEOK stock opened at $86.22 on Wednesday. The company’s 50 day simple moving average is $88.25 and its 200 day simple moving average is $82.88. ONEOK, Inc. has a fifty-two week low of $64.02 and a fifty-two week high of $96.07. The firm has a market capitalization of $54.32 billion, a price-to-earnings ratio of 15.37, a PEG ratio of 6.54 and a beta of 0.74. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.71 and a quick ratio of 0.56.

ONEOK (NYSE:OKE) last released its quarterly earnings data 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 firm had revenue of $9.62 billion for the quarter, compared to the consensus estimate of $8.23 billion. ONEOK had a return on equity of 16.06% and a net margin of 10.03%.During the same period in the previous year, the business earned $1.04 EPS. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. As a group, sell-side analysts anticipate that ONEOK, Inc. will post 5.72 EPS for the current year.

ONEOK Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Monday, May 4th were issued a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a yield of 5.0%. The ex-dividend date was Monday, May 4th. ONEOK’s dividend payout ratio (DPR) is 76.29%.

Wall Street Analyst Weigh In

OKE has been the subject of a number of recent analyst reports. Jefferies Financial Group increased their target price on shares of ONEOK from $98.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, April 8th. Truist Financial increased their target price on shares of ONEOK from $91.00 to $93.00 and gave the stock a “hold” rating in a research report on Monday, May 4th. Citigroup increased their target price on shares of ONEOK from $95.00 to $97.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Weiss Ratings upgraded shares of ONEOK from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, May 18th. Finally, Scotiabank cut shares of ONEOK from a “sector outperform” rating to a “sector perform” rating and dropped their target price for the stock from $92.00 to $89.00 in a research report on Thursday, April 30th. Eight equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, ONEOK presently has a consensus rating of “Hold” and an average target price of $91.88.

About ONEOK

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.