Nykredit A S Takes $27.87 Million Position in ONEOK, Inc. $OKE

Nykredit A S purchased a new position in ONEOK, Inc. (NYSE:OKE) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 320,516 shares of the utilities provider’s stock, valued at approximately $27,866,000. Nykredit A S owned approximately 0.05% of ONEOK at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. BlackRock Inc. lifted its stake in ONEOK by 8.7% in the 2nd quarter. BlackRock Inc. now owns 64,537,467 shares of the utilities provider’s stock worth $5,610,887,000 after purchasing an additional 5,148,768 shares in the last quarter. State Street Corp grew its position in shares of 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 purchasing an additional 648,647 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of 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 valued at $1,663,637,000 after purchasing an additional 599,248 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of ONEOK by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 16,596,172 shares of the utilities provider’s stock worth $1,215,107,000 after purchasing an additional 518,746 shares during the period. Finally, First Eagle Investment Management LLC increased its holdings in shares of ONEOK by 46.3% in the fourth 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 institutional investors.

ONEOK Stock Down 0.3%

OKE opened at $95.76 on Friday. The stock has a market cap of $60.36 billion, a PE ratio of 16.51, a P/E/G ratio of 2.68 and a beta of 0.74. 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 business’s fifty day simple moving average is $91.55 and its 200 day simple moving average is $89.07.

ONEOK (NYSE:OKE) last issued its quarterly earnings results on Monday, August 3rd. The utilities provider reported $1.53 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analyst estimates of $8.95 billion. During the same quarter in the previous year, the company posted $1.34 earnings per share. ONEOK has set its FY 2026 guidance at 5.680-5.680 EPS. As a group, research analysts expect that ONEOK, Inc. will post 5.84 earnings per share for the current fiscal year.

ONEOK Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Monday, August 3rd were given a $1.07 dividend. The ex-dividend date was Monday, August 3rd. This represents a $4.28 dividend on an annualized basis and a yield of 4.5%. ONEOK’s payout ratio is presently 73.79%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on OKE shares. Wall Street Zen upgraded ONEOK from a “sell” rating to a “hold” rating in a research report on Sunday, August 9th. Citigroup lifted their price target on ONEOK from $97.00 to $108.00 and gave the company a “buy” rating in a research report on Thursday. Scotiabank boosted their price objective on ONEOK from $89.00 to $95.00 and gave the stock a “sector perform” rating in a report on Tuesday. JPMorgan Chase & Co. upped their price objective on shares of ONEOK from $95.00 to $106.00 and gave the stock a “neutral” rating in a research report on Tuesday. Finally, Morgan Stanley raised their target price on shares of ONEOK from $103.00 to $105.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price 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.