Mitsubishi UFJ Asset Management Co. Ltd. Has $98.22 Million Stock Position in ONEOK, Inc. $OKE

Key Points

• Mitsubishi UFJ Asset Management increased its stake in ONEOK by 7.2% in Q4 to 1,321,218 shares worth $98.22 million, representing about 0.21% of the company.
• ONEOK reported quarterly EPS of $1.23 (missing estimates by $0.07) but topped revenue estimates at $9.62 billion, set FY2026 guidance at 5.53 EPS vs. analysts' ~5.9 expectation, and the stock trades near $85.97 with a consensus target of $91.31 and an overall "Hold" rating.
• The company declared a quarterly dividend of $1.07 (annualized $4.28) for a ~5.0% yield, with an ex-dividend date of May 4 and a dividend payout ratio of about 76.3%.

Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 7.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,321,218 shares of the utilities provider's stock after purchasing an additional 89,156 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.21% of ONEOK worth $98,219,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of OKE. Winnow Wealth LLC acquired a new stake in ONEOK during the third quarter valued at $28,000. SRH Advisors LLC boosted its position in ONEOK by 122.3% during the fourth quarter. SRH Advisors LLC now owns 438 shares of the utilities provider's stock valued at $32,000 after purchasing an additional 241 shares during the last quarter. AXS Investments LLC acquired a new stake in ONEOK during the third quarter valued at $35,000. Accredited Wealth Management LLC increased its stake in shares of ONEOK by 342.5% during the 3rd quarter. Accredited Wealth Management LLC now owns 500 shares of the utilities provider's stock worth $36,000 after purchasing an additional 387 shares during the last quarter. Finally, Steigerwald Gordon & Koch Inc. acquired a new position in shares of ONEOK during the 3rd quarter worth $38,000. Institutional investors and hedge funds own 69.13% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on OKE. UBS Group cut their price target on shares of ONEOK from $114.00 to $103.00 and set a "buy" rating on the stock in a report on Thursday, January 22nd. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of ONEOK in a research note on Monday. Jefferies Financial Group lifted their price objective on shares of ONEOK from $98.00 to $100.00 and gave the company a "buy" rating in a research note on Wednesday, April 8th. Wells Fargo & Company reduced their price objective on shares of ONEOK from $100.00 to $98.00 and set an "overweight" rating for the company in a research note on Thursday, April 30th. Finally, Freedom Capital raised shares of ONEOK from a "strong sell" rating to a "hold" rating in a research note on Tuesday. Seven equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $91.31.

ONEOK Stock Up 0.4%

OKE stock opened at $85.97 on Friday. The stock has a market capitalization of $54.16 billion, a price-to-earnings ratio of 15.32, a price-to-earnings-growth ratio of 6.07 and a beta of 0.78. The company has a 50-day moving average of $87.19 and a two-hundred day moving average of $78.82. ONEOK, Inc. has a 52-week low of $64.02 and a 52-week high of $95.30. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.71 and a quick ratio of 0.56.

ONEOK (NYSE:OKE - Get Free Report) last issued its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.30 by ($0.07). The business had revenue of $9.62 billion during the quarter, compared to analyst estimates of $8.23 billion. ONEOK had a net margin of 10.03% and a return on equity of 16.06%. During the same period in the prior 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, equities research analysts anticipate that ONEOK, Inc. will post 5.9 EPS for the current year.

ONEOK Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Monday, May 4th will be given a $1.07 dividend. This represents a $4.28 annualized dividend and a dividend yield of 5.0%. The ex-dividend date of this dividend is Monday, May 4th. ONEOK's dividend payout ratio (DPR) is currently 76.29%.

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.

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