Sumitomo Mitsui Trust Group Inc. Decreases Position in ONEOK, Inc. $OKE

Key Points

• Sumitomo Mitsui Trust Group cut its stake in ONEOK by 3.6% in Q4, selling 54,434 shares and now owns 1,445,575 shares (about 0.23%) valued at $106.25 million.
• ONEOK beat quarterly EPS expectations ($1.55 vs. $1.50) and set FY2026 guidance of 5.040–5.870 EPS, roughly in line with the sell‑side consensus of 5.07 EPS and a consensus rating of "Moderate Buy" with an average target of $89.69.
• The company raised its quarterly dividend to $1.07 (annualized $4.28) for a ~5.0% yield, while its dividend payout ratio remains elevated at about 78.97%.

Sumitomo Mitsui Trust Group Inc. lessened its holdings in ONEOK, Inc. (NYSE:OKE - Free Report) by 3.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,445,575 shares of the utilities provider's stock after selling 54,434 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.23% of ONEOK worth $106,250,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. City Holding Co. purchased a new stake in shares of ONEOK during the 3rd quarter worth $28,000. Winnow Wealth LLC purchased a new stake in shares of ONEOK during the 3rd quarter worth $28,000. Global Wealth Strategies & Associates purchased a new stake in shares of ONEOK during the 3rd quarter worth $29,000. Financial Consulate Inc. purchased a new stake in shares of ONEOK during the 3rd quarter worth $29,000. Finally, SRH Advisors LLC lifted its position in shares of ONEOK by 122.3% during the 4th quarter. SRH Advisors LLC now owns 438 shares of the utilities provider's stock worth $32,000 after purchasing an additional 241 shares during the last quarter. Hedge funds and other institutional investors own 69.13% of the company's stock.

ONEOK Price Performance

Shares of OKE opened at $85.20 on Tuesday. ONEOK, Inc. has a 1-year low of $64.02 and a 1-year high of $95.30. The stock has a market cap of $53.68 billion, a PE ratio of 15.72, a price-to-earnings-growth ratio of 6.52 and a beta of 0.84. 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 has a fifty day moving average price of $86.34 and a 200 day moving average price of $77.06.

ONEOK (NYSE:OKE - Get Free Report) last announced its quarterly earnings results on Monday, February 23rd. The utilities provider reported $1.55 earnings per share for the quarter, beating analysts' consensus estimates of $1.50 by $0.05. ONEOK had a net margin of 10.09% and a return on equity of 15.29%. The firm had revenue of $9.07 billion during the quarter, compared to analysts' expectations of $8.77 billion. During the same period in the previous year, the company earned $1.57 earnings per share. ONEOK has set its FY 2026 guidance at 5.040-5.870 EPS. As a group, sell-side analysts anticipate that ONEOK, Inc. will post 5.07 EPS for the current year.

ONEOK Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Monday, February 2nd were paid a $1.07 dividend. This is a boost from ONEOK's previous quarterly dividend of $1.03. This represents a $4.28 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date was Monday, February 2nd. ONEOK's dividend payout ratio (DPR) is presently 78.97%.

Analyst Ratings Changes

OKE has been the subject of several recent analyst reports. Wolfe Research cut shares of ONEOK from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, February 25th. Mizuho set a $89.00 price objective on shares of ONEOK in a research report on Monday, February 23rd. JPMorgan Chase & Co. cut shares of ONEOK from an "overweight" rating to a "neutral" rating and decreased their price objective for the stock from $87.00 to $83.00 in a research report on Tuesday, January 27th. Wells Fargo & Company raised shares of ONEOK from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $81.00 to $100.00 in a research report on Wednesday, March 25th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of ONEOK in a research report on Monday, December 29th. Nine investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, ONEOK currently has a consensus rating of "Moderate Buy" and an average price target of $89.69.

About ONEOK

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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