ONEOK, Inc. $OKE Shares Acquired by PensionDanmark Pensionsforsikringsaktieselskab

PensionDanmark Pensionsforsikringsaktieselskab lifted its holdings in shares of ONEOK, Inc. (NYSE:OKE) by 11.5% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 124,460 shares of the utilities provider’s stock after buying 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 the business. Zions Bancorporation National Association UT grew its holdings in shares of ONEOK by 73.3% during the fourth quarter. Zions Bancorporation National Association UT now owns 338 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 143 shares during the last quarter. Elyxium Wealth LLC acquired a new stake in shares of ONEOK during the 4th quarter worth approximately $29,000. Cornerstone Financial Management LLC bought a new stake in shares of ONEOK in the 4th quarter worth approximately $29,000. Portus Wealth Advisors LLC bought a new stake in shares of ONEOK in the 1st quarter worth approximately $33,000. Finally, Wilkerson Advisory Group LLC boosted its position in ONEOK by 51.4% during the 1st quarter. Wilkerson Advisory Group LLC now owns 392 shares of the utilities provider’s stock valued at $35,000 after purchasing an additional 133 shares during the period. Institutional investors and hedge funds own 69.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Wall Street Zen downgraded ONEOK from a “hold” rating to a “sell” rating in a research note on Saturday, August 1st. JPMorgan Chase & Co. raised 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. Barclays reduced their price target on shares of ONEOK from $90.00 to $88.00 and set an “equal weight” rating for the company in a report on Wednesday, July 8th. Truist Financial upped their price target on shares of ONEOK from $91.00 to $93.00 and gave the stock a “hold” rating in a research report on Monday, May 4th. Finally, Freedom Capital raised shares of ONEOK from a “hold” rating to a “strong-buy” rating in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, ONEOK currently has an average rating of “Moderate Buy” and a consensus target price of $91.81.

ONEOK Stock Performance

Shares of OKE stock opened at $86.33 on Friday. ONEOK, Inc. has a 12-month low of $64.02 and a 12-month high of $96.07. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.74 and a quick ratio of 0.56. The firm has a market capitalization of $54.42 billion, a price-to-earnings ratio of 14.89, a price-to-earnings-growth ratio of 4.58 and a beta of 0.73. The business has a 50 day simple moving average of $88.95 and a 200 day simple moving average of $87.04.

ONEOK (NYSE:OKE) last announced its earnings results 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 for the quarter, compared to the consensus estimate of $8.95 billion. During the same quarter in the previous year, the business earned $1.34 EPS. ONEOK has set its FY 2026 guidance at 5.680-5.680 EPS. On average, equities research analysts anticipate that ONEOK, Inc. will post 5.87 EPS for the current year.

ONEOK Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Monday, August 3rd will be paid a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date is Monday, August 3rd. ONEOK’s payout ratio is currently 73.79%.

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.