Principal Financial Group Inc. Acquires 25,318 Shares of ONEOK, Inc. $OKE

Key Points

• Principal Financial Group raised its stake in ONEOK by 3.3% in Q4, purchasing 25,318 shares to hold 801,771 shares (about 0.13% of the company) valued at roughly $58.93 million, while institutional investors collectively own 69.13% of the stock.
• ONEOK announced a quarterly dividend of $1.07 (annualized $4.28) with an ex-dividend date of May 4 and payment on May 15, implying a 5.0% yield and a payout ratio of 76.29%.
• Quarterly results and guidance were mixed: ONEOK reported EPS of $1.23 (missing the $1.30 consensus) but revenue of $9.62 billion (above estimates), set FY2026 guidance at 5.530 EPS versus analysts' ~5.9 expectation, and carries an average analyst rating of "Hold" with a $91.31 price target.

Principal Financial Group Inc. grew its position in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 3.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 801,771 shares of the utilities provider's stock after buying an additional 25,318 shares during the quarter. Principal Financial Group Inc. owned approximately 0.13% of ONEOK worth $58,930,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of OKE. TCV Trust & Wealth Management Inc. raised its position in ONEOK by 4.2% in the 4th quarter. TCV Trust & Wealth Management Inc. now owns 3,290 shares of the utilities provider's stock valued at $242,000 after purchasing an additional 133 shares during the last quarter. Empowered Funds LLC grew its holdings in shares of ONEOK by 0.8% during the first quarter. Empowered Funds LLC now owns 17,957 shares of the utilities provider's stock worth $1,782,000 after purchasing an additional 137 shares during the last quarter. Fourpath Capital Management LLC grew its holdings in shares of ONEOK by 1.6% during the fourth quarter. Fourpath Capital Management LLC now owns 8,628 shares of the utilities provider's stock worth $634,000 after purchasing an additional 140 shares during the last quarter. JFS Wealth Advisors LLC increased its stake in shares of ONEOK by 8.4% in the fourth quarter. JFS Wealth Advisors LLC now owns 1,864 shares of the utilities provider's stock valued at $137,000 after buying an additional 144 shares in the last quarter. Finally, Avion Wealth increased its stake in shares of ONEOK by 20.3% in the fourth quarter. Avion Wealth now owns 882 shares of the utilities provider's stock valued at $64,000 after buying an additional 149 shares in the last quarter. Institutional investors and hedge funds own 69.13% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on OKE. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of ONEOK in a research note on Monday. UBS Group lowered their price target on shares of ONEOK from $114.00 to $103.00 and set a "buy" rating for the company in a report on Thursday, January 22nd. Wolfe Research cut shares of ONEOK from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, February 25th. 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 report on Thursday, April 30th. Finally, Wall Street Zen cut ONEOK from a "hold" rating to a "sell" rating in a research note on Saturday, May 2nd. Seven analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $91.31.

ONEOK Stock Up 0.4%

Shares of NYSE OKE opened at $85.97 on Friday. ONEOK, Inc. has a 52-week low of $64.02 and a 52-week high of $95.30. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.56 and a current ratio of 0.71. The stock has a market cap of $54.16 billion, a P/E ratio of 15.32, a P/E/G ratio of 6.07 and a beta of 0.78. The firm has a 50 day moving average price of $87.19 and a 200 day moving average price of $78.82.

ONEOK (NYSE:OKE - Get Free Report) last posted its 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). The business had revenue of $9.62 billion for the quarter, compared to the consensus estimate of $8.23 billion. ONEOK had a return on equity of 16.06% and a net margin of 10.03%.During the same period in the previous year, the company posted $1.04 earnings per share. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. Analysts expect that ONEOK, Inc. will post 5.9 EPS for the current year.

ONEOK Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Monday, May 4th will be given a $1.07 dividend. The ex-dividend date of this dividend is Monday, May 4th. This represents a $4.28 dividend on an annualized basis and a yield of 5.0%. ONEOK's dividend payout ratio (DPR) is 76.29%.

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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