Nordea Investment Management AB Boosts Stock Position in ONEOK, Inc. $OKE

Nordea Investment Management AB increased its stake in shares of ONEOK, Inc. (NYSE:OKE) by 3.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 807,387 shares of the utilities provider’s stock after acquiring an additional 30,125 shares during the quarter. Nordea Investment Management AB’s holdings in ONEOK were worth $59,137,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Tounjian Advisory Partners LLC increased its stake in shares of ONEOK by 2.7% in the 4th quarter. Tounjian Advisory Partners LLC now owns 10,832 shares of the utilities provider’s stock worth $796,000 after acquiring an additional 280 shares during the last quarter. Northside Capital Management LLC boosted its position in shares of ONEOK by 7.3% during the 4th quarter. Northside Capital Management LLC now owns 16,613 shares of the utilities provider’s stock valued at $1,221,000 after acquiring an additional 1,136 shares during the last quarter. Sovereign Financial Group Inc. purchased a new stake in shares of ONEOK in the fourth quarter valued at about $206,000. Henrickson Nauta Wealth Advisors Inc. increased its position in ONEOK by 100.0% during the fourth quarter. Henrickson Nauta Wealth Advisors Inc. now owns 8,173 shares of the utilities provider’s stock worth $579,000 after purchasing an additional 4,086 shares during the last quarter. Finally, Hilltop National Bank increased its position in ONEOK by 17.1% during the fourth quarter. Hilltop National Bank now owns 15,419 shares of the utilities provider’s stock worth $1,133,000 after purchasing an additional 2,250 shares during the last quarter. Institutional investors and hedge funds own 69.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Mizuho set a $89.00 target price on shares of ONEOK in a report on Monday, February 23rd. Scotiabank restated an “outperform” rating and set a $91.00 price target on shares of ONEOK in a report on Friday, January 16th. Morgan Stanley reaffirmed an “overweight” rating and set a $104.00 price target on shares of ONEOK in a research report on Wednesday, January 28th. Wolfe Research cut ONEOK from an “outperform” rating to a “peer perform” rating in a report on Wednesday, February 25th. Finally, Wells Fargo & Company increased their price objective on ONEOK from $79.00 to $81.00 and gave the stock an “equal weight” rating in a research report on Friday, March 13th. Eight analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $87.53.

ONEOK Trading Up 0.8%

OKE opened at $89.90 on Tuesday. ONEOK, Inc. has a 52 week low of $64.02 and a 52 week high of $103.64. The business has a fifty day simple moving average of $82.44 and a 200-day simple moving average of $75.29. The firm has a market cap of $56.62 billion, a P/E ratio of 16.59, a P/E/G ratio of 6.79 and a beta of 0.93. The company has a quick ratio of 0.56, a current ratio of 0.71 and a debt-to-equity ratio of 1.36.

ONEOK (NYSE:OKE) last posted its quarterly earnings data on Monday, February 23rd. The utilities provider reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.50 by $0.05. ONEOK had a return on equity of 15.29% and a net margin of 10.09%.The firm had revenue of $9.07 billion for the quarter, compared to the consensus estimate of $8.77 billion. During the same quarter in the previous year, the business earned $1.57 EPS. ONEOK has set its FY 2026 guidance at 5.040-5.870 EPS. On average, equities analysts expect that ONEOK, Inc. will post 5.07 earnings per share for the current year.

ONEOK Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Monday, February 2nd were given a $1.07 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This represents a $4.28 annualized dividend and a yield of 4.8%. This is an increase from ONEOK’s previous quarterly dividend of $1.03. ONEOK’s dividend payout ratio is presently 78.97%.

About ONEOK

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.