ONEOK, Inc. $OKE Shares Acquired by PensionDanmark Pensionsforsikringsaktieselskab

PensionDanmark Pensionsforsikringsaktieselskab lifted its holdings in shares of ONEOK, Inc. (NYSE:OKE) by 11.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 124,460 shares of the utilities provider’s stock after acquiring an additional 12,800 shares during the period. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in ONEOK were worth $10,821,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of OKE. Clearstead Trust LLC boosted its stake in shares of ONEOK by 4.7% in the first quarter. Clearstead Trust LLC now owns 2,632 shares of the utilities provider’s stock valued at $238,000 after purchasing an additional 117 shares during the period. Hoxton Planning & Management LLC lifted its holdings in ONEOK by 2.3% in the 4th 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 in the last quarter. Welch Group LLC boosted its position in ONEOK by 0.8% in the 1st quarter. Welch Group LLC now owns 14,859 shares of the utilities provider’s stock valued at $1,343,000 after buying an additional 122 shares during the last quarter. Pine Valley Investments Ltd Liability Co boosted its position in ONEOK by 0.5% in the 1st quarter. Pine Valley Investments Ltd Liability Co now owns 26,261 shares of the utilities provider’s stock valued at $2,374,000 after buying an additional 122 shares during the last quarter. Finally, FAS Wealth Partners Inc. grew its stake in shares of ONEOK by 2.1% during the first quarter. FAS Wealth Partners Inc. now owns 6,057 shares of the utilities provider’s stock valued at $548,000 after acquiring an additional 123 shares in the last quarter. Hedge funds and other institutional investors own 69.13% of the company’s stock.

ONEOK Stock Performance

Shares of OKE stock opened at $86.33 on Friday. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.56 and a current ratio of 0.74. ONEOK, Inc. has a one year low of $64.02 and a one year high of $96.07. The company’s 50-day simple moving average is $88.95 and its 200-day simple moving average is $87.04. The stock has a market capitalization of $54.42 billion, a price-to-earnings ratio of 14.89, a PEG ratio of 4.58 and a beta of 0.73.

ONEOK (NYSE:OKE) last announced its quarterly earnings data on Monday, August 3rd. The utilities provider reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.07. ONEOK had a return on equity of 16.41% and a net margin of 9.29%.The firm had revenue of $12.05 billion during the quarter, compared to analyst estimates of $8.95 billion. During the same period in the previous year, the company earned $1.34 earnings per share. ONEOK has set its FY 2026 guidance at 5.680-5.680 EPS. Equities analysts anticipate that ONEOK, Inc. will post 5.87 earnings per share for the current fiscal year.

ONEOK Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Monday, August 3rd will be given a $1.07 dividend. The ex-dividend date is Monday, August 3rd. This represents a $4.28 annualized dividend and a dividend yield of 5.0%. ONEOK’s dividend payout ratio (DPR) is presently 73.79%.

Wall Street Analysts Forecast Growth

OKE has been the topic of several recent analyst reports. Royal Bank Of Canada boosted their price target on ONEOK from $84.00 to $90.00 and gave the stock a “sector perform” rating in a research note on Tuesday, July 21st. Truist Financial raised their price objective on ONEOK from $91.00 to $93.00 and gave the company a “hold” rating in a research note on Monday, May 4th. Morgan Stanley restated an “equal weight” rating and set a $103.00 price objective (down from $113.00) on shares of ONEOK in a report on Wednesday, July 29th. JPMorgan Chase & Co. increased their target price on ONEOK from $91.00 to $92.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Finally, Citigroup raised their price target on shares of ONEOK from $95.00 to $97.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $91.81.

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.