Teachers Retirement System of The State of Kentucky Has $36.22 Million Position in ONEOK, Inc. $OKE

Teachers Retirement System of The State of Kentucky increased its stake in ONEOK, Inc. (NYSE:OKE) by 20.4% in the 1st quarter, Holdings Channel reports. The firm owned 400,707 shares of the utilities provider’s stock after purchasing an additional 68,000 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in ONEOK were worth $36,219,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Hoxton Planning & Management LLC boosted its holdings in shares of ONEOK by 2.3% during the 4th quarter. Hoxton Planning & Management LLC now owns 5,372 shares of the utilities provider’s stock worth $395,000 after buying an additional 120 shares during the period. Welch Group LLC raised its holdings in ONEOK by 0.8% in the 1st quarter. Welch Group LLC now owns 14,859 shares of the utilities provider’s stock worth $1,343,000 after acquiring an additional 122 shares during the period. Disciplined Investments LLC lifted its position in ONEOK by 0.6% during the 4th quarter. Disciplined Investments LLC now owns 21,577 shares of the utilities provider’s stock worth $1,586,000 after acquiring an additional 125 shares during the last quarter. TCV Trust & Wealth Management Inc. lifted its position in ONEOK by 4.2% during the 4th quarter. TCV Trust & Wealth Management Inc. now owns 3,290 shares of the utilities provider’s stock worth $242,000 after acquiring an additional 133 shares during the last quarter. Finally, Fruth Investment Management boosted its holdings in ONEOK by 0.7% during the first quarter. Fruth Investment Management now owns 20,015 shares of the utilities provider’s stock valued at $1,809,000 after acquiring an additional 133 shares during the period. Institutional investors and hedge funds own 69.13% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on OKE shares. Barclays lowered their price target on ONEOK from $90.00 to $88.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 8th. Freedom Capital upgraded ONEOK from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 5th. Weiss Ratings raised ONEOK from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 18th. TD Cowen raised their target price on ONEOK from $80.00 to $85.00 and gave the company a “hold” rating in a report on Thursday, April 30th. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $92.00 price target on shares of ONEOK in a research report on Thursday, April 30th. Eight research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $91.75.

ONEOK Stock Down 0.0%

NYSE OKE opened at $89.90 on Monday. ONEOK, Inc. has a twelve month low of $64.02 and a twelve month high of $96.07. The stock has a market cap of $56.65 billion, a PE ratio of 16.03, a PEG ratio of 6.72 and a beta of 0.73. The firm has a 50-day simple moving average of $88.73 and a 200 day simple moving average of $84.71. 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 issued its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.30 by ($0.07). The firm 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 quarter in the prior year, the firm earned $1.04 earnings per share. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. On average, research analysts forecast that ONEOK, Inc. will post 5.72 EPS for the current year.

ONEOK Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 4th were given a dividend of $1.07 per share. The ex-dividend date was Monday, May 4th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 4.8%. ONEOK’s 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.