National Pension Service Raises Stock Holdings in ONEOK, Inc. $OKE

Key Points

• National Pension Service increased its ONEOK stake by 3.2% in the second quarter, adding 32,239 shares to reach 1.04 million shares valued at approximately $90.1 million. Institutional investors collectively own 69.13% of the company.
• ONEOK reported quarterly EPS of $1.53, beating analyst expectations of $1.46, while revenue reached $12.05 billion versus the $8.95 billion consensus estimate. The company maintained fiscal 2026 EPS guidance of $5.68.
• ONEOK declared a quarterly dividend of $1.07, equivalent to $4.28 annually and a 4.4% yield. Analysts’ consensus rating remains “Hold,” with an average price target of $96.06.

National Pension Service raised its position in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 3.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,036,354 shares of the utilities provider's stock after purchasing an additional 32,239 shares during the period. National Pension Service owned 0.16% of ONEOK worth $90,101,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. GTS Securities LLC grew its position in ONEOK by 4.3% during the second quarter. GTS Securities LLC now owns 2,573 shares of the utilities provider's stock worth $224,000 after buying an additional 105 shares in the last quarter. Meridian Wealth Management LLC lifted its position in ONEOK by 1.8% in the second quarter. Meridian Wealth Management LLC now owns 6,598 shares of the utilities provider's stock valued at $574,000 after purchasing an additional 115 shares during the last quarter. Clearstead Trust LLC increased its position in shares of ONEOK by 4.7% in the first quarter. Clearstead Trust LLC now owns 2,632 shares of the utilities provider's stock valued at $238,000 after acquiring an additional 117 shares during the period. Hoxton Planning & Management LLC lifted its stake in ONEOK by 2.3% in the fourth quarter. Hoxton Planning & Management LLC now owns 5,372 shares of the utilities provider's stock worth $395,000 after acquiring an additional 120 shares during the period. Finally, Welch Group LLC lifted its holdings in ONEOK by 0.8% in the first quarter. Welch Group LLC now owns 14,859 shares of the utilities provider's stock worth $1,343,000 after buying an additional 122 shares during the period. Institutional investors own 69.13% of the company's stock.

ONEOK Trading Up 1.0%

Shares of NYSE OKE opened at $96.72 on Friday. The company has a quick ratio of 0.59, a current ratio of 0.74 and a debt-to-equity ratio of 1.34. The business has a fifty day simple moving average of $92.56 and a two-hundred day simple moving average of $89.45. The firm has a market cap of $60.97 billion, a PE ratio of 16.68, a price-to-earnings-growth ratio of 2.72 and a beta of 0.74. ONEOK, Inc. has a twelve month low of $64.02 and a twelve month high of $99.85.

ONEOK (NYSE:OKE - Get Free Report) last announced its earnings results on Monday, August 3rd. The utilities provider reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.07. The business had revenue of $12.05 billion for the quarter, compared to analysts' expectations 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 firm earned $1.34 EPS. ONEOK has set its FY 2026 guidance at 5.680-5.680 EPS. Analysts expect that ONEOK, Inc. will post 5.73 earnings per share for the current fiscal year.

ONEOK Dividend Announcement

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

Analyst Ratings Changes

OKE has been the subject of several recent research reports. TD Cowen lifted their target price on shares of ONEOK from $90.00 to $93.00 and gave the company a "hold" rating in a report on Friday. Barclays lowered their price target on ONEOK from $90.00 to $88.00 and set an "equal weight" rating on the stock in a report on Wednesday, July 8th. Citigroup upped their price objective on ONEOK from $97.00 to $108.00 and gave the stock a "buy" rating in a research note on Thursday, September 3rd. Jefferies Financial Group boosted their price objective on ONEOK from $95.00 to $105.00 and gave the company a "hold" rating in a research report on Wednesday, September 2nd. Finally, US Capital Advisors cut shares of ONEOK from a "strong-buy" rating to a "moderate buy" rating in a research note on Thursday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and twelve have given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $96.06.

ONEOK Company 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.

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