Danske Bank A S Buys 1,644,945 Shares of ONEOK, Inc. $OKE

Danske Bank A S increased its stake in ONEOK, Inc. (NYSE:OKE - Free Report) by 3,538.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,691,433 shares of the utilities provider's stock after purchasing an additional 1,644,945 shares during the period. Danske Bank A S owned approximately 0.27% of ONEOK worth $124,320,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of OKE. First Eagle Investment Management LLC increased its position in shares of ONEOK by 24.2% in the third quarter. First Eagle Investment Management LLC now owns 7,769,215 shares of the utilities provider's stock worth $566,920,000 after purchasing an additional 1,513,042 shares during the period. Man Group plc increased its position in shares of ONEOK by 292.1% in the second quarter. Man Group plc now owns 1,558,993 shares of the utilities provider's stock worth $127,261,000 after purchasing an additional 1,161,352 shares during the period. Vanguard Group Inc. increased its position in shares of ONEOK by 0.9% in the third quarter. Vanguard Group Inc. now owns 77,222,590 shares of the utilities provider's stock worth $5,634,932,000 after purchasing an additional 711,619 shares during the period. Dimensional Fund Advisors LP increased its position in shares of ONEOK by 14.9% in the third quarter. Dimensional Fund Advisors LP now owns 5,433,178 shares of the utilities provider's stock worth $396,462,000 after purchasing an additional 703,834 shares during the period. Finally, American Century Companies Inc. increased its position in shares of ONEOK by 47.4% in the third quarter. American Century Companies Inc. now owns 1,998,726 shares of the utilities provider's stock worth $145,847,000 after purchasing an additional 642,427 shares during the period. Institutional investors own 69.13% of the company's stock.

Key Stories Impacting ONEOK

Here are the key news stories impacting ONEOK this week:

• Positive Sentiment: Company raised 2026 outlook and projected a stronger cash-flow profile — ONEOK projected a 2026 adjusted EBITDA midpoint of $8.25B and raised its net income outlook to $3.5B, signaling stronger underlying operations and supporting higher valuation expectations. ONEOK projects 2026 adjusted EBITDA midpoint of $8.25B as it raises net income outlook to $3.5B
• Positive Sentiment: Major sell-side support intact — Wells Fargo trimmed its price target modestly to $98 but kept an "overweight" stance, implying continued buy-side conviction and near-term upside. These price target notes from Wells Fargo
• Positive Sentiment: Analysts nudging estimates higher — US Capital Advisors lifted FY2027 and FY2028 EPS forecasts slightly, reflecting modestly improved earnings visibility. This supports improving consensus expectations. US Capital Advisors raises EPS estimates for ONEOK
• Positive Sentiment: Industry recognition — ONEOK was featured in a list of top infrastructure stocks, which can attract investor attention from income and infrastructure-focused funds. 8 Best Infrastructure Stocks to Buy with Highest Upside Potential
• Neutral Sentiment: Analyst reactions are mixed — several firms have updated forecasts after Q1, producing a range of takes rather than a consensus directional shift. Watch next-week analyst notes for conviction changes. These Analysts Revise Their Forecasts On ONEOK Following Q1 Results
• Neutral Sentiment: Dividend timetable note — ONEOK will soon trade ex-dividend, a detail that can influence short-term demand from income investors but is not a fundamental change. Four Days Left Until ONEOK Trades Ex-Dividend
• Negative Sentiment: Q1 EPS missed consensus — ONEOK reported EPS below expectations ($1.23 vs. ~1.29–1.32), which can temper enthusiasm despite raised guidance; investors may focus on the EPS miss when judging near-term multiples. ONEOK Reports First-Quarter EPS of $1.23
• Negative Sentiment: Some sell-side skepticism — Scotiabank cut its view, calling ONEOK a less compelling value versus other liquids names, which could weigh on relative-performance buyers. ONEOK cut at Scotiabank as less compelling value proposition vs other liquids names
• Negative Sentiment: TD Cowen's view signals limited near-term upside — TD Cowen raised its target to $85 but kept a "hold" stance, implying potential downside from current levels and caution among some analysts. TD Cowen price target update

Analyst Ratings Changes

A number of research analysts have issued reports on OKE shares. Barclays lifted their target price on ONEOK from $82.00 to $90.00 and gave the company an "equal weight" rating in a research report on Thursday. JPMorgan Chase & Co. cut ONEOK from an "overweight" rating to a "neutral" rating and decreased their target price for the company from $87.00 to $83.00 in a research report on Tuesday, January 27th. Scotiabank cut ONEOK from a "sector outperform" rating to a "sector perform" rating and decreased their target price for the company from $92.00 to $89.00 in a research report on Thursday. Mizuho set a $89.00 target price on ONEOK in a research report on Monday, February 23rd. Finally, Raymond James Financial reiterated an "outperform" rating and issued a $92.00 target price on shares of ONEOK in a research report on Thursday. Seven investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $91.06.

ONEOK Stock Performance

ONEOK stock opened at $92.49 on Friday. ONEOK, Inc. has a 12-month low of $64.02 and a 12-month high of $95.30. The company has a quick ratio of 0.56, a current ratio of 0.71 and a debt-to-equity ratio of 1.37. The business's 50-day moving average price is $87.11 and its two-hundred day moving average price is $78.29. The stock has a market cap of $58.27 billion, a PE ratio of 16.49, a P/E/G ratio of 6.76 and a beta of 0.84.

ONEOK (NYSE:OKE - Get Free Report) last announced its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $1.23 EPS for the quarter, missing analysts' consensus estimates of $1.30 by ($0.07). ONEOK had a net margin of 10.03% and a return on equity of 16.06%. The firm had revenue of $9.62 billion for the quarter, compared to analyst estimates of $8.23 billion. During the same period in the previous year, the business posted $1.04 earnings per share. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. As a group, analysts expect that ONEOK, Inc. will post 5.53 earnings per share for the current fiscal year.

ONEOK Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Monday, May 4th will be paid a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date of this dividend is Monday, May 4th. ONEOK's dividend payout ratio (DPR) is presently 76.29%.

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.

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