MASTERINVEST Kapitalanlage GmbH Acquires New Stake in ONEOK, Inc. $OKE

MASTERINVEST Kapitalanlage GmbH acquired a new stake in ONEOK, Inc. (NYSE:OKE) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 10,590 shares of the utilities provider’s stock, valued at approximately $957,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in OKE. Capital International Investors purchased a new stake in shares of ONEOK during the fourth quarter worth $586,500,000. Norges Bank purchased a new position in shares of ONEOK in the fourth quarter worth about $564,867,000. First Eagle Investment Management LLC boosted its position in ONEOK by 46.3% during 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 acquiring an additional 3,596,089 shares during the last quarter. Danske Bank A S boosted its position in ONEOK by 3,538.4% during the fourth quarter. Danske Bank A S now owns 1,691,433 shares of the utilities provider’s stock worth $124,320,000 after acquiring an additional 1,644,945 shares during the last quarter. Finally, Man Group plc grew its stake in ONEOK by 292.1% during the 2nd quarter. Man Group plc now owns 1,558,993 shares of the utilities provider’s stock valued at $127,261,000 after acquiring an additional 1,161,352 shares in the last quarter. Institutional investors and hedge funds own 69.13% of the company’s stock.

ONEOK Stock Performance

NYSE OKE opened at $91.04 on Thursday. The stock has a fifty day simple moving average of $88.87 and a 200-day simple moving average of $85.10. The company has a current ratio of 0.71, a quick ratio of 0.56 and a debt-to-equity ratio of 1.37. The stock has a market cap of $57.37 billion, a PE ratio of 16.23, a P/E/G ratio of 6.87 and a beta of 0.73. ONEOK, Inc. has a twelve month low of $64.02 and a twelve month high of $96.07.

ONEOK (NYSE:OKE) last issued its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.30 by ($0.07). ONEOK had a net margin of 10.03% and a return on equity of 16.06%. The company had revenue of $9.62 billion during the quarter, compared to analysts’ expectations of $8.23 billion. During the same quarter last year, the firm posted $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 earnings per share for the current year.

ONEOK Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Monday, August 3rd will be paid a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend is Monday, August 3rd. ONEOK’s payout ratio is 76.29%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on OKE shares. Wall Street Zen upgraded shares of ONEOK from a “sell” rating to a “hold” rating in a report on Tuesday, May 26th. TD Cowen boosted their target price on ONEOK from $80.00 to $85.00 and gave the stock a “hold” rating in a report on Thursday, April 30th. JPMorgan Chase & Co. upped their price target on ONEOK from $91.00 to $92.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Royal Bank Of Canada increased their price target on ONEOK from $79.00 to $84.00 and gave the company a “sector perform” rating in a report on Thursday, March 19th. Finally, Weiss Ratings upgraded ONEOK from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, May 18th. Eight research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $91.75.

ONEOK 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.