Healthcare of Ontario Pension Plan Trust Fund Cuts Stock Holdings in ONEOK, Inc. $OKE

Healthcare of Ontario Pension Plan Trust Fund lowered its stake in shares of ONEOK, Inc. (NYSE:OKE) by 5.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 877,874 shares of the utilities provider’s stock after selling 47,056 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund owned 0.14% of ONEOK worth $64,524,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of OKE. Zions Bancorporation National Association UT increased its position in shares of ONEOK by 73.3% during the fourth quarter. Zions Bancorporation National Association UT now owns 338 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 143 shares during the period. Elyxium Wealth LLC purchased a new stake in shares of ONEOK during the fourth quarter worth $29,000. Cornerstone Financial Management LLC purchased a new stake in shares of ONEOK during the fourth quarter worth $29,000. SRH Advisors LLC increased its holdings in ONEOK by 122.3% in the fourth quarter. SRH Advisors LLC now owns 438 shares of the utilities provider’s stock valued at $32,000 after buying an additional 241 shares during the last quarter. Finally, Accredited Wealth Management LLC increased its holdings in ONEOK by 342.5% in the third quarter. Accredited Wealth Management LLC now owns 500 shares of the utilities provider’s stock valued at $36,000 after buying an additional 387 shares during the last quarter. Hedge funds and other institutional investors own 69.13% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on OKE shares. Barclays increased their target price on ONEOK from $82.00 to $90.00 and gave the company an “equal weight” rating in a report on Thursday, April 30th. JPMorgan Chase & Co. increased their target price on ONEOK from $91.00 to $92.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Raymond James Financial reissued an “outperform” rating and issued a $92.00 target price on shares of ONEOK in a report on Thursday, April 30th. Mizuho set a $89.00 target price on ONEOK in a report on Monday, February 23rd. Finally, Wolfe Research lowered ONEOK from an “outperform” rating to a “peer perform” rating in a report on Wednesday, February 25th. Eight investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $91.88.

ONEOK Stock Performance

NYSE OKE opened at $90.40 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. ONEOK, Inc. has a 1 year low of $64.02 and a 1 year high of $96.07. The company has a market capitalization of $56.95 billion, a PE ratio of 16.11, a P/E/G ratio of 6.77 and a beta of 0.74. The company has a fifty day moving average of $88.31 and a two-hundred day moving average of $82.66.

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

ONEOK Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 4th were paid 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 4.7%. ONEOK’s dividend payout ratio is 76.29%.

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.