Maryland State Retirement & Pension System Has $45.88 Million Stock Position in ONEOK, Inc. $OKE

Maryland State Retirement & Pension System boosted its stake in shares of ONEOK, Inc. (NYSE:OKE) by 1.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 624,177 shares of the utilities provider’s stock after buying an additional 9,504 shares during the period. ONEOK makes up approximately 0.9% of Maryland State Retirement & Pension System’s holdings, making the stock its 18th biggest holding. Maryland State Retirement & Pension System’s holdings in ONEOK were worth $45,877,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Capital International Investors acquired a new stake in shares of ONEOK in the fourth quarter valued at approximately $586,500,000. Norges Bank acquired a new stake in shares of ONEOK in the fourth quarter valued at approximately $564,867,000. First Eagle Investment Management LLC raised 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 valued at $835,350,000 after purchasing an additional 3,596,089 shares during the last quarter. Danske Bank A S raised its holdings in shares of ONEOK by 3,538.4% in the fourth quarter. Danske Bank A S now owns 1,691,433 shares of the utilities provider’s stock valued at $124,320,000 after purchasing an additional 1,644,945 shares during the last quarter. Finally, Man Group plc raised its holdings in shares of ONEOK by 292.1% in the second quarter. Man Group plc now owns 1,558,993 shares of the utilities provider’s stock valued at $127,261,000 after purchasing an additional 1,161,352 shares during the last quarter. 69.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on OKE. Royal Bank Of Canada lifted their price objective on shares of ONEOK from $79.00 to $84.00 and gave the company a “sector perform” rating in a report on Thursday, March 19th. Scotiabank downgraded shares of ONEOK from a “sector outperform” rating to a “sector perform” rating and lowered their price objective for the company from $92.00 to $89.00 in a report on Thursday, April 30th. Mizuho set a $89.00 price objective on shares of ONEOK in a report on Monday, February 23rd. Morgan Stanley lifted their price objective on shares of ONEOK from $104.00 to $113.00 and gave the company an “overweight” rating in a report on Tuesday, April 7th. Finally, Jefferies Financial Group lifted their price objective on shares of ONEOK from $98.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, April 8th. Eight analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $91.88.

ONEOK Trading Down 1.4%

OKE stock opened at $86.22 on Wednesday. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.71 and a quick ratio of 0.56. The company has a fifty day moving average price of $88.25 and a two-hundred day moving average price of $82.88. ONEOK, Inc. has a one year low of $64.02 and a one year high of $96.07. The stock has a market cap of $54.32 billion, a price-to-earnings ratio of 15.37, a price-to-earnings-growth ratio of 6.54 and a beta of 0.74.

ONEOK (NYSE:OKE) last released its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $1.23 EPS for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.07). ONEOK had a return on equity of 16.06% and a net margin of 10.03%.The company had revenue of $9.62 billion for the quarter, compared to the consensus estimate of $8.23 billion. During the same period last year, the firm earned $1.04 earnings per share. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. Equities analysts anticipate that ONEOK, Inc. will post 5.72 EPS for the current year.

ONEOK Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 4th were given a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend was Monday, May 4th. ONEOK’s payout ratio is presently 76.29%.

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.