Dai ichi Life Insurance Company Ltd Has $2.39 Million Stock Position in ONEOK, Inc. $OKE

Dai ichi Life Insurance Company Ltd boosted its stake in ONEOK, Inc. (NYSE:OKE) by 65.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,412 shares of the utilities provider’s stock after acquiring an additional 10,492 shares during the period. Dai ichi Life Insurance Company Ltd’s holdings in ONEOK were worth $2,387,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Zions Bancorporation National Association UT boosted its stake in shares of ONEOK by 73.3% in the 4th quarter. Zions Bancorporation National Association UT now owns 338 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 143 shares during the last quarter. Elyxium Wealth LLC acquired a new stake in shares of ONEOK during the fourth quarter worth $29,000. Cornerstone Financial Management LLC bought a new position in ONEOK during the fourth quarter worth $29,000. SRH Advisors LLC raised its stake in ONEOK by 122.3% during the fourth quarter. SRH Advisors LLC now owns 438 shares of the utilities provider’s stock worth $32,000 after buying an additional 241 shares during the last quarter. Finally, Portus Wealth Advisors LLC acquired a new position in ONEOK in the first quarter valued at $33,000. Institutional investors and hedge funds own 69.13% of the company’s stock.

ONEOK Price Performance

OKE stock opened at $93.13 on Monday. The company has a market capitalization of $58.69 billion, a P/E ratio of 16.60, a price-to-earnings-growth ratio of 5.01 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 52-week low of $64.02 and a 52-week high of $96.07. The business has a 50-day simple moving average of $89.48 and a two-hundred day simple moving average of $86.05.

ONEOK (NYSE:OKE) last issued its quarterly earnings data 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 company had revenue of $9.62 billion for the quarter, compared to the consensus estimate of $8.23 billion. During the same period in the prior year, the firm posted $1.04 earnings per share. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. Research analysts expect that ONEOK, Inc. will post 5.68 EPS for the current fiscal year.

ONEOK Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Monday, August 3rd will be issued a dividend of $1.07 per share. The ex-dividend date is Monday, August 3rd. This represents a $4.28 annualized dividend and a yield of 4.6%. ONEOK’s dividend payout ratio is 76.29%.

Analysts Set New Price Targets

A number of analysts have commented on OKE shares. Jefferies Financial Group upped their price target on shares of ONEOK from $98.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, April 8th. Raymond James Financial reissued an “outperform” rating and issued a $92.00 price objective on shares of ONEOK in a research note on Thursday, April 30th. Citigroup upped their target price on ONEOK from $95.00 to $97.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. JPMorgan Chase & Co. raised their target price on ONEOK from $91.00 to $92.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Finally, Scotiabank downgraded ONEOK from a “sector outperform” rating to a “sector perform” rating and lowered their target price for the stock from $92.00 to $89.00 in a report on Thursday, April 30th. Eight analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, ONEOK presently has a consensus rating of “Hold” and an average price target of $92.44.

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.