Commerzbank Aktiengesellschaft FI Grows Stock Holdings in ONEOK, Inc. $OKE

Commerzbank Aktiengesellschaft FI raised its position in ONEOK, Inc. (NYSE:OKE) by 200.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 80,080 shares of the utilities provider’s stock after acquiring an additional 53,401 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in ONEOK were worth $5,886,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. TCV Trust & Wealth Management Inc. increased its position in shares of ONEOK by 4.2% in the fourth quarter. TCV Trust & Wealth Management Inc. now owns 3,290 shares of the utilities provider’s stock valued at $242,000 after acquiring an additional 133 shares during the period. Empowered Funds LLC increased its position in shares of ONEOK by 0.8% during the first 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 period. Fourpath Capital Management LLC increased its position in shares of ONEOK by 1.6% during the fourth 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 period. JFS Wealth Advisors LLC increased its position in shares of ONEOK by 8.4% during the fourth 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 period. Finally, Avion Wealth increased its position in shares of ONEOK by 20.3% during the fourth 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 period. Hedge funds and other institutional investors own 69.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on OKE shares. Wells Fargo & Company reduced their price target on shares of ONEOK from $100.00 to $98.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Jefferies Financial Group boosted their price target on shares of ONEOK from $98.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, April 8th. JPMorgan Chase & Co. boosted their price target on shares of ONEOK from $91.00 to $92.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Mizuho set a $89.00 price target on shares of ONEOK in a research report on Monday, February 23rd. Finally, Citigroup boosted their price target on shares of ONEOK from $95.00 to $97.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Seven analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat.com, ONEOK currently has an average rating of “Hold” and an average target price of $91.88.

ONEOK Price Performance

Shares of OKE opened at $92.31 on Friday. The stock has a market cap of $58.16 billion, a PE ratio of 16.45, a price-to-earnings-growth ratio of 6.64 and a beta of 0.78. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.56 and a current ratio of 0.71. ONEOK, Inc. has a fifty-two week low of $64.02 and a fifty-two week high of $95.30. The firm’s 50-day simple moving average is $87.77 and its two-hundred day simple moving average is $79.58.

ONEOK (NYSE:OKE) last announced its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $1.23 earnings per share for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.07). The business had revenue of $9.62 billion during the quarter, compared to analysts’ expectations 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 company posted $1.04 EPS. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. Analysts anticipate that ONEOK, Inc. will post 5.73 earnings per share for the current fiscal year.

ONEOK Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Monday, May 4th were issued a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date was Monday, May 4th. ONEOK’s dividend payout ratio is 76.29%.

ONEOK 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.