Resona Asset Management Co. Ltd. Lowers Stock Holdings in ONEOK, Inc. $OKE

Resona Asset Management Co. Ltd. trimmed its holdings in shares of ONEOK, Inc. (NYSE:OKE) by 3.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 195,183 shares of the utilities provider’s stock after selling 6,647 shares during the period. Resona Asset Management Co. Ltd.’s holdings in ONEOK were worth $14,352,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in OKE. Disciplined Investments LLC raised its holdings in ONEOK by 0.6% in the 4th quarter. Disciplined Investments LLC now owns 21,577 shares of the utilities provider’s stock worth $1,586,000 after acquiring an additional 125 shares during the last quarter. TCV Trust & Wealth Management Inc. raised its holdings in ONEOK by 4.2% in the 4th quarter. TCV Trust & Wealth Management Inc. now owns 3,290 shares of the utilities provider’s stock worth $242,000 after acquiring an additional 133 shares during the last quarter. Empowered Funds LLC raised its holdings in ONEOK by 0.8% in the 1st quarter. Empowered Funds LLC now owns 17,957 shares of the utilities provider’s stock worth $1,782,000 after acquiring an additional 137 shares during the last quarter. Fourpath Capital Management LLC raised its holdings in ONEOK by 1.6% in the 4th quarter. Fourpath Capital Management LLC now owns 8,628 shares of the utilities provider’s stock worth $634,000 after acquiring an additional 140 shares during the last quarter. Finally, JFS Wealth Advisors LLC raised its holdings in ONEOK by 8.4% in the 4th quarter. JFS Wealth Advisors LLC now owns 1,864 shares of the utilities provider’s stock worth $137,000 after acquiring an additional 144 shares during the last quarter. 69.13% of the stock is currently owned by hedge funds and other institutional investors.

ONEOK Trading Down 3.3%

NYSE:OKE opened at $92.13 on Thursday. The company has a current ratio of 0.71, a quick ratio of 0.56 and a debt-to-equity ratio of 1.37. ONEOK, Inc. has a 12 month low of $64.02 and a 12 month high of $96.07. The company has a market cap of $58.04 billion, a PE ratio of 16.42, a price-to-earnings-growth ratio of 6.92 and a beta of 0.78. The company has a 50 day simple moving average of $88.22 and a two-hundred day simple moving average of $80.20.

ONEOK (NYSE:OKE) last posted its earnings results 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 during the quarter, compared to the consensus estimate of $8.23 billion. During the same period last year, the firm posted $1.04 EPS. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. Research analysts forecast that ONEOK, Inc. will post 5.76 earnings per share for the current year.

ONEOK Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Monday, May 4th were given a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend was Monday, May 4th. ONEOK’s payout ratio is 76.29%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on OKE shares. Truist Financial boosted their price objective on shares of ONEOK from $91.00 to $93.00 and gave the stock a “hold” rating in a report on Monday, May 4th. TD Cowen boosted their price objective on shares of ONEOK from $80.00 to $85.00 and gave the stock a “hold” rating in a report on Thursday, April 30th. Raymond James Financial restated an “outperform” rating and issued a $92.00 price objective on shares of ONEOK in a report on Thursday, April 30th. UBS Group decreased their price objective on shares of ONEOK from $114.00 to $103.00 and set a “buy” rating for the company in a report on Thursday, January 22nd. Finally, Wolfe Research lowered shares of ONEOK from an “outperform” rating to a “peer perform” rating in a report on Wednesday, February 25th. Eight analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $91.88.

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.