Nisa Investment Advisors LLC Has $14.05 Million Position in ONEOK, Inc. $OKE

Nisa Investment Advisors LLC lifted its stake in shares of ONEOK, Inc. (NYSE:OKE) by 4.4% during the 4th quarter, HoldingsChannel reports. The firm owned 191,144 shares of the utilities provider’s stock after acquiring an additional 8,066 shares during the period. Nisa Investment Advisors LLC’s holdings in ONEOK were worth $14,049,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. National Pension Service raised its position in ONEOK by 2.9% in the third quarter. National Pension Service now owns 857,949 shares of the utilities provider’s stock valued at $62,605,000 after purchasing an additional 24,003 shares during the last quarter. Hudson Edge Investment Partners Inc. grew its holdings in shares of ONEOK by 34.1% during the third quarter. Hudson Edge Investment Partners Inc. now owns 87,667 shares of the utilities provider’s stock worth $6,397,000 after purchasing an additional 22,282 shares during the last quarter. Nordea Investment Management AB grew its holdings in shares of ONEOK by 7.5% during the third quarter. Nordea Investment Management AB now owns 777,262 shares of the utilities provider’s stock worth $55,885,000 after purchasing an additional 54,444 shares during the last quarter. Tectonic Advisors LLC increased its stake in shares of ONEOK by 41.1% in the third quarter. Tectonic Advisors LLC now owns 188,842 shares of the utilities provider’s stock valued at $13,780,000 after buying an additional 55,024 shares during the period. Finally, Jones Financial Companies Lllp increased its stake in shares of ONEOK by 29.6% in the third quarter. Jones Financial Companies Lllp now owns 534,285 shares of the utilities provider’s stock valued at $39,401,000 after buying an additional 121,891 shares during the period. Institutional investors own 69.13% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on OKE shares. Royal Bank Of Canada lifted their target price on shares of ONEOK from $79.00 to $84.00 and gave the stock a “sector perform” rating in a research report on Thursday, March 19th. Jefferies Financial Group upgraded shares of ONEOK from a “hold” rating to a “buy” rating and upped their price target for the company from $85.00 to $98.00 in a research report on Friday, March 20th. Wolfe Research downgraded shares of ONEOK from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, February 25th. Scotiabank reissued an “outperform” rating and issued a $91.00 price objective on shares of ONEOK in a research note on Friday, January 16th. Finally, Truist Financial assumed coverage on ONEOK in a report on Tuesday, March 24th. They issued a “hold” rating and a $91.00 price objective for the company. Nine equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $88.94.

ONEOK Price Performance

ONEOK stock opened at $87.40 on Thursday. The stock’s 50 day moving average is $84.83 and its 200 day moving average is $76.21. ONEOK, Inc. has a one year low of $64.02 and a one year high of $100.57. The firm has a market cap of $55.04 billion, a P/E ratio of 16.13, a P/E/G ratio of 6.86 and a beta of 0.84. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.71 and a quick ratio of 0.56.

ONEOK (NYSE:OKE) last released its earnings results on Monday, February 23rd. The utilities provider reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.50 by $0.05. ONEOK had a net margin of 10.09% and a return on equity of 15.29%. The business had revenue of $9.07 billion during the quarter, compared to the consensus estimate of $8.77 billion. During the same quarter in the prior year, the firm posted $1.57 EPS. ONEOK has set its FY 2026 guidance at 5.040-5.870 EPS. As a group, research analysts expect that ONEOK, Inc. will post 5.07 EPS for the current year.

ONEOK Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Monday, February 2nd were given a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a dividend yield of 4.9%. This is a boost from ONEOK’s previous quarterly dividend of $1.03. The ex-dividend date was Monday, February 2nd. ONEOK’s dividend payout ratio is currently 78.97%.

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.