Northwestern Mutual Wealth Management Co. Buys 205,139 Shares of ONEOK, Inc. $OKE

Northwestern Mutual Wealth Management Co. raised its stake in shares of ONEOK, Inc. (NYSE:OKE) by 268.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 281,560 shares of the utilities provider’s stock after purchasing an additional 205,139 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in ONEOK were worth $20,695,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. First Eagle Investment Management LLC lifted its position in shares of 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 acquiring an additional 3,596,089 shares in the last quarter. Danske Bank A S lifted its position in shares of 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 worth $124,320,000 after buying an additional 1,644,945 shares in the last quarter. Man Group plc lifted its position in shares of ONEOK by 292.1% in the second quarter. Man Group plc now owns 1,558,993 shares of the utilities provider’s stock worth $127,261,000 after buying an additional 1,161,352 shares in the last quarter. Swiss Life Asset Management Ltd lifted its position in shares of 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 worth $111,897,000 after buying an additional 1,045,976 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of ONEOK by 0.9% in the third quarter. Vanguard Group Inc. now owns 77,222,590 shares of the utilities provider’s stock worth $5,634,932,000 after buying an additional 711,619 shares in the last quarter. Institutional investors own 69.13% of the company’s stock.

Analyst Ratings Changes

OKE has been the topic of a number of research analyst reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of ONEOK in a research report on Monday, May 4th. Barclays boosted their target price on ONEOK from $82.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 30th. Mizuho set a $89.00 target price on ONEOK in a research report on Monday, February 23rd. TD Cowen boosted their target price on ONEOK from $80.00 to $85.00 and gave the stock a “hold” rating in a research report on Thursday, April 30th. Finally, Freedom Capital upgraded ONEOK from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th. Seven equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $91.88.

ONEOK Trading Up 1.5%

OKE opened at $95.15 on Wednesday. The stock has a market cap of $59.95 billion, a price-to-earnings ratio of 16.96, a P/E/G ratio of 6.82 and a beta of 0.78. The stock’s 50 day moving average price is $88.09 and its 200-day moving average price is $80.02. ONEOK, Inc. has a one year low of $64.02 and a one year high of $95.65. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.56 and a current ratio of 0.71.

ONEOK (NYSE:OKE) last released its earnings results on Tuesday, April 28th. The utilities provider reported $1.23 EPS for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.07). The business had revenue of $9.62 billion for the quarter, compared to the consensus estimate of $8.23 billion. ONEOK had a net margin of 10.03% and a return on equity of 16.06%. During the same period in the prior year, the company posted $1.04 EPS. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. On average, equities analysts forecast that ONEOK, Inc. will post 5.76 EPS for the current year.

ONEOK Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 4th were paid a dividend of $1.07 per share. The ex-dividend date of this dividend was Monday, May 4th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 4.5%. ONEOK’s dividend payout ratio is currently 76.29%.

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.