Vise Technologies Inc. Purchases 12,442 Shares of ONEOK, Inc. $OKE

Vise Technologies Inc. boosted its position in shares of ONEOK, Inc. (NYSE:OKE) by 100.6% in the 4th quarter, HoldingsChannel reports. The firm owned 24,814 shares of the utilities provider’s stock after buying an additional 12,442 shares during the period. Vise Technologies Inc.’s holdings in ONEOK were worth $1,824,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in OKE. Norges Bank bought a new position in ONEOK during the 4th quarter valued at about $564,867,000. First Eagle Investment Management LLC lifted its holdings in ONEOK by 46.3% during the 4th 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 lifted its holdings in ONEOK by 3,538.4% during the 4th 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. Man Group plc lifted its holdings 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 purchasing an additional 1,161,352 shares during the last quarter. Finally, Swiss Life Asset Management Ltd lifted its holdings in ONEOK by 219.5% during the 4th quarter. Swiss Life Asset Management Ltd now owns 1,522,404 shares of the utilities provider’s stock valued at $111,897,000 after purchasing an additional 1,045,976 shares during the last quarter. 69.13% of the stock is owned by institutional investors.

ONEOK Trading Up 0.0%

Shares of NYSE OKE opened at $88.26 on Monday. ONEOK, Inc. has a 1-year low of $64.02 and a 1-year high of $96.07. The company has a market cap of $55.61 billion, a PE ratio of 15.73, a P/E/G ratio of 6.60 and a beta of 0.74. 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 company has a 50-day moving average of $88.56 and a two-hundred day moving average of $81.98.

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

ONEOK Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 4th were given a dividend of $1.07 per share. The ex-dividend date was Monday, May 4th. This represents a $4.28 annualized dividend and a dividend yield of 4.8%. ONEOK’s payout ratio is currently 76.29%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on OKE shares. Wall Street Zen raised 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 shares of ONEOK from $80.00 to $85.00 and gave the stock a “hold” rating in a research note on Thursday, April 30th. Raymond James Financial reaffirmed an “outperform” rating and issued a $92.00 target price on shares of ONEOK in a research note on Thursday, April 30th. Freedom Capital raised shares of ONEOK from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 5th. Finally, Truist Financial boosted their target price on shares of ONEOK from $91.00 to $93.00 and gave the stock a “hold” rating in a research note on Monday, May 4th. Eight investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, ONEOK currently has a consensus rating of “Hold” and an average target price of $91.88.

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.