Ontario Teachers Pension Plan Board Invests $204.67 Million in ONEOK, Inc. $OKE

Ontario Teachers Pension Plan Board acquired a new stake in shares of ONEOK, Inc. (NYSE:OKE) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 2,354,175 shares of the utilities provider’s stock, valued at approximately $204,672,000. ONEOK accounts for about 1.3% of Ontario Teachers Pension Plan Board’s holdings, making the stock its 10th largest position.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Capital International Investors bought a new stake in ONEOK in the 4th quarter worth approximately $586,500,000. Norges Bank purchased a new position in shares of ONEOK in the 4th quarter worth $564,867,000. BlackRock Inc. grew its holdings in shares of ONEOK by 8.7% in the second quarter. BlackRock Inc. now owns 64,537,467 shares of the utilities provider’s stock worth $5,610,887,000 after acquiring an additional 5,148,768 shares during the period. First Eagle Investment Management LLC grew its holdings in shares of ONEOK by 46.3% in 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 period. Finally, Danske Bank A S increased 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 valued at $124,320,000 after acquiring an additional 1,644,945 shares during the last quarter. Hedge funds and other institutional investors own 69.13% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on OKE. Weiss Ratings reissued a “buy (b-)” rating on shares of ONEOK in a report on Thursday, August 13th. Freedom Capital raised shares of ONEOK from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 5th. Royal Bank Of Canada increased their price objective on shares of ONEOK from $84.00 to $90.00 and gave the stock a “sector perform” rating in a research note on Tuesday, July 21st. JPMorgan Chase & Co. raised their price objective on shares of ONEOK from $91.00 to $92.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Finally, TD Cowen boosted their target price on shares of ONEOK from $85.00 to $90.00 and gave the company a “hold” rating in a research report on Thursday, July 16th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $91.94.

ONEOK Price Performance

NYSE OKE opened at $97.58 on Wednesday. The company has a market capitalization of $61.51 billion, a PE ratio of 16.82, a price-to-earnings-growth ratio of 7.10 and a beta of 0.73. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.59 and a current ratio of 0.74. The business’s fifty day moving average is $89.82 and its 200 day moving average is $87.93. ONEOK, Inc. has a fifty-two week low of $64.02 and a fifty-two week high of $97.90.

ONEOK (NYSE:OKE) last issued its quarterly earnings results on Monday, August 3rd. The utilities provider reported $1.53 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.07. ONEOK had a return on equity of 16.41% and a net margin of 9.29%.The business had revenue of $12.05 billion during the quarter, compared to analysts’ expectations of $8.95 billion. During the same quarter in the prior year, the business posted $1.34 earnings per share. ONEOK has set its FY 2026 guidance at 5.680-5.680 EPS. Sell-side analysts predict that ONEOK, Inc. will post 5.81 earnings per share for the current year.

ONEOK Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Monday, August 3rd were paid a dividend of $1.07 per share. The ex-dividend date was Monday, August 3rd. This represents a $4.28 dividend on an annualized basis and a dividend yield of 4.4%. ONEOK’s payout ratio is 73.79%.

About ONEOK

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.