ONEOK, Inc. $OKE Holdings Lifted by Swiss Life Asset Management Ltd

Swiss Life Asset Management Ltd increased its position in shares of ONEOK, Inc. (NYSE:OKE) by 1.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 476,428 shares of the utilities provider’s stock after acquiring an additional 7,534 shares during the period. Swiss Life Asset Management Ltd owned approximately 0.08% of ONEOK worth $34,765,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of OKE. City Holding Co. acquired a new stake in ONEOK in the 3rd quarter valued at about $28,000. Winnow Wealth LLC acquired a new position in shares of ONEOK in the 3rd quarter worth approximately $28,000. Global Wealth Strategies & Associates bought a new stake in shares of ONEOK in the 3rd quarter worth approximately $29,000. Financial Consulate Inc. bought a new stake in shares of ONEOK in the 3rd quarter worth approximately $29,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in ONEOK during the second quarter valued at approximately $34,000. 69.13% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

OKE has been the topic of several recent research reports. UBS Group decreased their price target on shares of ONEOK from $114.00 to $103.00 and set a “buy” rating on the stock in a research report on Thursday, January 22nd. Scotiabank reiterated an “outperform” rating and set a $91.00 price objective on shares of ONEOK in a research report on Friday, January 16th. Morgan Stanley reissued an “overweight” rating and set a $104.00 price objective on shares of ONEOK in a research note on Wednesday, January 28th. Jefferies Financial Group started coverage on ONEOK in a report on Tuesday, January 20th. They issued a “hold” rating and a $80.00 target price on the stock. Finally, Wolfe Research downgraded ONEOK from an “outperform” rating to a “peer perform” rating in a report 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. Based on data from MarketBeat, ONEOK currently has an average rating of “Hold” and an average target price of $86.60.

ONEOK Stock Down 0.4%

NYSE:OKE opened at $86.21 on Thursday. The business’s fifty day moving average price is $81.45 and its 200 day moving average price is $74.99. The firm has a market capitalization of $54.29 billion, a price-to-earnings ratio of 15.91, a PEG ratio of 6.59 and a beta of 0.93. The company has a current ratio of 0.71, a quick ratio of 0.56 and a debt-to-equity ratio of 1.36. ONEOK, Inc. has a 1-year low of $64.02 and a 1-year high of $103.64.

ONEOK (NYSE:OKE) last issued its earnings results on Monday, February 23rd. The utilities provider reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.50 by $0.05. The company had revenue of $9.07 billion for the quarter, compared to the consensus estimate of $8.77 billion. ONEOK had a return on equity of 15.29% and a net margin of 10.09%.During the same quarter in the prior year, the company earned $1.57 EPS. 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 announced a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Monday, February 2nd were paid 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 dividend yield of 5.0%. ONEOK’s dividend payout ratio (DPR) is 78.97%.

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.