Corient Private Wealth LLC Raises Position in ONEOK, Inc. $OKE

Corient Private Wealth LLC lifted its position in shares of ONEOK, Inc. (NYSE:OKE) by 13.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 193,495 shares of the utilities provider’s stock after acquiring an additional 23,330 shares during the quarter. Corient Private Wealth LLC’s holdings in ONEOK were worth $15,795,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Brighton Jones LLC raised its position in shares of ONEOK by 137.1% in the 4th quarter. Brighton Jones LLC now owns 15,278 shares of the utilities provider’s stock worth $1,534,000 after buying an additional 8,834 shares during the period. Quantbot Technologies LP acquired a new position in ONEOK in the first quarter worth $1,529,000. BI Asset Management Fondsmaeglerselskab A S grew its holdings in shares of ONEOK by 103.4% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 71,270 shares of the utilities provider’s stock valued at $7,071,000 after purchasing an additional 36,237 shares during the last quarter. Groupama Asset Managment increased its holdings in shares of ONEOK by 4.0% in the 1st quarter. Groupama Asset Managment now owns 24,625 shares of the utilities provider’s stock worth $2,425,000 after acquiring an additional 948 shares during the period. Finally, Banco Bilbao Vizcaya Argentaria S.A. lifted its holdings in ONEOK by 6.7% in the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 16,040 shares of the utilities provider’s stock worth $1,591,000 after purchasing an additional 1,005 shares during the period. 69.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other ONEOK news, Director Brian L. Derksen acquired 2,500 shares of ONEOK stock in a transaction on Monday, November 3rd. The stock was purchased at an average price of $66.00 per share, for a total transaction of $165,000.00. Following the purchase, the director directly owned 21,200 shares of the company’s stock, valued at $1,399,200. This trade represents a 13.37% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.21% of the company’s stock.

ONEOK Stock Up 2.7%

Shares of NYSE:OKE opened at $73.08 on Thursday. The company has a fifty day moving average of $70.26 and a 200-day moving average of $74.98. ONEOK, Inc. has a 52-week low of $64.02 and a 52-week high of $111.02. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.75 and a current ratio of 0.90. The company has a market capitalization of $45.98 billion, a PE ratio of 13.43, a price-to-earnings-growth ratio of 4.36 and a beta of 0.95.

ONEOK (NYSE:OKE) last announced its earnings results on Tuesday, October 28th. The utilities provider reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.48 by $0.01. ONEOK had a return on equity of 15.12% and a net margin of 10.58%.The business had revenue of $8.63 billion during the quarter, compared to analyst estimates of $8.23 billion. During the same period last year, the company earned $1.18 EPS. ONEOK has set its FY 2025 guidance at 4.970-5.770 EPS. On average, equities analysts predict that ONEOK, Inc. will post 5.07 EPS for the current fiscal year.

ONEOK Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Monday, November 3rd were paid a $1.03 dividend. The ex-dividend date was Monday, November 3rd. This represents a $4.12 annualized dividend and a dividend yield of 5.6%. ONEOK’s dividend payout ratio is presently 75.74%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on OKE shares. Mizuho decreased their target price on ONEOK from $87.00 to $82.00 and set a “neutral” rating on the stock in a report on Friday, August 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of ONEOK in a research report on Monday. Morgan Stanley reduced their price objective on ONEOK from $122.00 to $110.00 and set an “overweight” rating for the company in a research report on Tuesday, August 26th. Argus upgraded shares of ONEOK from a “hold” rating to a “buy” rating and set a $79.00 target price for the company in a research report on Thursday, November 6th. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $82.00 price objective (down from $100.00) on shares of ONEOK in a research report on Friday, October 24th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $88.00.

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.