M&T Bank Corp Has $8.80 Million Stock Holdings in ONEOK, Inc. $OKE

Key Points

• M&T Bank Corp trimmed its stake in ONEOK by 10.7% in Q4, selling 14,399 shares and leaving 119,727 shares valued at $8.8 million.
• ONEOK beat Q4 estimates, reporting $1.55 EPS vs. $1.50 expected and $9.07 billion in revenue, and set FY2026 guidance of 5.040–5.870 EPS (analysts average ~5.65).
• ONEOK declared a quarterly dividend of $1.07 per share (annualized $4.28), implying a 4.9% yield, with an ex-dividend date of May 4 and a payout ratio of 78.97%.

M&T Bank Corp trimmed its holdings in ONEOK, Inc. (NYSE:OKE - Free Report) by 10.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 119,727 shares of the utilities provider's stock after selling 14,399 shares during the quarter. M&T Bank Corp's holdings in ONEOK were worth $8,800,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in OKE. City Holding Co. acquired a new position in shares of 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 valued at about $28,000. Financial Consulate Inc. acquired a new position in shares of ONEOK in the 3rd quarter valued at about $29,000. SRH Advisors LLC lifted its stake in shares of ONEOK by 122.3% in the 4th 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 period. Finally, AXS Investments LLC acquired a new position in shares of ONEOK in the 3rd quarter valued at about $35,000. 69.13% of the stock is owned by institutional investors and hedge funds.

ONEOK Stock Performance

Shares of ONEOK stock opened at $87.55 on Friday. ONEOK, Inc. has a one year low of $64.02 and a one year high of $95.30. The firm has a market capitalization of $55.16 billion, a price-to-earnings ratio of 16.15, a PEG ratio of 6.46 and a beta of 0.84. The business has a 50-day simple moving average of $86.83 and a 200 day simple moving average of $77.77. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.71 and a quick ratio of 0.56.

ONEOK (NYSE:OKE - Get Free Report) last issued its earnings results on Monday, February 23rd. The utilities provider reported $1.55 EPS for the quarter, beating analysts' consensus estimates of $1.50 by $0.05. The business had revenue of $9.07 billion during the quarter, compared to analyst estimates of $8.77 billion. ONEOK had a return on equity of 15.29% and a net margin of 10.09%.During the same period in the previous year, the company posted $1.57 EPS. ONEOK has set its FY 2026 guidance at 5.040-5.870 EPS. On average, research analysts anticipate that ONEOK, Inc. will post 5.65 earnings per share for the current fiscal year.

ONEOK Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Monday, May 4th will be issued a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date of this dividend is Monday, May 4th. ONEOK's payout ratio is currently 78.97%.

Analysts Set New Price Targets

OKE has been the subject of a number of research analyst reports. Scotiabank reaffirmed an "outperform" rating on shares of ONEOK in a research report on Monday, April 13th. JPMorgan Chase & Co. lowered 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. Weiss Ratings reaffirmed a "hold (c)" rating on shares of ONEOK in a research report on Monday, December 29th. Jefferies Financial Group boosted their target price on ONEOK from $98.00 to $100.00 and gave the company a "buy" rating in a research report on Wednesday, April 8th. Finally, Wells Fargo & Company raised ONEOK from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $81.00 to $100.00 in a research report on Wednesday, March 25th. Nine analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $89.69.

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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