Varma Mutual Pension Insurance Co Has $13.35 Million Stake in ONEOK, Inc. $OKE

Varma Mutual Pension Insurance Co grew its holdings in ONEOK, Inc. (NYSE:OKE) by 8.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 181,662 shares of the utilities provider’s stock after purchasing an additional 14,100 shares during the period. Varma Mutual Pension Insurance Co’s holdings in ONEOK were worth $13,352,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. TCV Trust & Wealth Management Inc. increased its stake in ONEOK by 4.2% in the 4th quarter. TCV Trust & Wealth Management Inc. now owns 3,290 shares of the utilities provider’s stock valued at $242,000 after buying an additional 133 shares during the period. Empowered Funds LLC increased its stake in shares of ONEOK by 0.8% during the 1st quarter. Empowered Funds LLC now owns 17,957 shares of the utilities provider’s stock worth $1,782,000 after purchasing an additional 137 shares during the last quarter. Fourpath Capital Management LLC increased its stake in shares of ONEOK by 1.6% during the 4th quarter. Fourpath Capital Management LLC now owns 8,628 shares of the utilities provider’s stock worth $634,000 after purchasing an additional 140 shares during the last quarter. JFS Wealth Advisors LLC increased its stake in shares of ONEOK by 8.4% during the 4th quarter. JFS Wealth Advisors LLC now owns 1,864 shares of the utilities provider’s stock worth $137,000 after purchasing an additional 144 shares during the last quarter. Finally, Avion Wealth increased its stake in shares of ONEOK by 20.3% during the 4th quarter. Avion Wealth now owns 882 shares of the utilities provider’s stock worth $64,000 after purchasing an additional 149 shares during the last quarter. Institutional investors and hedge funds own 69.13% of the company’s stock.

ONEOK Stock Performance

NYSE:OKE opened at $90.76 on Tuesday. ONEOK, Inc. has a 1 year low of $64.02 and a 1 year high of $95.30. The firm’s fifty day simple moving average is $87.11 and its 200 day simple moving average is $78.41. The company has a current ratio of 0.71, a quick ratio of 0.56 and a debt-to-equity ratio of 1.37. The firm has a market capitalization of $57.18 billion, a PE ratio of 16.18, a PEG ratio of 6.84 and a beta of 0.78.

ONEOK (NYSE:OKE) last posted its earnings results on Tuesday, April 28th. The utilities provider reported $1.23 earnings per share (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 analyst estimates of $8.23 billion. During the same quarter in the previous year, the business posted $1.04 earnings per share. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. On average, sell-side analysts anticipate that ONEOK, Inc. will post 5.53 EPS for the current year.

ONEOK Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Monday, May 4th will be paid a $1.07 dividend. The ex-dividend date is Monday, May 4th. This represents a $4.28 dividend on an annualized basis and a yield of 4.7%. ONEOK’s dividend payout ratio (DPR) is presently 76.29%.

Analysts Set New Price Targets

OKE has been the topic of several analyst reports. TD Cowen increased their price target on shares of ONEOK from $80.00 to $85.00 and gave the stock a “hold” rating in a research note on Thursday, April 30th. Jefferies Financial Group increased their price target on shares of ONEOK from $98.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, April 8th. Scotiabank lowered shares of ONEOK from a “sector outperform” rating to a “sector perform” rating and dropped their price target for the stock from $92.00 to $89.00 in a research note on Thursday. JPMorgan Chase & Co. lowered shares of ONEOK from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $87.00 to $83.00 in a research note on Tuesday, January 27th. Finally, Wall Street Zen lowered shares of ONEOK from a “hold” rating to a “sell” rating in a research note on Saturday. Seven research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $91.19.

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.