ONEOK, Inc. $OKE Holdings Lifted by New York State Teachers Retirement System

New York State Teachers Retirement System raised its position in ONEOK, Inc. (NYSE:OKE) by 5.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 490,760 shares of the utilities provider’s stock after purchasing an additional 27,497 shares during the quarter. New York State Teachers Retirement System’s holdings in ONEOK were worth $44,360,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Capital International Investors bought a new position in ONEOK in the 4th quarter worth approximately $586,500,000. Norges Bank acquired a new stake in ONEOK in the 4th quarter valued at approximately $564,867,000. First Eagle Investment Management LLC increased its position in ONEOK by 46.3% in the 4th quarter. First Eagle Investment Management LLC now owns 11,365,304 shares of the utilities provider’s stock valued at $835,350,000 after acquiring an additional 3,596,089 shares during the period. Danske Bank A S raised its stake in ONEOK by 3,538.4% during the 4th quarter. Danske Bank A S now owns 1,691,433 shares of the utilities provider’s stock valued at $124,320,000 after acquiring an additional 1,644,945 shares in the last quarter. Finally, Man Group plc raised its stake in ONEOK by 292.1% during the 2nd quarter. Man Group plc now owns 1,558,993 shares of the utilities provider’s stock valued at $127,261,000 after acquiring an additional 1,161,352 shares in the last quarter. Institutional investors own 69.13% of the company’s stock.

ONEOK Stock Performance

OKE opened at $87.89 on Friday. The business has a 50 day moving average price of $88.59 and a two-hundred day moving average price of $84.01. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.71 and a quick ratio of 0.56. The company has a market capitalization of $55.38 billion, a price-to-earnings ratio of 15.67, a price-to-earnings-growth ratio of 6.57 and a beta of 0.73. ONEOK, Inc. has a 1-year low of $64.02 and a 1-year high of $96.07.

ONEOK (NYSE:OKE) last issued its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.30 by ($0.07). ONEOK had a net margin of 10.03% and a return on equity of 16.06%. The firm had revenue of $9.62 billion for the quarter, compared to analyst estimates of $8.23 billion. During the same quarter last year, the business posted $1.04 earnings per share. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. Research analysts predict that ONEOK, Inc. will post 5.72 EPS for the current fiscal year.

ONEOK Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 4th were issued a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date of this dividend was Monday, May 4th. ONEOK’s payout ratio is presently 76.29%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on OKE shares. Jefferies Financial Group increased their price target on ONEOK from $98.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, April 8th. TD Cowen lifted their price objective on shares of ONEOK from $80.00 to $85.00 and gave the company a “hold” rating in a research note on Thursday, April 30th. Morgan Stanley upped their price objective on shares of ONEOK from $104.00 to $113.00 and gave the stock an “overweight” rating in a report on Tuesday, April 7th. JPMorgan Chase & Co. increased their target price 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. Finally, Wall Street Zen raised shares of ONEOK from a “sell” rating to a “hold” rating in a research note on Tuesday, May 26th. Eight equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $91.88.

ONEOK 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.