Rep. Dwight Evans Sells ONEOK, Inc. (NYSE:OKE) Shares

Representative Dwight Evans (D-Pennsylvania) recently sold shares of ONEOK, Inc. (NYSE:OKE). In a filing disclosed on April 17th, the Representative disclosed that they had sold between $1,001 and $15,000 in ONEOK stock on April 3rd. The trade occurred in the Representative’s “CETERA” account.

Representative Dwight Evans also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Quanta Services (NYSE:PWR) on 4/3/2025.
• Sold $1,001 – $15,000 in shares of AbbVie (NYSE:ABBV) on 4/3/2025.
• Purchased $1,001 – $15,000 in shares of NVIDIA (NASDAQ:NVDA) on 4/3/2025.
• Purchased $1,001 – $15,000 in shares of Intel (NASDAQ:INTC) on 4/3/2025.
• Sold $1,001 – $15,000 in shares of NextEra Energy (NYSE:NEE) on 4/3/2025.
• Sold $1,001 – $15,000 in shares of American Tower (NYSE:AMT) on 4/3/2025.
• Purchased $1,001 – $15,000 in shares of Alphabet (NASDAQ:GOOGL) on 4/3/2025.
• Purchased $1,001 – $15,000 in shares of International Business Machines (NYSE:IBM) on 4/3/2025.
• Sold $1,001 – $15,000 in shares of ServiceNow (NYSE:NOW) on 4/3/2025.
• Sold $1,001 – $15,000 in shares of Kinder Morgan (NYSE:KMI) on 4/3/2025.

ONEOK Trading Up 1.6 %

Shares of ONEOK stock opened at $86.19 on Friday. The company has a quick ratio of 0.59, a current ratio of 0.81 and a debt-to-equity ratio of 1.59. The firm has a market cap of $53.84 billion, a price-to-earnings ratio of 18.03, a price-to-earnings-growth ratio of 3.77 and a beta of 1.20. ONEOK, Inc. has a 52-week low of $75.48 and a 52-week high of $118.07. The company’s 50-day simple moving average is $93.39 and its 200-day simple moving average is $99.33.

ONEOK (NYSE:OKE) last released its earnings results on Monday, February 24th. The utilities provider reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.11. ONEOK had a return on equity of 16.84% and a net margin of 14.05%. The company had revenue of $7 billion for the quarter, compared to analysts’ expectations of $6.18 billion. As a group, equities research analysts anticipate that ONEOK, Inc. will post 5.07 earnings per share for the current year.

ONEOK Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were paid a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 4.78%. The ex-dividend date was Monday, February 3rd. This is a boost from ONEOK’s previous quarterly dividend of $0.99. ONEOK’s dividend payout ratio (DPR) is 79.69%.

Institutional Trading of ONEOK

A number of large investors have recently made changes to their positions in the stock. Norges Bank acquired a new stake in shares of ONEOK during the 4th quarter worth about $539,554,000. Wellington Management Group LLP lifted its stake in shares of ONEOK by 433.4% during the fourth quarter. Wellington Management Group LLP now owns 4,206,906 shares of the utilities provider’s stock valued at $422,373,000 after buying an additional 3,418,207 shares during the period. Price T Rowe Associates Inc. MD boosted its position in ONEOK by 240.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,790,760 shares of the utilities provider’s stock worth $280,194,000 after acquiring an additional 1,971,147 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in ONEOK in the 4th quarter worth approximately $182,694,000. Finally, ClearBridge Investments Ltd acquired a new position in ONEOK in the 4th quarter valued at $177,045,000. Institutional investors and hedge funds own 69.13% of the company’s stock.

Analyst Upgrades and Downgrades

OKE has been the topic of several research analyst reports. Wolfe Research upgraded shares of ONEOK from a “peer perform” rating to an “outperform” rating and set a $110.00 target price on the stock in a research report on Monday, February 10th. Citigroup initiated coverage on shares of ONEOK in a research report on Friday, February 28th. They set a “buy” rating and a $110.00 target price on the stock. Wells Fargo & Company reduced their price target on shares of ONEOK from $107.00 to $102.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 26th. US Capital Advisors upgraded ONEOK from a “moderate buy” rating to a “strong-buy” rating in a report on Monday, February 3rd. Finally, Scotiabank reduced their price objective on ONEOK from $109.00 to $102.00 and set a “sector outperform” rating for the company in a report on Thursday, March 6th. Seven investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, ONEOK currently has an average rating of “Moderate Buy” and a consensus price target of $106.42.

About Representative Evans

Dwight Evans (Democratic Party) is a member of the U.S. House, representing Pennsylvania’s 3rd Congressional District. He assumed office on January 3, 2019. His current term ends on January 3, 2027.

Evans (Democratic Party) is running for re-election to the U.S. House to represent Pennsylvania’s 3rd Congressional District. He declared candidacy for the 2026 election.

Evans earned his A.A. from the Community College of Philadelphia in 1973 and his bachelor’s degree from La Salle College in 1975. He then attended Graduate Work at Temple University from 1975 to 1976. His professional experience includes working as an employment counselor/job developer for the Urban League of Philadelphia and as a teacher in the Philadelphia Public School System.

ONEOK Company Profile

ONEOK, Inc engages in gathering, processing, fractionation, storage, transportation, and marketing of natural gas and natural gas liquids (NGL) in the United States. It operates through four segments: Natural Gas Gathering and Processing, Natural Gas Liquids, Natural Gas Pipelines, and Refined Products and Crude.