ONEOK, Inc. $OKE Shares Acquired by Allworth Financial LP

Allworth Financial LP boosted its stake in shares of ONEOK, Inc. (NYSE:OKE) by 448.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 123,049 shares of the utilities provider’s stock after buying an additional 100,595 shares during the quarter. Allworth Financial LP’s holdings in ONEOK were worth $10,045,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of OKE. Access Investment Management LLC acquired a new position in ONEOK in the 2nd quarter valued at about $33,000. Financial Network Wealth Advisors LLC grew its holdings in ONEOK by 2,466.7% during the 1st quarter. Financial Network Wealth Advisors LLC now owns 385 shares of the utilities provider’s stock worth $38,000 after acquiring an additional 370 shares in the last quarter. Trust Co. of Toledo NA OH acquired a new position in shares of ONEOK during the second quarter worth $42,000. Cheviot Value Management LLC acquired a new position in shares of ONEOK during the 1st quarter worth about $46,000. Finally, CNB Bank purchased a new position in ONEOK in the second quarter valued at approximately $51,000. 69.13% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Brian L. Derksen bought 2,500 shares of ONEOK stock in a transaction that occurred on Monday, November 3rd. The shares were purchased at an average price of $66.00 per share, for a total transaction of $165,000.00. Following the completion of the acquisition, the director owned 21,200 shares of the company’s stock, valued at $1,399,200. The trade was a 13.37% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.21% of the company’s stock.

ONEOK Trading Down 0.4%

Shares of ONEOK stock opened at $67.88 on Tuesday. ONEOK, Inc. has a fifty-two week low of $64.02 and a fifty-two week high of $118.07. The firm has a market cap of $42.71 billion, a PE ratio of 12.48, a P/E/G ratio of 2.62 and a beta of 1.05. The business’s fifty day moving average is $70.75 and its two-hundred day moving average is $77.02. The company has a quick ratio of 0.46, a current ratio of 0.90 and a debt-to-equity ratio of 1.44.

ONEOK (NYSE:OKE) last announced its quarterly earnings data on Tuesday, October 28th. The utilities provider reported $1.49 EPS for the quarter, beating analysts’ consensus estimates of $1.48 by $0.01. The business had revenue of $9.17 billion during the quarter, compared to the consensus estimate of $8.23 billion. ONEOK had a return on equity of 15.12% and a net margin of 10.58%.During the same quarter in the previous year, the business earned $1.18 earnings per share. ONEOK has set its FY 2025 guidance at 4.970-5.770 EPS. Analysts anticipate that ONEOK, Inc. will post 5.07 earnings per share for the current year.

ONEOK Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Monday, November 3rd will be given a dividend of $1.03 per share. The ex-dividend date of this dividend is Monday, November 3rd. This represents a $4.12 annualized dividend and a yield of 6.1%. ONEOK’s dividend payout ratio is 75.74%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of ONEOK in a report on Wednesday, October 8th. Citigroup dropped their price objective on shares of ONEOK from $102.00 to $95.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. Scotiabank cut their target price on ONEOK from $88.00 to $87.00 and set a “sector outperform” rating for the company in a research note on Tuesday, November 4th. Barclays cut their price target on shares of ONEOK from $83.00 to $78.00 and set an “equal weight” rating for the company in a report on Thursday, October 9th. Finally, Argus raised ONEOK from a “hold” rating to a “buy” rating and set a $79.00 price objective for the company in a research note on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $91.94.

ONEOK 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.