Strs Ohio Has $1.10 Million Position in ONEOK, Inc. $OKE

Key Points

• Strs Ohio trimmed its position in ONEOK by 86.3%, selling 93,974 shares and leaving 14,969 shares worth about $1.10 million at the end of the quarter.
• Several large institutions materially increased stakes—Danske Bank bought ~1.64M shares and First Eagle ~1.51M, while Vanguard holds 77.2M shares—leaving 69.13% of ONEOK owned by institutional investors.
• ONEOK missed quarterly EPS ($1.23 vs. $1.30) but beat revenue, set FY2026 guidance at 5.53 EPS (analysts ~5.9), and declared a quarterly dividend of $1.07 (annualized $4.28, ~5.0% yield).

Strs Ohio trimmed its position in ONEOK, Inc. (NYSE:OKE - Free Report) by 86.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,969 shares of the utilities provider's stock after selling 93,974 shares during the period. Strs Ohio's holdings in ONEOK were worth $1,100,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of OKE. Danske Bank A S boosted its position in shares of ONEOK by 3,538.4% during the fourth quarter. Danske Bank A S now owns 1,691,433 shares of the utilities provider's stock worth $124,320,000 after purchasing an additional 1,644,945 shares in the last quarter. First Eagle Investment Management LLC raised its stake 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 during the period. Man Group plc raised its stake 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 during the period. Vanguard Group Inc. lifted its holdings in ONEOK by 0.9% during the third quarter. Vanguard Group Inc. now owns 77,222,590 shares of the utilities provider's stock worth $5,634,932,000 after acquiring an additional 711,619 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in ONEOK by 14.9% during the third quarter. Dimensional Fund Advisors LP now owns 5,433,178 shares of the utilities provider's stock worth $396,462,000 after acquiring an additional 703,834 shares in the last quarter. Institutional investors own 69.13% of the company's stock.

ONEOK Stock Performance

OKE opened at $85.70 on Thursday. The company has a market capitalization of $53.99 billion, a price-to-earnings ratio of 15.28, a P/E/G ratio of 6.38 and a beta of 0.78. The business's 50-day moving average price is $87.13 and its two-hundred day moving average price is $78.69. ONEOK, Inc. has a 1 year low of $64.02 and a 1 year high of $95.30. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.71 and a quick ratio of 0.56.

ONEOK (NYSE:OKE - Get Free Report) last posted its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $1.23 earnings per share for the quarter, missing the consensus estimate of $1.30 by ($0.07). The firm had revenue of $9.62 billion for the quarter, compared to analyst estimates 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 prior year, the company earned $1.04 earnings per share. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. Equities analysts expect that ONEOK, Inc. will post 5.9 EPS for the current fiscal year.

ONEOK Announces Dividend

The company also recently declared 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. 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 is 76.29%.

Analysts Set New Price Targets

Several brokerages have issued reports on OKE. Wall Street Zen downgraded ONEOK from a "hold" rating to a "sell" rating in a report on Saturday, May 2nd. Mizuho set a $89.00 price objective on ONEOK in a research report on Monday, February 23rd. Wells Fargo & Company lowered their target price on ONEOK from $100.00 to $98.00 and set an "overweight" rating for the company in a research note on Thursday, April 30th. Jefferies Financial Group raised their target price on shares of ONEOK from $98.00 to $100.00 and gave the stock a "buy" rating in a report on Wednesday, April 8th. Finally, Wolfe Research lowered shares of ONEOK from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, February 25th. Seven research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $91.19.

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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