320,516 Shares in ONEOK, Inc. $OKE Bought by Nykredit A S

Nykredit A S purchased a new position in ONEOK, Inc. (NYSE:OKE) in the 2nd quarter, Holdings Channel.com reports. The fund purchased 320,516 shares of the utilities provider’s stock, valued at approximately $27,866,000.

Other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. increased its holdings in shares of ONEOK by 8.7% in the second quarter. BlackRock Inc. now owns 64,537,467 shares of the utilities provider’s stock worth $5,610,887,000 after buying an additional 5,148,768 shares during the period. State Street Corp boosted its holdings in ONEOK by 1.7% during the 4th quarter. State Street Corp now owns 38,450,591 shares of the utilities provider’s stock valued at $2,826,118,000 after acquiring an additional 648,647 shares during the period. Charles Schwab Investment Management Inc. grew its position in ONEOK by 2.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 22,634,512 shares of the utilities provider’s stock worth $1,663,637,000 after acquiring an additional 599,248 shares during the last quarter. Geode Capital Management LLC grew its position in ONEOK by 3.2% during the 4th quarter. Geode Capital Management LLC now owns 16,596,172 shares of the utilities provider’s stock worth $1,215,107,000 after acquiring an additional 518,746 shares during the last quarter. Finally, First Eagle Investment Management LLC increased its stake 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 worth $835,350,000 after purchasing an additional 3,596,089 shares during the period. 69.13% of the stock is currently owned by hedge funds and other institutional investors.

ONEOK Price Performance

Shares of OKE stock opened at $95.76 on Friday. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.59 and a current ratio of 0.74. ONEOK, Inc. has a fifty-two week low of $64.02 and a fifty-two week high of $99.85. The firm has a market cap of $60.36 billion, a P/E ratio of 16.51, a P/E/G ratio of 2.68 and a beta of 0.74. The business’s 50 day moving average price is $91.55 and its 200-day moving average price is $89.07.

ONEOK (NYSE:OKE) last announced its quarterly earnings results on Monday, August 3rd. The utilities provider reported $1.53 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.07. The company had revenue of $12.05 billion during the quarter, compared to analyst estimates of $8.95 billion. ONEOK had a return on equity of 16.41% and a net margin of 9.29%.During the same quarter last year, the firm posted $1.34 earnings per share. ONEOK has set its FY 2026 guidance at 5.680-5.680 EPS. On average, equities research analysts anticipate that ONEOK, Inc. will post 5.84 earnings per share for the current year.

ONEOK Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Monday, August 3rd were given a $1.07 dividend. This represents a $4.28 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend was Monday, August 3rd. ONEOK’s dividend payout ratio (DPR) is currently 73.79%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Jefferies Financial Group boosted their price objective on ONEOK from $95.00 to $105.00 and gave the company a “hold” rating in a research report on Wednesday. Wall Street Zen upgraded shares of ONEOK from a “sell” rating to a “hold” rating in a report on Sunday, August 9th. Morgan Stanley lifted their target price on shares of ONEOK from $103.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 18th. Scotiabank increased their price target on shares of ONEOK from $89.00 to $95.00 and gave the company a “sector perform” rating in a research report on Tuesday. Finally, Citigroup raised their price target on shares of ONEOK from $97.00 to $108.00 and gave the stock a “buy” rating in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $95.50.

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.