OMERS ADMINISTRATION Corp Acquires Shares of 31,262 ONEOK, Inc. $OKE

OMERS ADMINISTRATION Corp acquired a new stake in shares of ONEOK, Inc. (NYSE:OKE) in the second quarter, HoldingsChannel.com reports. The fund acquired 31,262 shares of the utilities provider’s stock, valued at approximately $2,718,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Triune Financial Partners LLC bought a new position in ONEOK during the 4th quarter valued at approximately $1,151,000. Swiss Life Asset Management Ltd grew its position in shares of ONEOK by 219.5% in the 4th quarter. Swiss Life Asset Management Ltd now owns 1,522,404 shares of the utilities provider’s stock worth $111,897,000 after buying an additional 1,045,976 shares during the last quarter. Castle Rock Wealth Management LLC increased its stake in shares of ONEOK by 360.0% during the fourth quarter. Castle Rock Wealth Management LLC now owns 36,216 shares of the utilities provider’s stock valued at $2,815,000 after buying an additional 28,343 shares during the period. First Eagle Investment Management LLC raised its holdings in shares of ONEOK by 46.3% during the fourth 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 in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its stake in ONEOK by 3.5% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,297,858 shares of the utilities provider’s stock worth $168,943,000 after acquiring an additional 77,019 shares during the period. Institutional investors own 69.13% of the company’s stock.

ONEOK Trading Down 1.4%

NYSE:OKE opened at $91.74 on Wednesday. ONEOK, Inc. has a one year low of $64.02 and a one year high of $97.90. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.74 and a quick ratio of 0.59. The company’s 50-day simple moving average is $90.31 and its 200 day simple moving average is $88.48. The firm has a market capitalization of $57.83 billion, a P/E ratio of 15.82, a PEG ratio of 2.59 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, topping analysts’ consensus estimates of $1.46 by $0.07. ONEOK had a net margin of 9.29% and a return on equity of 16.41%. The business had revenue of $12.05 billion for the quarter, compared to analysts’ expectations of $8.95 billion. During the same quarter in the prior year, the company earned $1.34 earnings per share. ONEOK has set its FY 2026 guidance at 5.680-5.680 EPS. As a group, analysts forecast that ONEOK, Inc. will post 5.84 EPS for the current fiscal year.

ONEOK Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Monday, August 3rd were given a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend was Monday, August 3rd. ONEOK’s dividend payout ratio (DPR) is 73.79%.

Analysts Set New Price Targets

A number of brokerages have issued reports on OKE. Wall Street Zen raised shares of ONEOK from a “sell” rating to a “hold” rating in a research report on Sunday, August 9th. Royal Bank Of Canada lifted their target price on shares of ONEOK from $84.00 to $90.00 and gave the company a “sector perform” rating in a research note on Tuesday, July 21st. US Capital Advisors downgraded ONEOK from a “strong-buy” rating to a “moderate buy” rating in a report on Thursday, August 20th. Citigroup lifted their price target on ONEOK from $95.00 to $97.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Finally, Wells Fargo & Company reduced their price target on ONEOK from $100.00 to $98.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $91.94.

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.