Teachers Retirement System of The State of Kentucky Lowers Stock Holdings in ONEOK, Inc. $OKE

Teachers Retirement System of The State of Kentucky trimmed its holdings in shares of ONEOK, Inc. (NYSE:OKE) by 43.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 332,707 shares of the utilities provider’s stock after selling 252,630 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in ONEOK were worth $24,277,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Brighton Jones LLC grew its position in ONEOK by 137.1% during the fourth quarter. Brighton Jones LLC now owns 15,278 shares of the utilities provider’s stock valued at $1,534,000 after acquiring an additional 8,834 shares during the last quarter. Empowered Funds LLC increased its position in shares of ONEOK by 0.8% in the first quarter. Empowered Funds LLC now owns 17,957 shares of the utilities provider’s stock valued at $1,782,000 after acquiring an additional 137 shares during the period. Acadian Asset Management LLC bought a new position in ONEOK during the 1st quarter valued at approximately $216,000. Hantz Financial Services Inc. raised its holdings in shares of ONEOK by 55.2% during the second quarter. Hantz Financial Services Inc. now owns 1,287 shares of the utilities provider’s stock valued at $105,000 after acquiring an additional 458 shares in the last quarter. Finally, Assetmark Inc. raised its holdings in ONEOK by 84.0% in the 2nd quarter. Assetmark Inc. now owns 4,047 shares of the utilities provider’s stock worth $330,000 after purchasing an additional 1,848 shares in the last quarter. Hedge funds and other institutional investors own 69.13% of the company’s stock.

ONEOK Stock Down 1.7%

OKE opened at $84.66 on Wednesday. The stock has a market cap of $53.32 billion, a price-to-earnings ratio of 15.62, a price-to-earnings-growth ratio of 5.07 and a beta of 0.93. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.56 and a current ratio of 0.71. The firm’s fifty day moving average is $78.67 and its 200 day moving average is $74.13. ONEOK, Inc. has a fifty-two week low of $64.02 and a fifty-two week high of $103.64.

ONEOK (NYSE:OKE) last posted its quarterly earnings results on Monday, February 23rd. The utilities provider reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.50 by $0.05. ONEOK had a return on equity of 15.29% and a net margin of 10.09%.The business had revenue of $9.07 billion for the quarter, compared to analysts’ expectations of $8.77 billion. During the same period last year, the firm earned $1.57 earnings per share. ONEOK has set its FY 2026 guidance at 5.040-5.870 EPS. On average, sell-side analysts forecast that ONEOK, Inc. will post 5.07 earnings per share for the current fiscal year.

ONEOK Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Monday, February 2nd were issued a dividend of $1.07 per share. This is an increase from ONEOK’s previous quarterly dividend of $1.03. The ex-dividend date of this dividend was Monday, February 2nd. This represents a $4.28 dividend on an annualized basis and a yield of 5.1%. ONEOK’s payout ratio is 78.97%.

Analyst Upgrades and Downgrades

OKE has been the topic of several research reports. Scotiabank reaffirmed an “outperform” rating and set a $91.00 price objective on shares of ONEOK in a research report on Friday, January 16th. Wolfe Research cut shares of ONEOK from an “outperform” rating to a “peer perform” rating in a report on Wednesday, February 25th. Morgan Stanley restated an “overweight” rating and issued a $104.00 price target on shares of ONEOK in a research note on Wednesday, January 28th. Mizuho set a $89.00 target price on shares of ONEOK in a research note on Monday, February 23rd. Finally, Wells Fargo & Company dropped their price target on ONEOK from $82.00 to $79.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 25th. Seven investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $86.07.

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.