MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Reduces Stock Position in ONEOK, Inc. $OKE

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. reduced its position in shares of ONEOK, Inc. (NYSE:OKE) by 5.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,384,078 shares of the utilities provider’s stock after selling 139,237 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in ONEOK were worth $173,968,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of OKE. City Holding Co. acquired a new position in ONEOK in the 3rd quarter valued at about $28,000. Winnow Wealth LLC acquired a new stake in shares of ONEOK in the 3rd quarter valued at $28,000. Global Wealth Strategies & Associates purchased a new stake in ONEOK during the 3rd quarter worth about $29,000. Financial Consulate Inc. acquired a new position in ONEOK in the third quarter valued at approximately $29,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new position in shares of ONEOK in the 2nd quarter valued at $34,000. 69.13% of the stock is owned by institutional investors and hedge funds.

ONEOK Stock Down 0.0%

ONEOK stock opened at $85.35 on Tuesday. The company has a 50-day simple moving average of $80.82 and a 200-day simple moving average of $74.84. ONEOK, Inc. has a one year low of $64.02 and a one year high of $103.64. The firm has a market capitalization of $53.75 billion, a P/E ratio of 15.75, a P/E/G ratio of 6.50 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.

ONEOK (NYSE:OKE) last released its quarterly earnings results on Monday, February 23rd. The utilities provider reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.50 by $0.05. ONEOK had a net margin of 10.09% and a return on equity of 15.29%. The company had revenue of $9.07 billion for the quarter, compared to the consensus estimate of $8.77 billion. During the same period in the previous year, the firm earned $1.57 EPS. ONEOK has set its FY 2026 guidance at 5.040-5.870 EPS. As a group, equities analysts expect that ONEOK, Inc. will post 5.07 earnings per share for the current year.

ONEOK Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Monday, February 2nd were issued a dividend of $1.07 per share. This is a positive change from ONEOK’s previous quarterly dividend of $1.03. This represents a $4.28 annualized dividend and a dividend yield of 5.0%. The ex-dividend date of this dividend was Monday, February 2nd. ONEOK’s dividend payout ratio (DPR) is currently 78.97%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Morgan Stanley reaffirmed an “overweight” rating and issued a $104.00 target price on shares of ONEOK in a report on Wednesday, January 28th. Jefferies Financial Group initiated coverage on shares of ONEOK in a research report on Tuesday, January 20th. They set a “hold” rating and a $80.00 target price on the stock. Scotiabank reaffirmed an “outperform” rating and issued a $91.00 price objective on shares of ONEOK in a research note on Friday, January 16th. Wells Fargo & Company lifted their target price on shares of ONEOK from $79.00 to $81.00 and gave the stock an “equal weight” rating in a research report on Friday. Finally, JPMorgan Chase & Co. lowered ONEOK from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $87.00 to $83.00 in a research note on Tuesday, January 27th. Seven analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, ONEOK presently has a consensus rating of “Hold” and an average target price of $86.60.

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.