ONEOK, Inc. $OKE Shares Sold by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund decreased its holdings in shares of ONEOK, Inc. (NYSE:OKE) by 5.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 877,874 shares of the utilities provider’s stock after selling 47,056 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in ONEOK were worth $64,524,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Hoxton Planning & Management LLC boosted its stake in shares of ONEOK by 2.3% during the fourth quarter. Hoxton Planning & Management LLC now owns 5,372 shares of the utilities provider’s stock worth $395,000 after buying an additional 120 shares during the period. Disciplined Investments LLC boosted its stake in shares of ONEOK by 0.6% during the fourth quarter. Disciplined Investments LLC now owns 21,577 shares of the utilities provider’s stock worth $1,586,000 after buying an additional 125 shares during the period. TCV Trust & Wealth Management Inc. boosted its stake in shares of ONEOK by 4.2% during the fourth quarter. TCV Trust & Wealth Management Inc. now owns 3,290 shares of the utilities provider’s stock worth $242,000 after buying an additional 133 shares during the period. Loomis Sayles & Co. L P boosted its stake in shares of ONEOK by 14.8% during the fourth quarter. Loomis Sayles & Co. L P now owns 1,034 shares of the utilities provider’s stock worth $76,000 after buying an additional 133 shares during the period. Finally, Empowered Funds LLC lifted its position in ONEOK by 0.8% in 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. Institutional investors and hedge funds own 69.13% of the company’s stock.

ONEOK Trading Down 0.2%

Shares of ONEOK stock opened at $90.40 on Monday. ONEOK, Inc. has a 12-month low of $64.02 and a 12-month high of $96.07. 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 stock has a market cap of $56.95 billion, a PE ratio of 16.11, a price-to-earnings-growth ratio of 6.77 and a beta of 0.74. The company has a 50-day moving average of $88.31 and a two-hundred day moving average of $82.66.

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). ONEOK had a return on equity of 16.06% and a net margin of 10.03%.The business had revenue of $9.62 billion for the quarter, compared to analysts’ expectations of $8.23 billion. During the same period last year, the business earned $1.04 earnings per share. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. On average, research analysts anticipate that ONEOK, Inc. will post 5.72 EPS for the current fiscal year.

ONEOK Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 4th were paid a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend was Monday, May 4th. ONEOK’s dividend payout ratio (DPR) is 76.29%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Citigroup raised their price objective on shares of ONEOK from $95.00 to $97.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Wall Street Zen upgraded shares of ONEOK from a “sell” rating to a “hold” rating in a research report on Tuesday, May 26th. Scotiabank downgraded shares of ONEOK from a “sector outperform” rating to a “sector perform” rating and reduced their price objective for the company from $92.00 to $89.00 in a research report on Thursday, April 30th. Morgan Stanley raised their price objective on shares of ONEOK from $104.00 to $113.00 and gave the company an “overweight” rating in a research report on Tuesday, April 7th. Finally, JPMorgan Chase & Co. raised their price objective on shares of ONEOK from $91.00 to $92.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Eight equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $91.88.

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.