ONEOK, Inc. $OKE Shares Bought by Mitsubishi UFJ Trust & Banking Corp

Key Points

• Mitsubishi UFJ Trust & Banking Corp increased its stake in ONEOK by 3.5% to 2,297,858 shares (0.37% ownership) worth about $168.94 million, and institutional/hedge funds now own roughly 69.13% of the stock.
• ONEOK beat quarterly estimates with EPS of $1.55 (vs. $1.50) and revenue of $9.07 billion (vs. $8.77 billion) and set FY2026 guidance of $5.04–$5.87 EPS (sell-side consensus ~5.65).
• The firm declared a quarterly dividend of $1.07 (annualized $4.28) for a yield of about 4.9%; the record/ex-dividend and payment dates are May 4 and May 15, respectively, and the payout ratio is ~78.97%.

Mitsubishi UFJ Trust & Banking Corp boosted its holdings in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 3.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,297,858 shares of the utilities provider's stock after buying an additional 77,019 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.37% of ONEOK worth $168,943,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in OKE. First Eagle Investment Management LLC lifted its holdings in ONEOK by 24.2% during the 3rd quarter. First Eagle Investment Management LLC now owns 7,769,215 shares of the utilities provider's stock worth $566,920,000 after buying an additional 1,513,042 shares in the last quarter. Man Group plc lifted its holdings in ONEOK by 292.1% during the 2nd quarter. Man Group plc now owns 1,558,993 shares of the utilities provider's stock worth $127,261,000 after buying an additional 1,161,352 shares in the last quarter. Vanguard Group Inc. lifted its holdings in ONEOK by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 77,222,590 shares of the utilities provider's stock worth $5,634,932,000 after buying an additional 711,619 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in ONEOK by 14.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 5,433,178 shares of the utilities provider's stock worth $396,462,000 after buying an additional 703,834 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in ONEOK by 47.4% during the 3rd quarter. American Century Companies Inc. now owns 1,998,726 shares of the utilities provider's stock worth $145,847,000 after buying an additional 642,427 shares in the last quarter. 69.13% of the stock is currently owned by institutional investors and hedge funds.

ONEOK Trading Up 0.3%

NYSE OKE opened at $87.80 on Tuesday. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.71 and a quick ratio of 0.56. The firm's fifty day moving average price is $86.86 and its 200 day moving average price is $77.96. The company has a market capitalization of $55.32 billion, a price-to-earnings ratio of 16.20, a price-to-earnings-growth ratio of 6.48 and a beta of 0.84. ONEOK, Inc. has a 12 month low of $64.02 and a 12 month high of $95.30.

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

ONEOK Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on OKE. Barclays raised their price objective on shares of ONEOK from $76.00 to $82.00 and gave the company an "equal weight" rating in a report on Thursday, March 5th. Wells Fargo & Company upgraded shares of ONEOK from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $81.00 to $100.00 in a report on Wednesday, March 25th. Morgan Stanley raised their price objective on shares of ONEOK from $104.00 to $113.00 and gave the company an "overweight" rating in a report on Tuesday, April 7th. Truist Financial began coverage on shares of ONEOK in a report on Tuesday, March 24th. They issued a "hold" rating and a $91.00 price objective on the stock. Finally, Wolfe Research lowered shares of ONEOK from an "outperform" rating to a "peer perform" rating in a report on Wednesday, February 25th. Nine analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $89.69.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.