UniSuper Management Pty Ltd Has $4.42 Million Stock Holdings in ONEOK, Inc. $OKE

UniSuper Management Pty Ltd raised its stake in ONEOK, Inc. (NYSE:OKE) by 22.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 60,597 shares of the utilities provider’s stock after purchasing an additional 11,307 shares during the quarter. UniSuper Management Pty Ltd’s holdings in ONEOK were worth $4,422,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in OKE. Norges Bank acquired a new stake in shares of ONEOK in the 2nd quarter valued at approximately $562,832,000. First Eagle Investment Management LLC raised its position in ONEOK by 130.8% during the second quarter. First Eagle Investment Management LLC now owns 6,256,173 shares of the utilities provider’s stock worth $510,691,000 after acquiring an additional 3,545,256 shares in the last quarter. Boston Partners lifted its stake in ONEOK by 53.7% in the second quarter. Boston Partners now owns 5,509,100 shares of the utilities provider’s stock valued at $448,476,000 after acquiring an additional 1,924,864 shares during the last quarter. Vanguard Group Inc. lifted its stake in ONEOK by 1.7% in the second quarter. Vanguard Group Inc. now owns 76,510,971 shares of the utilities provider’s stock valued at $6,245,591,000 after acquiring an additional 1,314,002 shares during the last quarter. Finally, Man Group plc grew its position in shares of ONEOK by 292.1% in the 2nd quarter. Man Group plc now owns 1,558,993 shares of the utilities provider’s stock valued at $127,261,000 after acquiring an additional 1,161,352 shares during the period. Institutional investors and hedge funds own 69.13% of the company’s stock.

ONEOK Price Performance

Shares of NYSE OKE opened at $78.02 on Monday. The firm has a market cap of $49.09 billion, a P/E ratio of 14.34, a price-to-earnings-growth ratio of 4.42 and a beta of 0.94. The business’s 50 day moving average is $73.12 and its 200-day moving average is $73.44. The company has a current ratio of 0.90, a quick ratio of 0.75 and a debt-to-equity ratio of 1.44. ONEOK, Inc. has a 1-year low of $64.02 and a 1-year high of $105.86.

ONEOK (NYSE:OKE) last issued its quarterly earnings data on Tuesday, October 28th. The utilities provider reported $1.49 EPS for the quarter, beating analysts’ consensus estimates of $1.48 by $0.01. ONEOK had a return on equity of 15.12% and a net margin of 10.58%.The firm had revenue of $8.63 billion for the quarter, compared to analyst estimates of $8.23 billion. During the same period in the prior year, the firm posted $1.18 EPS. ONEOK has set its FY 2025 guidance at 4.970-5.770 EPS. Equities research analysts predict that ONEOK, Inc. will post 5.07 earnings per share for the current year.

ONEOK Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Monday, February 2nd will be given a dividend of $1.07 per share. This is a positive change from ONEOK’s previous quarterly dividend of $1.03. This represents a $4.28 dividend on an annualized basis and a yield of 5.5%. The ex-dividend date of this dividend is Monday, February 2nd. ONEOK’s payout ratio is 75.74%.

Insiders Place Their Bets

In other ONEOK news, Director Brian L. Derksen acquired 2,500 shares of the business’s stock in a transaction on Monday, November 3rd. The stock was purchased at an average price of $66.00 per share, with a total value of $165,000.00. Following the acquisition, the director directly owned 21,200 shares of the company’s stock, valued at approximately $1,399,200. This trade represents a 13.37% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. The Goldman Sachs Group reiterated a “neutral” rating and issued a $72.00 target price on shares of ONEOK in a research note on Monday, November 3rd. Citigroup dropped their price objective on ONEOK from $102.00 to $95.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. Weiss Ratings reiterated a “hold (c)” rating on shares of ONEOK in a research note on Monday, December 29th. Wells Fargo & Company decreased their target price on ONEOK from $90.00 to $82.00 and set an “equal weight” rating on the stock in a report on Thursday, October 30th. Finally, UBS Group cut their price target on ONEOK from $114.00 to $103.00 and set a “buy” rating for the company in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, ONEOK has an average rating of “Moderate Buy” and a consensus target price of $88.56.

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.