American Century Companies Inc. Buys 268,379 Shares of ONEOK, Inc. $OKE

American Century Companies Inc. increased its stake in shares of ONEOK, Inc. (NYSE:OKE) by 24.7% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 1,356,299 shares of the utilities provider’s stock after purchasing an additional 268,379 shares during the period. American Century Companies Inc. owned 0.22% of ONEOK worth $110,715,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of ONEOK by 7.2% during the first quarter. Vanguard Group Inc. now owns 75,196,969 shares of the utilities provider’s stock valued at $7,461,043,000 after buying an additional 5,076,705 shares during the period. Nuveen LLC purchased a new position in ONEOK during the first quarter valued at approximately $440,535,000. Boston Partners bought a new stake in ONEOK during the 1st quarter worth approximately $353,596,000. First Eagle Investment Management LLC lifted its stake in ONEOK by 130.8% in the 2nd quarter. First Eagle Investment Management LLC now owns 6,256,173 shares of the utilities provider’s stock worth $510,691,000 after purchasing an additional 3,545,256 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in ONEOK by 13.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 20,957,230 shares of the utilities provider’s stock worth $2,079,376,000 after purchasing an additional 2,542,449 shares in the last quarter. Hedge funds and other institutional investors own 69.13% of the company’s stock.

ONEOK Trading Up 0.8%

NYSE:OKE opened at $70.82 on Wednesday. The firm has a market capitalization of $44.56 billion, a P/E ratio of 13.02, a P/E/G ratio of 2.62 and a beta of 1.05. The company has a quick ratio of 0.46, a current ratio of 0.90 and a debt-to-equity ratio of 1.44. The company has a fifty day moving average of $70.01 and a 200 day moving average of $76.00. ONEOK, Inc. has a 52 week low of $64.02 and a 52 week high of $114.27.

ONEOK (NYSE:OKE) last released its quarterly earnings data on Tuesday, October 28th. The utilities provider reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.48 by $0.01. The firm had revenue of $8.63 billion for the quarter, compared to analysts’ expectations of $8.23 billion. ONEOK had a net margin of 10.58% and a return on equity of 15.12%. During the same quarter in the previous year, the company earned $1.18 earnings per share. ONEOK has set its FY 2025 guidance at 4.970-5.770 EPS. On average, research analysts predict that ONEOK, Inc. will post 5.07 earnings per share for the current year.

ONEOK Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Monday, November 3rd were issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date was Monday, November 3rd. ONEOK’s dividend payout ratio is currently 75.74%.

Analysts Set New Price Targets

A number of research analysts have recently commented on OKE shares. Weiss Ratings restated a “hold (c)” rating on shares of ONEOK in a research report on Wednesday, November 19th. Wells Fargo & Company reduced their target price on ONEOK from $90.00 to $82.00 and set an “equal weight” rating for the company in a research report on Thursday, October 30th. Mizuho decreased their target price on ONEOK from $87.00 to $82.00 and set a “neutral” rating on the stock in a research note on Friday, August 29th. TD Cowen lowered their price target on ONEOK from $78.00 to $76.00 and set a “hold” rating on the stock in a report on Thursday, October 30th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $72.00 price target on shares of ONEOK in a research report on Monday, November 3rd. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, ONEOK has a consensus rating of “Moderate Buy” and a consensus target price of $89.27.

Insider Buying and Selling at ONEOK

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

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.