Nordea Investment Management AB Grows Stock Holdings in ONEOK, Inc. $OKE

Key Points

• Nordea Investment Management AB raised its stake in ONEOK by 3.9% in Q4 to 807,387 shares (about 0.13% of the company) worth roughly $59.1 million, and institutional investors now own about 69.13% of the stock.
• ONEOK beat Q4 expectations with EPS of $1.55 (vs. $1.50 est.) and revenue of $9.07 billion (vs. $8.77 billion), and set FY2026 guidance of 5.04–5.87 EPS (consensus ~5.07).
• ONEOK increased its quarterly dividend to $1.07 (annualized $4.28), yielding about 4.8% with a payout ratio near 79%.

Nordea Investment Management AB increased its holdings in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 3.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 807,387 shares of the utilities provider's stock after purchasing an additional 30,125 shares during the period. Nordea Investment Management AB owned approximately 0.13% of ONEOK worth $59,137,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. National Pension Service lifted its holdings in shares of ONEOK by 2.9% in the 3rd quarter. National Pension Service now owns 857,949 shares of the utilities provider's stock valued at $62,605,000 after buying an additional 24,003 shares during the period. Hudson Edge Investment Partners Inc. lifted its holdings in ONEOK by 34.1% in the third quarter. Hudson Edge Investment Partners Inc. now owns 87,667 shares of the utilities provider's stock valued at $6,397,000 after acquiring an additional 22,282 shares during the period. Tectonic Advisors LLC boosted its position in ONEOK by 41.1% in the 3rd quarter. Tectonic Advisors LLC now owns 188,842 shares of the utilities provider's stock worth $13,780,000 after purchasing an additional 55,024 shares in the last quarter. Jones Financial Companies Lllp grew its stake in shares of ONEOK by 29.6% during the 3rd quarter. Jones Financial Companies Lllp now owns 534,285 shares of the utilities provider's stock worth $39,401,000 after purchasing an additional 121,891 shares during the period. Finally, Capital Management Corp VA grew its stake in shares of ONEOK by 49.2% during the 3rd quarter. Capital Management Corp VA now owns 228,882 shares of the utilities provider's stock worth $16,702,000 after purchasing an additional 75,450 shares during the period. 69.13% of the stock is owned by hedge funds and other institutional investors.

ONEOK Trading Up 0.8%

Shares of OKE stock opened at $89.90 on Tuesday. The stock's fifty day moving average is $82.44 and its two-hundred day moving average is $75.29. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.56 and a current ratio of 0.71. The firm has a market capitalization of $56.62 billion, a P/E ratio of 16.59, a PEG ratio of 6.79 and a beta of 0.93. ONEOK, Inc. has a fifty-two week low of $64.02 and a fifty-two week high of $103.64.

ONEOK (NYSE:OKE - Get Free Report) last released its earnings results on Monday, February 23rd. The utilities provider reported $1.55 earnings per share (EPS) for the quarter, topping 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 net margin of 10.09% and a return on equity of 15.29%. During the same quarter in the prior year, the firm earned $1.57 earnings per share. ONEOK has set its FY 2026 guidance at 5.040-5.870 EPS. Research analysts expect that ONEOK, Inc. will post 5.07 earnings per share for the current fiscal year.

ONEOK Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Monday, February 2nd were paid a dividend of $1.07 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a $4.28 annualized dividend and a yield of 4.8%. This is a boost from ONEOK's previous quarterly dividend of $1.03. ONEOK's dividend payout ratio is currently 78.97%.

Wall Street Analyst Weigh In

OKE has been the topic of a number of recent analyst reports. Weiss Ratings reissued a "hold (c)" rating on shares of ONEOK in a report on Monday, December 29th. Scotiabank reissued an "outperform" rating and set a $91.00 target price on shares of ONEOK in a research note on Friday, January 16th. Royal Bank Of Canada lifted their price target on ONEOK from $79.00 to $84.00 and gave the company a "sector perform" rating in a research note on Thursday, March 19th. Barclays increased their price target on ONEOK from $76.00 to $82.00 and gave the stock an "equal weight" rating in a research report on Thursday, March 5th. Finally, UBS Group cut their price objective on ONEOK from $114.00 to $103.00 and set a "buy" rating for the company in a research report on Thursday, January 22nd. Eight equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $87.53.

ONEOK 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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