Korea Investment CORP Invests $35.55 Million in ONEOK, Inc. $OKE

Korea Investment CORP acquired a new stake in ONEOK, Inc. (NYSE:OKE) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 408,900 shares of the utilities provider’s stock, valued at approximately $35,550,000. Korea Investment CORP owned about 0.06% of ONEOK as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Zions Bancorporation National Association UT grew its stake in ONEOK by 73.3% in the 4th quarter. Zions Bancorporation National Association UT now owns 338 shares of the utilities provider’s stock valued at $25,000 after buying an additional 143 shares during the last quarter. Elyxium Wealth LLC acquired a new stake in ONEOK during the fourth quarter worth approximately $29,000. Cornerstone Financial Management LLC acquired a new stake in ONEOK during the fourth quarter worth approximately $29,000. Portus Wealth Advisors LLC bought a new stake in shares of ONEOK during the first quarter worth approximately $33,000. Finally, Wilkerson Advisory Group LLC boosted its holdings in shares of ONEOK by 51.4% during the first quarter. Wilkerson Advisory Group LLC now owns 392 shares of the utilities provider’s stock worth $35,000 after acquiring an additional 133 shares during the period. 69.13% of the stock is owned by institutional investors.

ONEOK Stock Performance

OKE opened at $93.43 on Friday. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.59 and a current ratio of 0.74. ONEOK, Inc. has a 52-week low of $64.02 and a 52-week high of $97.90. The firm has a market cap of $58.90 billion, a P/E ratio of 16.11, a price-to-earnings-growth ratio of 2.60 and a beta of 0.73. The business’s fifty day moving average is $90.09 and its 200-day moving average is $88.20.

ONEOK (NYSE:OKE) last issued its earnings results on Monday, August 3rd. The utilities provider reported $1.53 EPS for the quarter, beating the consensus estimate of $1.46 by $0.07. The company had revenue of $12.05 billion during the quarter, compared to analysts’ expectations of $8.95 billion. ONEOK had a net margin of 9.29% and a return on equity of 16.41%. During the same period in the previous year, the company earned $1.34 EPS. ONEOK has set its FY 2026 guidance at 5.680-5.680 EPS. Sell-side analysts expect that ONEOK, Inc. will post 5.84 EPS for the current fiscal year.

ONEOK Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Monday, August 3rd were given a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date was Monday, August 3rd. ONEOK’s payout ratio is currently 73.79%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Scotiabank lowered ONEOK from a “sector outperform” rating to a “sector perform” rating and lowered their target price for the stock from $92.00 to $89.00 in a research note on Thursday, April 30th. Morgan Stanley boosted their price target on ONEOK from $103.00 to $105.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 18th. TD Cowen upped their price objective on ONEOK from $85.00 to $90.00 and gave the company a “hold” rating in a report on Thursday, July 16th. Freedom Capital upgraded ONEOK from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 5th. Finally, Wells Fargo & Company dropped their target price on ONEOK from $100.00 to $98.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, ONEOK presently has a consensus rating of “Moderate Buy” and an average target price of $91.94.

Key Headlines Impacting ONEOK

Here are the key news stories impacting ONEOK this week:

• Positive Sentiment: US Capital Advisors raised its EPS forecasts across multiple periods, including Q3 2026 to $1.56 from $1.45, FY2026 to $5.90 from $5.67, FY2027 to $6.36 from $6.12, and FY2028 to $7.22 from $6.97. The firm’s FY2026 estimate is above the $5.82 analyst consensus, suggesting stronger expected operating performance. MarketBeat ONEOK analyst estimates
• Positive Sentiment: The revisions also lifted forecasts for Q1 through Q4 2027, indicating that US Capital Advisors expects ONEOK’s earnings growth to continue beyond 2026.
• Positive Sentiment: Recent commentary describes ONEOK as a high-yield pipeline stock whose ongoing strength may be underestimated by investors, supporting the long-term income and growth narrative. High-Yield Pipeline Stock Investors Keep Underestimating
• Neutral Sentiment: Analysts maintain a consensus “Moderate Buy” rating for OKE, while Morgan Stanley has indicated that the stock could rise. These views provide support but do not represent new company-specific operating results. ONEOK Consensus Rating Morgan Stanley ONEOK Price Outlook
• Negative Sentiment: US Capital Advisors downgraded ONEOK from “Strong Buy” to “Moderate Buy.” Although the firm raised its earnings estimates, the less-optimistic rating may be pressuring the stock today, particularly after OKE’s recent strong run toward its 52-week high. Zacks ONEOK rating update

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.