Ilmarinen Mutual Pension Insurance Co Raises Stock Position in ONEOK, Inc. $OKE

Ilmarinen Mutual Pension Insurance Co lifted its position in ONEOK, Inc. (NYSE:OKE) by 33.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 100,000 shares of the utilities provider’s stock after buying an additional 25,000 shares during the period. Ilmarinen Mutual Pension Insurance Co’s holdings in ONEOK were worth $7,350,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. National Pension Service lifted its stake in shares of ONEOK by 2.9% in the 3rd quarter. National Pension Service now owns 857,949 shares of the utilities provider’s stock valued at $62,605,000 after purchasing an additional 24,003 shares during the period. Legal & General Group Plc lifted its stake in shares of ONEOK by 1.6% in the 3rd quarter. Legal & General Group Plc now owns 5,218,376 shares of the utilities provider’s stock valued at $380,785,000 after purchasing an additional 80,683 shares during the period. Jones Financial Companies Lllp lifted its stake in shares of ONEOK by 29.6% in the 3rd quarter. Jones Financial Companies Lllp now owns 534,285 shares of the utilities provider’s stock valued at $39,401,000 after purchasing an additional 121,891 shares during the period. Capital Management Corp VA lifted its stake in shares of ONEOK by 49.2% in the 3rd quarter. Capital Management Corp VA now owns 228,882 shares of the utilities provider’s stock valued at $16,702,000 after purchasing an additional 75,450 shares during the period. Finally, WBI Investments LLC lifted its stake in shares of ONEOK by 221.5% in the 3rd quarter. WBI Investments LLC now owns 35,768 shares of the utilities provider’s stock valued at $2,610,000 after purchasing an additional 24,643 shares during the period. Hedge funds and other institutional investors own 69.13% of the company’s stock.

ONEOK Stock Performance

NYSE:OKE opened at $87.11 on Friday. ONEOK, Inc. has a fifty-two week low of $64.02 and a fifty-two week high of $96.07. The stock has a market capitalization of $54.88 billion, a PE ratio of 15.53, a P/E/G ratio of 6.41 and a beta of 0.78. The company has a fifty day moving average of $88.89 and a two-hundred day moving average of $81.24. 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 (NYSE:OKE) last released 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 return on equity of 16.06% and a net margin of 10.03%.The business had revenue of $9.62 billion for the quarter, compared to analysts’ expectations of $8.23 billion. During the same period in the previous year, the company earned $1.04 EPS. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. As a group, research analysts forecast that ONEOK, Inc. will post 5.76 earnings per share for the current fiscal year.

ONEOK Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 4th were issued a $1.07 dividend. The ex-dividend date of this dividend was Monday, May 4th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 4.9%. ONEOK’s dividend payout ratio is currently 76.29%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Citigroup upped their price objective on shares of ONEOK from $95.00 to $97.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Barclays upped their price objective on shares of ONEOK from $82.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 30th. TD Cowen upped their price objective on shares of ONEOK from $80.00 to $85.00 and gave the stock a “hold” rating in a research report on Thursday, April 30th. Weiss Ratings upgraded shares of ONEOK from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, May 18th. Finally, Scotiabank cut shares of ONEOK from a “sector outperform” rating to a “sector perform” rating and reduced their price objective for the stock from $92.00 to $89.00 in a research report on Thursday, April 30th. Eight analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $91.88.

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.