National Pension Service Buys 106,851 Shares of ONEOK, Inc. $OKE

National Pension Service increased its stake in ONEOK, Inc. (NYSE:OKE) by 12.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 964,800 shares of the utilities provider’s stock after purchasing an additional 106,851 shares during the quarter. National Pension Service’s holdings in ONEOK were worth $70,913,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the stock. SBI Okasan Asset Management Co.Ltd. bought a new stake in ONEOK during the fourth quarter valued at about $103,000. Northwestern Mutual Wealth Management Co. raised its holdings in ONEOK by 197.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 227,606 shares of the utilities provider’s stock valued at $16,729,000 after acquiring an additional 151,185 shares during the period. Ilmarinen Mutual Pension Insurance Co raised its holdings in ONEOK by 33.3% during the fourth quarter. Ilmarinen Mutual Pension Insurance Co now owns 100,000 shares of the utilities provider’s stock valued at $7,350,000 after acquiring an additional 25,000 shares during the period. Savant Capital LLC raised its holdings in ONEOK by 61.3% during the fourth quarter. Savant Capital LLC now owns 17,069 shares of the utilities provider’s stock valued at $1,255,000 after acquiring an additional 6,489 shares during the period. Finally, Moors & Cabot Inc. raised its holdings in ONEOK by 3.3% during the fourth quarter. Moors & Cabot Inc. now owns 90,516 shares of the utilities provider’s stock valued at $6,653,000 after acquiring an additional 2,892 shares during the period. 69.13% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on OKE shares. Royal Bank Of Canada raised their price target on ONEOK from $79.00 to $84.00 and gave the company a “sector perform” rating in a report on Thursday, March 19th. Weiss Ratings raised ONEOK from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 18th. Truist Financial raised their price target on ONEOK from $91.00 to $93.00 and gave the company a “hold” rating in a report on Monday, May 4th. JPMorgan Chase & Co. raised their price target on ONEOK from $91.00 to $92.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Finally, Barclays raised their price target on ONEOK from $82.00 to $90.00 and gave the company an “equal weight” rating in a report on Thursday, April 30th. Eight research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $91.88.

ONEOK Trading Down 3.4%

Shares of ONEOK stock opened at $84.05 on Friday. The firm has a market cap of $52.95 billion, a price-to-earnings ratio of 14.98, a PEG ratio of 6.23 and a beta of 0.78. The business has a 50-day moving average price of $88.85 and a 200-day moving average price of $81.26. The company has a quick ratio of 0.56, a current ratio of 0.71 and a debt-to-equity ratio of 1.37. ONEOK, Inc. has a twelve month low of $64.02 and a twelve month high of $96.07.

ONEOK (NYSE:OKE) last issued its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $1.23 earnings per share for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.07). The firm 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 quarter in the previous year, the business earned $1.04 EPS. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. Equities research analysts anticipate that ONEOK, Inc. will post 5.76 EPS for the current fiscal year.

ONEOK Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 4th were given a dividend of $1.07 per share. The ex-dividend date was Monday, May 4th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 5.1%. ONEOK’s dividend payout ratio (DPR) is presently 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.