14,412 Shares in ONEOK, Inc. $OKE Bought by Daiichi Life Insurance Co. Ltd.

Daiichi Life Insurance Co. Ltd. purchased a new stake in ONEOK, Inc. (NYSE:OKE) in the second quarter, HoldingsChannel reports. The institutional investor purchased 14,412 shares of the utilities provider’s stock, valued at approximately $1,253,000.

Several other large investors also recently bought and sold shares of the stock. Triune Financial Partners LLC purchased a new stake in ONEOK during the fourth quarter worth about $1,151,000. Swiss Life Asset Management Ltd boosted its stake in shares of 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 worth $111,897,000 after acquiring an additional 1,045,976 shares in the last quarter. Castle Rock Wealth Management LLC grew its holdings in shares of ONEOK by 360.0% in the 4th quarter. Castle Rock Wealth Management LLC now owns 36,216 shares of the utilities provider’s stock worth $2,815,000 after acquiring an additional 28,343 shares during the period. First Eagle Investment Management LLC increased its stake in ONEOK by 46.3% in 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 in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its position in ONEOK by 3.5% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,297,858 shares of the utilities provider’s stock worth $168,943,000 after purchasing an additional 77,019 shares in the last quarter. Institutional investors and hedge funds own 69.13% of the company’s stock.

ONEOK Price Performance

NYSE:OKE opened at $93.06 on Tuesday. The firm has a market cap of $58.66 billion, a price-to-earnings ratio of 16.05, a price-to-earnings-growth ratio of 2.60 and a beta of 0.73. The company has a current ratio of 0.74, a quick ratio of 0.59 and a debt-to-equity ratio of 1.34. The company’s 50-day moving average is $90.20 and its two-hundred day moving average is $88.40. ONEOK, Inc. has a 12-month low of $64.02 and a 12-month 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. The business had revenue of $12.05 billion during the quarter, compared to the consensus estimate of $8.95 billion. ONEOK had a net margin of 9.29% and a return on equity of 16.41%. During the same period in the previous year, the firm posted $1.34 earnings per share. ONEOK has set its FY 2026 guidance at 5.680-5.680 EPS. Research analysts expect that ONEOK, Inc. will post 5.84 EPS for the current year.

ONEOK Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Monday, August 3rd were issued a $1.07 dividend. The ex-dividend date was Monday, August 3rd. This represents a $4.28 annualized dividend and a yield of 4.6%. ONEOK’s payout ratio is 73.79%.

Wall Street Analysts Forecast Growth

OKE has been the topic of several research reports. Royal Bank Of Canada upped their target price on ONEOK from $84.00 to $90.00 and gave the company a “sector perform” rating in a report on Tuesday, July 21st. Wells Fargo & Company dropped their target price on shares of ONEOK from $100.00 to $98.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. US Capital Advisors downgraded shares of ONEOK from a “strong-buy” rating to a “moderate buy” rating in a report on Thursday, August 20th. TD Cowen increased their price target 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. Finally, Morgan Stanley lifted their price objective on ONEOK from $103.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $91.94.

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.