National Pension Service Grows Stock Position in ONEOK, Inc. $OKE

National Pension Service grew its holdings in ONEOK, Inc. (NYSE:OKE) by 3.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,036,354 shares of the utilities provider’s stock after acquiring an additional 32,239 shares during the quarter. National Pension Service’s holdings in ONEOK were worth $90,101,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Engineers Gate Manager LP acquired a new stake in ONEOK in the 2nd quarter worth approximately $242,000. Cidel Asset Management Inc. increased its stake in ONEOK by 6.5% during the 2nd quarter. Cidel Asset Management Inc. now owns 4,985 shares of the utilities provider’s stock valued at $433,000 after purchasing an additional 306 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC raised its holdings in shares of ONEOK by 4.0% in the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,447 shares of the utilities provider’s stock worth $300,000 after buying an additional 134 shares during the last quarter. Integrated Wealth Concepts LLC raised its holdings in shares of ONEOK by 28.3% in the second quarter. Integrated Wealth Concepts LLC now owns 40,270 shares of the utilities provider’s stock worth $3,501,000 after buying an additional 8,893 shares during the last quarter. Finally, Baird Financial Group Inc. lifted its stake in shares of ONEOK by 12.6% during the second quarter. Baird Financial Group Inc. now owns 40,220 shares of the utilities provider’s stock worth $3,497,000 after buying an additional 4,492 shares during the period. Hedge funds and other institutional investors own 69.13% of the company’s stock.

ONEOK Price Performance

NYSE:OKE opened at $96.72 on Friday. The company has a quick ratio of 0.59, a current ratio of 0.74 and a debt-to-equity ratio of 1.34. ONEOK, Inc. has a 52 week low of $64.02 and a 52 week high of $99.85. The stock’s 50-day moving average price is $92.56 and its 200-day moving average price is $89.45. The stock has a market capitalization of $60.97 billion, a PE ratio of 16.68, a price-to-earnings-growth ratio of 2.72 and a beta of 0.74.

ONEOK (NYSE:OKE) last released its quarterly earnings results 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. The company had revenue of $12.05 billion during the quarter, compared to analysts’ expectations of $8.95 billion. ONEOK had a return on equity of 16.41% and a net margin of 9.29%.During the same quarter in the prior year, the firm posted $1.34 EPS. ONEOK has set its FY 2026 guidance at 5.680-5.680 EPS. As a group, equities analysts expect that ONEOK, Inc. will post 5.73 EPS for the current fiscal year.

ONEOK Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Monday, August 3rd were paid a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend was Monday, August 3rd. ONEOK’s dividend payout ratio is presently 73.79%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on OKE. TD Cowen upped their target price on ONEOK from $90.00 to $93.00 and gave the company a “hold” rating in a research report on Friday. Stifel Nicolaus assumed coverage on ONEOK in a research note on Thursday. They issued a “hold” rating and a $105.00 price objective for the company. Wall Street Zen upgraded shares of ONEOK from a “sell” rating to a “hold” rating in a research note on Sunday, August 9th. Wells Fargo & Company increased their price objective on shares of ONEOK from $98.00 to $106.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 2nd. Finally, Royal Bank Of Canada increased their price objective on shares of ONEOK from $84.00 to $90.00 and gave the stock a “sector perform” rating in a research note on Tuesday, July 21st. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and twelve have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $96.06.

ONEOK Company Profile

ONEOK, Inc (NYSE: OKE) is an energy infrastructure company that gathers, processes, stores and transports natural gas and natural gas liquids (NGLs). Its operations connect production areas with domestic and international markets through pipelines, processing facilities, fractionation plants, storage assets and export infrastructure.

The company’s services include natural gas gathering and processing, interstate and intrastate natural gas transportation and storage, and the gathering, fractionation, storage and transportation of NGLs such as ethane, propane, normal butane, isobutane and natural gasoline.