ONEOK, Inc. $OKE Shares Acquired by California State Teachers Retirement System

California State Teachers Retirement System lifted its holdings in shares of ONEOK, Inc. (NYSE:OKE) by 6,935.8% in the second quarter, HoldingsChannel.com reports. The firm owned 119,843,399 shares of the utilities provider’s stock after acquiring an additional 118,140,062 shares during the quarter. California State Teachers Retirement System owned 0.19% of ONEOK worth $10,419,185,000 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 the business. Castle Rock Wealth Management LLC lifted its stake in ONEOK by 360.0% during the fourth quarter. Castle Rock Wealth Management LLC now owns 36,216 shares of the utilities provider’s stock worth $2,815,000 after purchasing an additional 28,343 shares in the last quarter. First Eagle Investment Management LLC grew its stake in shares of ONEOK by 46.3% in the fourth quarter. First Eagle Investment Management LLC now owns 11,365,304 shares of the utilities provider’s stock valued at $835,350,000 after buying an additional 3,596,089 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of ONEOK by 21.8% in the 2nd quarter. Empowered Funds LLC now owns 73,242 shares of the utilities provider’s stock valued at $6,368,000 after buying an additional 13,103 shares during the period. Matrix Trust Co purchased a new stake in shares of ONEOK in the 2nd quarter valued at $1,245,000. Finally, ABC Arbitrage SA lifted its stake in ONEOK by 59.7% during the 1st quarter. ABC Arbitrage SA now owns 31,389 shares of the utilities provider’s stock worth $2,837,000 after acquiring an additional 11,740 shares in the last quarter. 69.13% of the stock is owned by institutional investors and hedge funds.

ONEOK Trading Up 2.3%

OKE opened at $97.62 on Wednesday. ONEOK, Inc. has a 12 month low of $64.02 and a 12 month high of $99.85. The stock has a market capitalization of $61.54 billion, a price-to-earnings ratio of 16.83, a PEG ratio of 2.66 and a beta of 0.74. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.74 and a quick ratio of 0.59. The business has a fifty day moving average price of $92.02 and a 200 day moving average price of $89.28.

ONEOK (NYSE:OKE) last posted its quarterly earnings results on Monday, August 3rd. The utilities provider reported $1.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.07. The company had revenue of $12.05 billion for the quarter, compared to analyst estimates of $8.95 billion. ONEOK had a return on equity of 16.41% and a net margin of 9.29%.During the same quarter last year, the company earned $1.34 EPS. ONEOK has set its FY 2026 guidance at 5.680-5.680 EPS. Sell-side analysts expect that ONEOK, Inc. will post 5.84 earnings per share for the current fiscal year.

ONEOK Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Monday, August 3rd were issued a $1.07 dividend. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $4.28 annualized dividend and a yield of 4.4%. ONEOK’s dividend payout ratio (DPR) is 73.79%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on OKE shares. Truist Financial raised their target price on ONEOK from $93.00 to $104.00 and gave the company a “hold” rating in a report on Wednesday, September 2nd. Royal Bank Of Canada boosted their price target on shares of ONEOK from $84.00 to $90.00 and gave the stock a “sector perform” rating in a research note on Tuesday, July 21st. Barclays reduced their price target on shares of ONEOK from $90.00 to $88.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 8th. US Capital Advisors lowered shares of ONEOK from a “strong-buy” rating to a “moderate buy” rating in a research note on Thursday, August 20th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of ONEOK from $95.00 to $106.00 and gave the company a “neutral” rating in a report on Tuesday, September 1st. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat, ONEOK presently has an average rating of “Hold” and an average target price of $95.50.

ONEOK Profile

ONEOK, Inc (NYSE: OKE) is an energy infrastructure company that gathers, processes, stores and transports natural gas and natural gas liquids (NGLs). Its operations connect production areas with domestic and international markets through pipelines, processing facilities, fractionation plants, storage assets and export infrastructure.

The company’s services include natural gas gathering and processing, interstate and intrastate natural gas transportation and storage, and the gathering, fractionation, storage and transportation of NGLs such as ethane, propane, normal butane, isobutane and natural gasoline.