Swiss Life Asset Management Ltd Has $111.90 Million Stake in ONEOK, Inc. $OKE

Swiss Life Asset Management Ltd increased its stake in shares of ONEOK, Inc. (NYSE:OKE) by 219.5% during the fourth quarter, HoldingsChannel reports. The fund owned 1,522,404 shares of the utilities provider’s stock after buying an additional 1,045,976 shares during the period. Swiss Life Asset Management Ltd’s holdings in ONEOK were worth $111,897,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. TCV Trust & Wealth Management Inc. raised its holdings in shares of ONEOK by 4.2% during the fourth quarter. TCV Trust & Wealth Management Inc. now owns 3,290 shares of the utilities provider’s stock worth $242,000 after acquiring an additional 133 shares during the period. Empowered Funds LLC increased its stake in ONEOK by 0.8% in the 1st quarter. Empowered Funds LLC now owns 17,957 shares of the utilities provider’s stock valued at $1,782,000 after buying an additional 137 shares during the last quarter. Fourpath Capital Management LLC increased its stake in ONEOK by 1.6% in the 4th quarter. Fourpath Capital Management LLC now owns 8,628 shares of the utilities provider’s stock valued at $634,000 after buying an additional 140 shares during the last quarter. JFS Wealth Advisors LLC increased its stake in ONEOK by 8.4% in the 4th quarter. JFS Wealth Advisors LLC now owns 1,864 shares of the utilities provider’s stock valued at $137,000 after buying an additional 144 shares during the last quarter. Finally, Avion Wealth increased its stake in ONEOK by 20.3% in the 4th quarter. Avion Wealth now owns 882 shares of the utilities provider’s stock valued at $64,000 after buying an additional 149 shares during the last quarter. 69.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

OKE has been the topic of several recent research reports. Mizuho set a $89.00 price target on shares of ONEOK in a research note on Monday, February 23rd. Raymond James Financial reiterated an “outperform” rating and issued a $92.00 price target on shares of ONEOK in a research note on Thursday, April 30th. Barclays lifted their price target on shares of ONEOK from $82.00 to $90.00 and gave the company an “equal weight” rating in a research note on Thursday, April 30th. UBS Group lowered their price target on shares of ONEOK from $114.00 to $103.00 and set a “buy” rating on the stock in a research note on Thursday, January 22nd. Finally, Citigroup lifted their price target on shares of ONEOK from $95.00 to $97.00 and gave the company a “buy” rating in a research note on Thursday. Seven equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $91.88.

ONEOK Stock Performance

Shares of OKE opened at $85.09 on Monday. The firm has a 50-day moving average of $87.19 and a 200-day moving average of $78.82. ONEOK, Inc. has a one year low of $64.02 and a one year high of $95.30. The company has a market cap of $53.61 billion, a PE ratio of 15.17, a price-to-earnings-growth ratio of 6.04 and a beta of 0.78. 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 (NYSE:OKE) last announced its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $1.23 EPS for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.07). ONEOK had a net margin of 10.03% and a return on equity of 16.06%. The firm had revenue of $9.62 billion during the quarter, compared to the consensus estimate of $8.23 billion. During the same period last year, the business earned $1.04 EPS. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. As a group, equities analysts forecast that ONEOK, Inc. will post 5.9 earnings per share for the current year.

ONEOK Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Monday, May 4th will be given a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend is Monday, May 4th. ONEOK’s dividend payout ratio (DPR) 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.