Varma Mutual Pension Insurance Co Purchases Shares of 182,362 ONEOK, Inc. $OKE

Varma Mutual Pension Insurance Co acquired a new stake in ONEOK, Inc. (NYSE:OKE) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 182,362 shares of the utilities provider’s stock, valued at approximately $15,855,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Zions Bancorporation National Association UT grew its holdings in ONEOK by 73.3% in the fourth quarter. Zions Bancorporation National Association UT now owns 338 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 143 shares during the period. Elyxium Wealth LLC acquired a new stake in shares of ONEOK in the 4th quarter valued at about $29,000. Cornerstone Financial Management LLC bought a new stake in ONEOK in the 4th quarter valued at about $29,000. Portus Wealth Advisors LLC bought a new stake in ONEOK in the 1st quarter valued at about $33,000. Finally, Wilkerson Advisory Group LLC increased its position in ONEOK by 51.4% in the 1st quarter. Wilkerson Advisory Group LLC now owns 392 shares of the utilities provider’s stock valued at $35,000 after buying an additional 133 shares in the last quarter. 69.13% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on OKE. TD Cowen increased their price target on ONEOK from $85.00 to $90.00 and gave the stock a “hold” rating in a report on Thursday, July 16th. US Capital Advisors downgraded shares of ONEOK from a “strong-buy” rating to a “moderate buy” rating in a research report on Thursday. Scotiabank lowered shares of ONEOK from a “sector outperform” rating to a “sector perform” rating and decreased their price target for the company from $92.00 to $89.00 in a research note on Thursday, April 30th. Morgan Stanley raised their price target on shares of ONEOK from $103.00 to $105.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 18th. Finally, Citigroup boosted their price objective on ONEOK from $95.00 to $97.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $91.94.

Trending Headlines about ONEOK

Here are the key news stories impacting ONEOK this week:

• Positive Sentiment: US Capital Advisors raised its EPS forecasts across multiple periods, including Q3 2026 to $1.56 from $1.45, FY2026 to $5.90 from $5.67, FY2027 to $6.36 from $6.12, and FY2028 to $7.22 from $6.97. The firm’s FY2026 estimate is above the $5.82 analyst consensus, suggesting stronger expected operating performance. MarketBeat ONEOK analyst estimates
• Positive Sentiment: The revisions also lifted forecasts for Q1 through Q4 2027, indicating that US Capital Advisors expects ONEOK’s earnings growth to continue beyond 2026.
• Positive Sentiment: Recent commentary describes ONEOK as a high-yield pipeline stock whose ongoing strength may be underestimated by investors, supporting the long-term income and growth narrative. High-Yield Pipeline Stock Investors Keep Underestimating
• Neutral Sentiment: Analysts maintain a consensus “Moderate Buy” rating for OKE, while Morgan Stanley has indicated that the stock could rise. These views provide support but do not represent new company-specific operating results. ONEOK Consensus Rating Morgan Stanley ONEOK Price Outlook
• Negative Sentiment: US Capital Advisors downgraded ONEOK from “Strong Buy” to “Moderate Buy.” Although the firm raised its earnings estimates, the less-optimistic rating may be pressuring the stock today, particularly after OKE’s recent strong run toward its 52-week high. Zacks ONEOK rating update

ONEOK Trading Down 1.2%

NYSE:OKE opened at $93.43 on Friday. ONEOK, Inc. has a 52 week low of $64.02 and a 52 week high of $97.90. The firm has a 50-day moving average price of $90.09 and a two-hundred day moving average price of $88.20. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.59 and a current ratio of 0.74. The firm has a market cap of $58.90 billion, a price-to-earnings ratio of 16.11, a price-to-earnings-growth ratio of 2.60 and a beta of 0.73.

ONEOK (NYSE:OKE) last announced its 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. 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 analysts expect that ONEOK, Inc. will post 5.84 earnings per share for the current fiscal year.

ONEOK Dividend Announcement

The business also recently declared 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. The ex-dividend date was Monday, August 3rd. This represents a $4.28 annualized dividend and a yield of 4.6%. ONEOK’s dividend payout ratio is presently 73.79%.

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.