Canada Post Corp Registered Pension Plan Has $1.25 Million Stake in ONEOK, Inc. $OKE

Canada Post Corp Registered Pension Plan lifted its holdings in shares of ONEOK, Inc. (NYSE:OKE) by 52.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,974 shares of the utilities provider’s stock after buying an additional 5,840 shares during the quarter. Canada Post Corp Registered Pension Plan’s holdings in ONEOK were worth $1,248,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of OKE. TCV Trust & Wealth Management Inc. grew its holdings in ONEOK by 4.2% during the fourth 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 period. Empowered Funds LLC grew its holdings in ONEOK by 0.8% during the first 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 period. Fourpath Capital Management LLC grew its holdings in ONEOK by 1.6% during the fourth 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 period. JFS Wealth Advisors LLC grew its holdings in ONEOK by 8.4% during the fourth quarter. JFS Wealth Advisors LLC now owns 1,864 shares of the utilities provider’s stock valued at $137,000 after purchasing an additional 144 shares during the period. Finally, Avion Wealth grew its holdings in ONEOK by 20.3% during the fourth quarter. Avion Wealth now owns 882 shares of the utilities provider’s stock valued at $64,000 after purchasing an additional 149 shares during the period. Institutional investors and hedge funds own 69.13% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Royal Bank Of Canada boosted their price objective on shares of ONEOK from $79.00 to $84.00 and gave the company a “sector perform” rating in a report on Thursday, March 19th. Scotiabank cut shares of ONEOK from a “sector outperform” rating to a “sector perform” rating and decreased their price objective for the company from $92.00 to $89.00 in a report on Thursday, April 30th. TD Cowen boosted their price objective on shares of ONEOK from $80.00 to $85.00 and gave the company a “hold” rating in a report on Thursday, April 30th. Mizuho set a $89.00 price objective on shares of ONEOK in a report on Monday, February 23rd. Finally, Jefferies Financial Group boosted their price objective on shares of ONEOK from $98.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, April 8th. Seven research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $91.88.

ONEOK Stock Up 1.6%

ONEOK stock opened at $93.77 on Tuesday. The stock has a market capitalization of $59.08 billion, a PE ratio of 16.71, a price-to-earnings-growth ratio of 6.71 and a beta of 0.78. ONEOK, Inc. has a twelve month low of $64.02 and a twelve month high of $95.30. The company has a quick ratio of 0.56, a current ratio of 0.71 and a debt-to-equity ratio of 1.37. The company has a 50 day moving average of $87.93 and a 200-day moving average of $79.83.

ONEOK (NYSE:OKE) last released its quarterly 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 during the quarter, compared to analyst estimates of $8.23 billion. ONEOK had a net margin of 10.03% and a return on equity of 16.06%. During the same quarter last year, the company earned $1.04 EPS. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. On average, equities research analysts anticipate that ONEOK, Inc. will post 5.76 EPS for the current fiscal year.

ONEOK Announces Dividend

The business also recently declared 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 is 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.