ONEOK, Inc. $OKE Shares Sold by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund cut its stake in ONEOK, Inc. (NYSE:OKE) by 95.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 39,521 shares of the utilities provider’s stock after selling 838,353 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in ONEOK were worth $3,572,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Zions Bancorporation National Association UT increased its position in ONEOK by 73.3% during the fourth quarter. Zions Bancorporation National Association UT now owns 338 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 143 shares during the last quarter. Portus Wealth Advisors LLC purchased a new position in ONEOK during the first quarter worth about $33,000. Elyxium Wealth LLC acquired a new position in ONEOK in the 4th quarter valued at about $29,000. Wilkerson Advisory Group LLC grew its stake in shares of ONEOK by 51.4% in the 1st quarter. Wilkerson Advisory Group LLC now owns 392 shares of the utilities provider’s stock valued at $35,000 after buying an additional 133 shares during the period. Finally, Cornerstone Financial Management LLC acquired a new stake in shares of ONEOK during the 4th quarter worth approximately $29,000. Hedge funds and other institutional investors own 69.13% of the company’s stock.

ONEOK Stock Down 1.0%

ONEOK stock opened at $89.07 on Friday. The company has a market capitalization of $56.13 billion, a PE ratio of 15.88, a price-to-earnings-growth ratio of 4.87 and a beta of 0.73. 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, Inc. has a fifty-two week low of $64.02 and a fifty-two week high of $96.07. The firm has a 50 day moving average price of $89.16 and a 200 day moving average price of $86.55.

ONEOK (NYSE:OKE) last released its quarterly 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). ONEOK had a return on equity of 16.06% and a net margin of 10.03%.The firm had revenue of $9.62 billion for the quarter, compared to analyst estimates of $8.23 billion. During the same quarter last year, the company earned $1.04 earnings per share. Research analysts expect that ONEOK, Inc. will post 5.65 earnings per share for the current year.

ONEOK Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Monday, August 3rd will be paid a dividend of $1.07 per share. The ex-dividend date of this dividend is Monday, August 3rd. This represents a $4.28 annualized dividend and a yield of 4.8%. ONEOK’s dividend payout ratio is presently 76.29%.

Wall Street Analysts Forecast Growth

OKE has been the topic of several analyst reports. Raymond James Financial reaffirmed an “outperform” rating and set a $92.00 price target on shares of ONEOK in a research report on Thursday, April 30th. Freedom Capital raised ONEOK from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 5th. Barclays reduced their target price 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. Truist Financial increased their price target on ONEOK from $91.00 to $93.00 and gave the stock a “hold” rating in a report on Monday, May 4th. Finally, TD Cowen raised their price objective on ONEOK from $85.00 to $90.00 and gave the stock a “hold” rating in a research report on Thursday, July 16th. Seven analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat.com, ONEOK has an average rating of “Hold” and an average price target of $91.81.

Key Stories Impacting ONEOK

Here are the key news stories impacting ONEOK this week:

• Positive Sentiment: ONEOK’s earnings outlook received a boost from US Capital Advisors, which raised its EPS forecasts for the third quarter of 2026, each quarter of fiscal 2027, fiscal 2027 overall, and fiscal 2028. The firm now expects $6.12 in FY2027 EPS and $6.97 in FY2028, up from $6.03 and $6.88, respectively. MarketBeat ONEOK analyst estimates
• Positive Sentiment: Analysts expect rising natural-gas demand, stronger processing volumes and stable fee-based revenue to support ONEOK’s second-quarter performance. These factors could reinforce the company’s relatively predictable midstream cash flows ahead of its earnings release. ONEOK Gears Up to Report Q2 Earnings
• Neutral Sentiment: Wall Street’s pre-earnings analysis is focused on key operating metrics beyond revenue and EPS, including volumes, processing activity and fee-based contributions. The estimates set a higher bar for ONEOK’s report and could increase volatility if results or guidance diverge. Wall Street’s Insights Into Key Metrics Ahead of ONEOK Q2 Earnings
• Negative Sentiment: Morgan Stanley downgraded ONEOK because of concerns about the company’s growth profile, while expressing a preference for rival Targa Resources. The downgrade is the clearest near-term negative catalyst and may be encouraging investors to reassess ONEOK’s valuation and growth prospects. ONEOK Cut at Morgan Stanley on Growth Concerns

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.