North Dakota State Investment Board Invests $1.58 Million in ONEOK, Inc. $OKE

North Dakota State Investment Board bought a new position in ONEOK, Inc. (NYSE:OKE) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 21,427 shares of the utilities provider’s stock, valued at approximately $1,575,000.

Several other hedge funds also recently made changes to their positions in OKE. Winnow Wealth LLC acquired a new stake in shares of ONEOK in the 3rd quarter worth $28,000. Elyxium Wealth LLC acquired a new stake in shares of ONEOK in the 4th quarter worth $29,000. SRH Advisors LLC lifted its stake in shares of ONEOK by 122.3% in the 4th quarter. SRH Advisors LLC now owns 438 shares of the utilities provider’s stock worth $32,000 after acquiring an additional 241 shares during the period. AXS Investments LLC acquired a new stake in shares of ONEOK in the 3rd quarter worth $35,000. Finally, Accredited Wealth Management LLC lifted its stake in shares of ONEOK by 342.5% in the 3rd quarter. Accredited Wealth Management LLC now owns 500 shares of the utilities provider’s stock worth $36,000 after acquiring an additional 387 shares during the period. Institutional investors and hedge funds own 69.13% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on OKE shares. TD Cowen increased their price target on shares of ONEOK from $80.00 to $85.00 and gave the company a “hold” rating in a report on Thursday, April 30th. Citigroup increased their price target on shares of ONEOK from $95.00 to $97.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Freedom Capital upgraded shares of ONEOK from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 5th. UBS Group cut their price target on shares of ONEOK from $114.00 to $103.00 and set a “buy” rating for the company in a report on Thursday, January 22nd. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of ONEOK in a report on Monday, May 4th. Seven investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $91.88.

ONEOK Stock Up 1.5%

Shares of NYSE:OKE opened at $95.15 on Wednesday. The company has a market capitalization of $59.95 billion, a P/E ratio of 16.96, a P/E/G ratio of 6.82 and a beta of 0.78. The stock’s fifty day simple moving average is $88.09 and its 200-day simple moving average is $80.02. ONEOK, Inc. has a 52-week low of $64.02 and a 52-week high of $95.65. The company has a quick ratio of 0.56, a current ratio of 0.71 and a debt-to-equity ratio of 1.37.

ONEOK (NYSE:OKE) last announced its earnings results on Tuesday, April 28th. The utilities provider reported $1.23 earnings per share for the quarter, missing the consensus estimate of $1.30 by ($0.07). The firm had revenue of $9.62 billion during the quarter, compared to analyst estimates of $8.23 billion. ONEOK had a net margin of 10.03% and a return on equity of 16.06%. During the same period in the previous year, the firm posted $1.04 EPS. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. As a group, equities research analysts forecast that ONEOK, Inc. will post 5.76 earnings per share for the current fiscal year.

ONEOK Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 4th were issued a dividend of $1.07 per share. The ex-dividend date was Monday, May 4th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 4.5%. ONEOK’s 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.