Assenagon Asset Management S.A. Has $54 Million Position in ONEOK, Inc. $OKE

Assenagon Asset Management S.A. boosted its holdings in ONEOK, Inc. (NYSE:OKE) by 25.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 734,671 shares of the utilities provider’s stock after acquiring an additional 147,220 shares during the period. Assenagon Asset Management S.A. owned 0.12% of ONEOK worth $53,998,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Winnow Wealth LLC acquired a new position in shares of ONEOK in the third quarter valued at $28,000. City Holding Co. acquired a new stake in shares of ONEOK during the 3rd quarter worth about $28,000. Global Wealth Strategies & Associates acquired a new stake in shares of ONEOK during the 3rd quarter worth about $29,000. Financial Consulate Inc. bought a new stake in shares of ONEOK during the 3rd quarter worth about $29,000. Finally, Twin Peaks Wealth Advisors LLC bought a new stake in shares of ONEOK during the 2nd quarter worth about $34,000. 69.13% of the stock is owned by institutional investors.

Key ONEOK News

Here are the key news stories impacting ONEOK this week:

• Positive Sentiment: Jefferies upgraded ONEOK, signaling institutional support that likely helped buying interest. ONEOK Upgraded at Jefferies Financial Group
• Positive Sentiment: ONEOK earned membership in the “95‑plus composite rating club,” a quality/composite score that can attract income and quality‑focused investors. Oneok earns membership in 95-plus composite rating club
• Positive Sentiment: A Zacks note called out OKE advancing while the broader market declined, reinforcing that headline momentum is favoring the stock today. Oneok Inc. (OKE) Advances While Market Declines
• Neutral Sentiment: Truist initiated coverage with a “Hold” rating and a $91 price target—only a marginal upside from current levels—so this is more confirmation than a strong catalyst. Benzinga coverage of Truist initiation
• Neutral Sentiment: Brokerage consensus remains around a “Hold,” per a survey report, which supports the view that the stock is fairly valued by many analysts. ONEOK Receives Average Rating of “Hold” from Brokerages
• Negative Sentiment: US Capital Advisors issued a detailed set of cuts to near‑term 2026/2027 quarterly and annual EPS forecasts (e.g., FY2026 lowered to $5.63 from $5.96; FY2027 trimmed to $6.01), which could weigh on short‑term sentiment despite the firm’s longer‑term FY2028 projection. This is the main fundamental headwind in today’s newsflow. MarketBeat summary of analyst estimate changes

Analyst Upgrades and Downgrades

Several research analysts have weighed in on OKE shares. Weiss Ratings reissued a “hold (c)” rating on shares of ONEOK in a report on Monday, December 29th. Morgan Stanley restated an “overweight” rating and set a $104.00 price objective on shares of ONEOK in a report on Wednesday, January 28th. Royal Bank Of Canada increased their target price on ONEOK from $79.00 to $84.00 and gave the stock a “sector perform” rating in a research note on Thursday, March 19th. Jefferies Financial Group raised ONEOK from a “hold” rating to a “buy” rating and lifted their price target for the stock from $85.00 to $98.00 in a report on Friday, March 20th. Finally, Wells Fargo & Company boosted their price target on ONEOK from $79.00 to $81.00 and gave the company an “equal weight” rating in a research note on Friday, March 13th. Eight investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $87.75.

ONEOK Stock Up 1.0%

Shares of NYSE OKE opened at $90.86 on Wednesday. The stock has a market capitalization of $57.22 billion, a P/E ratio of 16.76, a PEG ratio of 6.83 and a beta of 0.93. The stock’s fifty day moving average is $82.78 and its 200 day moving average is $75.42. ONEOK, Inc. has a 52 week low of $64.02 and a 52 week high of $103.64. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.56 and a current ratio of 0.71.

ONEOK (NYSE:OKE) last posted its quarterly earnings data on Monday, February 23rd. The utilities provider reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.50 by $0.05. The business had revenue of $9.07 billion during the quarter, compared to analysts’ expectations of $8.77 billion. ONEOK had a net margin of 10.09% and a return on equity of 15.29%. During the same quarter in the prior year, the business posted $1.57 earnings per share. ONEOK has set its FY 2026 guidance at 5.040-5.870 EPS. Sell-side analysts forecast that ONEOK, Inc. will post 5.07 earnings per share for the current fiscal year.

ONEOK Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Monday, February 2nd were issued a dividend of $1.07 per share. This is a boost from ONEOK’s previous quarterly dividend of $1.03. The ex-dividend date of this dividend was Monday, February 2nd. This represents a $4.28 dividend on an annualized basis and a dividend yield of 4.7%. ONEOK’s payout ratio is currently 78.97%.

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.