TD Asset Management Inc Grows Stock Holdings in ONEOK, Inc. $OKE

TD Asset Management Inc raised its position in shares of ONEOK, Inc. (NYSE:OKE) by 14.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 349,677 shares of the utilities provider’s stock after buying an additional 44,155 shares during the period. TD Asset Management Inc owned about 0.06% of ONEOK worth $25,701,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of OKE. Norges Bank purchased a new position in shares of ONEOK during the fourth quarter worth $564,867,000. First Eagle Investment Management LLC boosted its holdings in ONEOK by 46.3% in the fourth quarter. First Eagle Investment Management LLC now owns 11,365,304 shares of the utilities provider’s stock valued at $835,350,000 after purchasing an additional 3,596,089 shares during the period. Danske Bank A S boosted its holdings in ONEOK by 3,538.4% in the fourth quarter. Danske Bank A S now owns 1,691,433 shares of the utilities provider’s stock valued at $124,320,000 after purchasing an additional 1,644,945 shares during the period. Man Group plc boosted its holdings in ONEOK by 292.1% in the second quarter. Man Group plc now owns 1,558,993 shares of the utilities provider’s stock valued at $127,261,000 after purchasing an additional 1,161,352 shares during the period. Finally, Swiss Life Asset Management Ltd boosted its holdings in ONEOK by 219.5% in the fourth quarter. Swiss Life Asset Management Ltd now owns 1,522,404 shares of the utilities provider’s stock valued at $111,897,000 after purchasing an additional 1,045,976 shares during the period. 69.13% of the stock is currently owned by hedge funds and other institutional investors.

ONEOK Stock Up 0.0%

Shares of NYSE OKE opened at $88.26 on Monday. The company has a market capitalization of $55.61 billion, a price-to-earnings ratio of 15.73, a price-to-earnings-growth ratio of 6.60 and a beta of 0.74. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.71 and a quick ratio of 0.56. The business has a 50-day moving average of $88.56 and a two-hundred day moving average of $81.98. ONEOK, Inc. has a 1 year low of $64.02 and a 1 year high of $96.07.

ONEOK (NYSE:OKE) last announced 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 for the quarter, compared to analysts’ expectations of $8.23 billion. During the same period last year, the firm earned $1.04 earnings per share. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. On average, analysts forecast that ONEOK, Inc. will post 5.72 earnings per share for the current fiscal year.

ONEOK Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Monday, May 4th were paid a $1.07 dividend. This represents a $4.28 annualized dividend and a yield of 4.8%. The ex-dividend date was Monday, May 4th. ONEOK’s dividend payout ratio is currently 76.29%.

Wall Street Analysts Forecast Growth

OKE has been the subject of a number of recent research reports. Citigroup lifted their target price on ONEOK from $95.00 to $97.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Jefferies Financial Group lifted their target price on ONEOK from $98.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, April 8th. Royal Bank Of Canada lifted their target price on ONEOK from $79.00 to $84.00 and gave the company a “sector perform” rating in a report on Thursday, March 19th. Wolfe Research lowered ONEOK from an “outperform” rating to a “peer perform” rating in a report on Wednesday, February 25th. Finally, Morgan Stanley lifted their target price on ONEOK from $104.00 to $113.00 and gave the company an “overweight” rating in a report on Tuesday, April 7th. Eight investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, ONEOK presently has an average rating of “Hold” and a consensus price target of $91.88.

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.