Swiss Life Asset Management Ltd Has $34.77 Million Holdings in ONEOK, Inc. $OKE

Swiss Life Asset Management Ltd grew its position in shares of ONEOK, Inc. (NYSE:OKE) by 1.6% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 476,428 shares of the utilities provider’s stock after acquiring an additional 7,534 shares during the period. Swiss Life Asset Management Ltd’s holdings in ONEOK were worth $34,765,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. National Pension Service lifted its stake in shares of ONEOK by 2.9% in the 3rd 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. increased its position in 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 buying an additional 22,282 shares during the last quarter. Nordea Investment Management AB raised its holdings in ONEOK by 7.5% during the third quarter. Nordea Investment Management AB now owns 777,262 shares of the utilities provider’s stock valued at $55,885,000 after buying an additional 54,444 shares in the last quarter. Tectonic Advisors LLC raised its holdings in ONEOK by 41.1% during 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 in the last quarter. Finally, Jones Financial Companies Lllp lifted its position 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 worth $39,401,000 after buying an additional 121,891 shares during the last quarter. Institutional investors and hedge funds own 69.13% of the company’s stock.

ONEOK Stock Performance

OKE opened at $86.21 on Thursday. The firm has a market capitalization of $54.29 billion, a P/E ratio of 15.91, a price-to-earnings-growth ratio of 6.59 and a beta of 0.93. The stock’s 50 day moving average price is $81.45 and its two-hundred day moving average price is $74.99. The company has a quick ratio of 0.56, a current ratio of 0.71 and a debt-to-equity ratio of 1.36. ONEOK, Inc. has a 12-month low of $64.02 and a 12-month high of $103.64.

ONEOK (NYSE:OKE) last issued its quarterly earnings results on Monday, February 23rd. The utilities provider reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.50 by $0.05. ONEOK had a return on equity of 15.29% and a net margin of 10.09%.The company had revenue of $9.07 billion during the quarter, compared to analyst estimates of $8.77 billion. During the same period in the previous year, the company earned $1.57 earnings per share. ONEOK has set its FY 2026 guidance at 5.040-5.870 EPS. On average, equities analysts forecast that ONEOK, Inc. will post 5.07 earnings per share for the current year.

ONEOK Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Monday, February 2nd were paid a $1.07 dividend. The ex-dividend date was Monday, February 2nd. This is a positive change from ONEOK’s previous quarterly dividend of $1.03. This represents a $4.28 annualized dividend and a dividend yield of 5.0%. ONEOK’s dividend payout ratio is 78.97%.

Wall Street Analysts Forecast Growth

OKE has been the topic of a number of analyst reports. Wolfe Research lowered ONEOK from an “outperform” rating to a “peer perform” rating in a report on Wednesday, February 25th. Morgan Stanley reiterated an “overweight” rating and set a $104.00 price target on shares of ONEOK in a report on Wednesday, January 28th. Jefferies Financial Group began coverage on shares of ONEOK in a research note on Tuesday, January 20th. They issued a “hold” rating and a $80.00 price objective for the company. JPMorgan Chase & Co. downgraded shares of ONEOK from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $87.00 to $83.00 in a report on Tuesday, January 27th. Finally, Scotiabank reiterated an “outperform” rating and issued a $91.00 target price on shares of ONEOK in a report on Friday, January 16th. Seven equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, ONEOK currently has a consensus rating of “Hold” and an average target price of $86.60.

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.