IFM Investors Pty Ltd Cuts Stock Holdings in ONEOK, Inc. $OKE

IFM Investors Pty Ltd reduced its stake in shares of ONEOK, Inc. (NYSE:OKE) by 8.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 189,346 shares of the utilities provider’s stock after selling 17,557 shares during the quarter. IFM Investors Pty Ltd’s holdings in ONEOK were worth $17,115,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of OKE. Brighton Jones LLC increased its stake in shares of ONEOK by 137.1% in the fourth quarter. Brighton Jones LLC now owns 15,278 shares of the utilities provider’s stock worth $1,534,000 after buying an additional 8,834 shares during the period. Empowered Funds LLC boosted its position in ONEOK by 0.8% during the 1st quarter. Empowered Funds LLC now owns 17,957 shares of the utilities provider’s stock valued at $1,782,000 after buying an additional 137 shares during the period. Acadian Asset Management LLC purchased a new stake in ONEOK during the 1st quarter valued at $216,000. Federated Hermes Inc. grew its holdings in ONEOK by 14.0% in the 2nd quarter. Federated Hermes Inc. now owns 3,120 shares of the utilities provider’s stock worth $255,000 after acquiring an additional 383 shares during the last quarter. Finally, NewEdge Advisors LLC grew its holdings in ONEOK by 3.9% in the 2nd quarter. NewEdge Advisors LLC now owns 130,347 shares of the utilities provider’s stock worth $10,640,000 after acquiring an additional 4,902 shares during the last quarter. Institutional investors own 69.13% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on OKE shares. Wells Fargo & Company lowered their price objective on shares of 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 ONEOK from $98.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, April 8th. Weiss Ratings upgraded ONEOK from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 18th. Barclays increased their price objective on ONEOK from $82.00 to $90.00 and gave the stock an “equal weight” rating in a report on Thursday, April 30th. Finally, Royal Bank Of Canada lifted their price objective on ONEOK from $79.00 to $84.00 and gave the stock a “sector perform” rating in a research report on Thursday, March 19th. Eight analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, ONEOK currently has an average rating of “Hold” and a consensus target price of $91.88.

ONEOK Price Performance

Shares of NYSE OKE opened at $85.59 on Thursday. ONEOK, Inc. has a 1 year low of $64.02 and a 1 year high of $96.07. 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 company’s 50-day moving average is $88.49 and its 200 day moving average is $83.88. The stock has a market capitalization of $53.94 billion, a P/E ratio of 15.26, a P/E/G ratio of 6.50 and a beta of 0.73.

ONEOK (NYSE:OKE) last issued its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $1.23 EPS for the quarter, missing the consensus estimate of $1.30 by ($0.07). ONEOK had a return on equity of 16.06% and a net margin of 10.03%.The company had revenue of $9.62 billion during the quarter, compared to analysts’ expectations of $8.23 billion. During the same quarter last year, the business earned $1.04 earnings per share. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. On average, sell-side analysts expect that ONEOK, Inc. will post 5.72 earnings per share for the current year.

ONEOK Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 4th were given a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date of this dividend was Monday, May 4th. 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.