Swiss National Bank Sells 90,200 Shares of ONEOK, Inc. $OKE

Key Points

• Swiss National Bank trimmed its ONEOK stake by 4.8% in Q3, selling 90,200 shares and finishing the quarter with 1,800,553 shares (about 0.29% of the company) valued at roughly $131.4 million.
• Other institutions were active: Norges Bank opened a new position of about $562.8 million, Vanguard holds 76.51 million shares (~$6.25 billion), and several managers (Boston Partners, First Eagle, Man Group) substantially increased stakes, leaving institutional ownership at 69.13%.
• ONEOK beat Q results (EPS $1.55 vs. $1.50), raised its quarterly dividend to $1.07 (annualized $4.28, ~5.1% yield), set FY2026 EPS guidance of 5.04–5.87, and currently carries a consensus analyst rating of Hold with a $86.47 target.

Swiss National Bank lessened its holdings in ONEOK, Inc. (NYSE:OKE - Free Report) by 4.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,800,553 shares of the utilities provider's stock after selling 90,200 shares during the period. Swiss National Bank owned approximately 0.29% of ONEOK worth $131,386,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Norges Bank bought a new position in ONEOK during the 2nd quarter valued at about $562,832,000. Boston Partners boosted its position in shares of ONEOK by 53.7% during the second quarter. Boston Partners now owns 5,509,100 shares of the utilities provider's stock valued at $448,476,000 after buying an additional 1,924,864 shares during the period. First Eagle Investment Management LLC grew its stake in shares of ONEOK by 24.2% during the third quarter. First Eagle Investment Management LLC now owns 7,769,215 shares of the utilities provider's stock valued at $566,920,000 after buying an additional 1,513,042 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of ONEOK by 1.7% in the second quarter. Vanguard Group Inc. now owns 76,510,971 shares of the utilities provider's stock worth $6,245,591,000 after buying an additional 1,314,002 shares during the period. Finally, Man Group plc lifted its stake in shares of 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 acquiring an additional 1,161,352 shares during the last quarter. Institutional investors own 69.13% of the company's stock.

Analyst Upgrades and Downgrades

OKE has been the topic of a number of recent analyst reports. Jefferies Financial Group started coverage on ONEOK in a research note on Tuesday, January 20th. They issued a "hold" rating and a $80.00 target price on the stock. Wolfe Research lowered shares of ONEOK from an "outperform" rating to a "peer perform" rating in a report on Wednesday, February 25th. Mizuho set a $89.00 price objective on shares of ONEOK in a research report on Monday, February 23rd. Morgan Stanley reaffirmed an "overweight" rating and set a $104.00 target price on shares of ONEOK in a research report on Wednesday, January 28th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of ONEOK in a research note on Monday, December 29th. Seven analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $86.47.

ONEOK Stock Performance

Shares of NYSE:OKE opened at $84.75 on Wednesday. The company has a market capitalization of $53.37 billion, a price-to-earnings ratio of 15.64, a price-to-earnings-growth ratio of 5.08 and a beta of 0.93. ONEOK, Inc. has a 52 week low of $64.02 and a 52 week high of $103.64. The company has a quick ratio of 0.56, a current ratio of 0.71 and a debt-to-equity ratio of 1.36. The firm has a 50 day moving average of $79.89 and a 200 day moving average of $74.55.

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

ONEOK Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Monday, February 2nd were given a dividend of $1.07 per share. The ex-dividend date of this dividend was Monday, February 2nd. This is an increase from ONEOK's previous quarterly dividend of $1.03. This represents a $4.28 dividend on an annualized basis and a yield of 5.1%. ONEOK's dividend payout ratio is 78.97%.

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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