Northwestern Mutual Wealth Management Co. Acquires 151,185 Shares of ONEOK, Inc. $OKE

Northwestern Mutual Wealth Management Co. boosted its holdings in shares of ONEOK, Inc. (NYSE:OKE) by 197.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 227,606 shares of the utilities provider’s stock after purchasing an additional 151,185 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in ONEOK were worth $16,729,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. National Pension Service lifted its position 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 worth $62,605,000 after acquiring an additional 24,003 shares during the period. Legal & General Group Plc lifted its position in shares of ONEOK by 1.6% in the 3rd quarter. Legal & General Group Plc now owns 5,218,376 shares of the utilities provider’s stock worth $380,785,000 after acquiring an additional 80,683 shares during the period. Jones Financial Companies Lllp lifted its position in shares of ONEOK by 29.6% in the 3rd quarter. Jones Financial Companies Lllp now owns 534,285 shares of the utilities provider’s stock worth $39,401,000 after acquiring an additional 121,891 shares during the period. Capital Management Corp VA lifted its position in shares of ONEOK by 49.2% in the 3rd quarter. Capital Management Corp VA now owns 228,882 shares of the utilities provider’s stock worth $16,702,000 after acquiring an additional 75,450 shares during the period. Finally, WBI Investments LLC lifted its position in shares of ONEOK by 221.5% in the 3rd quarter. WBI Investments LLC now owns 35,768 shares of the utilities provider’s stock worth $2,610,000 after acquiring an additional 24,643 shares during the period. Institutional investors own 69.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on OKE. Weiss Ratings upgraded ONEOK from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, May 18th. Mizuho set a $89.00 target price on ONEOK in a research report on Monday, February 23rd. Raymond James Financial restated an “outperform” rating and set a $92.00 target price on shares of ONEOK in a research report on Thursday, April 30th. Wall Street Zen upgraded ONEOK from a “sell” rating to a “hold” rating in a research report on Tuesday, May 26th. Finally, Scotiabank downgraded ONEOK from a “sector outperform” rating to a “sector perform” rating and cut their target price for the stock from $92.00 to $89.00 in a research report on Thursday, April 30th. Eight research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat, ONEOK presently has a consensus rating of “Hold” and an average target price of $91.88.

ONEOK Price Performance

ONEOK stock opened at $84.05 on Monday. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.71 and a quick ratio of 0.56. The company has a market capitalization of $52.95 billion, a PE ratio of 14.98, a price-to-earnings-growth ratio of 6.23 and a beta of 0.74. ONEOK, Inc. has a one year low of $64.02 and a one year high of $96.07. The business has a 50 day simple moving average of $88.85 and a 200 day simple moving average of $81.35.

ONEOK (NYSE:OKE) last posted its 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). The company had revenue of $9.62 billion for the quarter, compared to the consensus estimate of $8.23 billion. ONEOK had a return on equity of 16.06% and a net margin of 10.03%.During the same quarter last year, the business earned $1.04 EPS. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. On average, sell-side analysts forecast that ONEOK, Inc. will post 5.76 EPS for the current fiscal year.

ONEOK Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 4th were issued a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date of this dividend was Monday, May 4th. ONEOK’s dividend payout ratio (DPR) is currently 76.29%.

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.