ONEOK, Inc. $OKE Shares Sold by State of New Jersey Common Pension Fund D

Key Points

• State of New Jersey Common Pension Fund D sold 13,271 ONEOK shares, trimming its stake by 6.1% to 202,762 shares worth about $14.9 million.
• ONEOK reported Q1 EPS of $1.23 (below consensus ~ $1.30) while revenue and adjusted EBITDA rose, and management raised FY2026 guidance (adjusted EBITDA midpoint $8.25B; net income outlook $3.5B); analysts are mixed with a consensus "Hold" rating and an average price target of $91.06.
• The company declared a quarterly dividend of $1.07 (annualized $4.28), a 4.7% yield, with an ex-dividend date of May 4 and a payout ratio around 76.3%.

State of New Jersey Common Pension Fund D lowered its stake in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 6.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 202,762 shares of the utilities provider's stock after selling 13,271 shares during the period. State of New Jersey Common Pension Fund D's holdings in ONEOK were worth $14,903,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. City Holding Co. acquired a new stake in shares of ONEOK during the third quarter valued at $28,000. Winnow Wealth LLC acquired a new stake in shares of ONEOK during the third quarter valued at $28,000. Financial Consulate Inc. acquired a new stake in shares of ONEOK during the third quarter valued at $29,000. SRH Advisors LLC boosted its stake in shares of 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 acquiring an additional 241 shares during the last quarter. Finally, AXS Investments LLC acquired a new stake in shares of ONEOK during the third quarter valued at $35,000. Institutional investors and hedge funds own 69.13% of the company's stock.

Analyst Ratings Changes

A number of analysts recently commented on the company. Scotiabank lowered ONEOK from a "sector outperform" rating to a "sector perform" rating and decreased their price objective for the company from $92.00 to $89.00 in a research note on Thursday. Raymond James Financial reaffirmed an "outperform" rating and set a $92.00 price objective on shares of ONEOK in a research note on Thursday. Morgan Stanley increased their price objective on ONEOK from $104.00 to $113.00 and gave the company an "overweight" rating in a research note on Tuesday, April 7th. Jefferies Financial Group increased their price objective on ONEOK from $98.00 to $100.00 and gave the company a "buy" rating in a research note on Wednesday, April 8th. Finally, TD Cowen raised their price target on ONEOK from $80.00 to $85.00 and gave the stock a "hold" rating in a research note on Thursday. Seven equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $91.06.

ONEOK Stock Down 2.0%

Shares of NYSE:OKE opened at $90.58 on Friday. The stock's 50-day moving average price is $87.11 and its two-hundred day moving average price is $78.29. The company has a current ratio of 0.71, a quick ratio of 0.56 and a debt-to-equity ratio of 1.37. ONEOK, Inc. has a 12-month low of $64.02 and a 12-month high of $95.30. The firm has a market cap of $57.07 billion, a price-to-earnings ratio of 16.15, a PEG ratio of 7.00 and a beta of 0.78.

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 analysts' consensus estimates of $1.30 by ($0.07). ONEOK had a return on equity of 16.06% and a net margin of 10.03%.The business had revenue of $9.62 billion during the quarter, compared to analyst estimates of $8.23 billion. During the same period in the previous year, the business posted $1.04 earnings per share. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. On average, research analysts forecast that ONEOK, Inc. will post 5.53 EPS for the current year.

ONEOK Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Monday, May 4th will be issued a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date is Monday, May 4th. ONEOK's dividend payout ratio (DPR) is 76.29%.

Trending Headlines about ONEOK

Here are the key news stories impacting ONEOK this week:

• Positive Sentiment: Company raised guidance and 2026 outlook — ONEOK announced a 2026 adjusted EBITDA midpoint of $8.25B and raised its net income outlook to $3.5B, signaling stronger forward cash flow and underpinning the stock’s recent strength. ONEOK projects 2026 adjusted EBITDA midpoint of $8.25B as it raises net income outlook to $3.5B
• Positive Sentiment: Management sees momentum continuing — Coverage notes (and company commentary) highlight robust earnings growth, a 4.7% yield and management’s view that Q1 momentum will continue into the year, supporting dividend income investors. This 4.7%-Yielding Energy Stock Reported Robust Earnings Growth and Sees More Growth Coming Down the Pipeline
• Positive Sentiment: Analysts lifting views — Some analysts have issued upgrades and upward revisions to forecasts after Q1 and the guidance raise, boosting near-term sentiment and supporting share price resilience. New Forecasts: Here's What Analysts Think The Future Holds For ONEOK, Inc. NYSE: OKE
• Positive Sentiment: Wells Fargo remains constructive — Wells Fargo trimmed its price target slightly (to $98) but kept an overweight rating, implying continued analyst confidence in longer-term upside. Wells Fargo price target note via Benzinga
• Positive Sentiment: Small upward EPS tweak from an independent analyst — US Capital Advisors nudged FY2027 EPS estimates slightly higher, a modest reaffirmation of earnings power. MarketBeat EPS estimate note
• Neutral Sentiment: Q1 results were mixed — ONEOK reported Q1 EPS below consensus ($1.23 vs. ~$1.30) but adjusted EBITDA rose ~12% year‑over‑year and management increased guidance, leaving investors weighing earnings miss vs. stronger cash-flow metrics. ONEOK (OKE) Reports First-Quarter EPS of $1.23
• Neutral Sentiment: Analyst model updates are mixed — Brokers and independent services have revised forecasts after Q1, producing both buy-side and hold-side adjustments rather than a consensus directional shift. These Analysts Revise Their Forecasts On ONEOK Following Q1 Results
• Positive Sentiment: Included on lists of attractive infrastructure stocks — Inclusion on several “infrastructure / high upside” lists can attract longer‑term institutional and dividend investors. 8 Best Infrastructure Stocks to Buy with Highest Upside Potential
• Negative Sentiment: Scotiabank cut the stock — Scotiabank downgraded ONEOK, saying it’s a less compelling value versus other liquids names, which increases downside pressure from benchmark-focused investors. ONEOK cut at Scotiabank as less compelling value proposition vs other liquids names
• Negative Sentiment: TD Cowen still cautious — TD Cowen lifted its target to $85 but left a “hold” rating, implying limited near‑term upside and signaling some investor skepticism; the target sits below recent trade levels. TD Cowen target change via Benzinga/The Fly

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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