Czech National Bank Purchases 7,233 Shares of ONEOK, Inc. $OKE

Czech National Bank lifted its holdings in ONEOK, Inc. (NYSE:OKE) by 4.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 159,944 shares of the utilities provider’s stock after purchasing an additional 7,233 shares during the period. Czech National Bank’s holdings in ONEOK were worth $11,671,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in OKE. Brighton Jones LLC lifted its holdings in shares of ONEOK by 137.1% during the fourth 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 last quarter. Quantbot Technologies LP bought a new position in ONEOK during the first quarter worth $1,529,000. Banco Bilbao Vizcaya Argentaria S.A. raised its stake in ONEOK by 6.7% during the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 16,040 shares of the utilities provider’s stock valued at $1,591,000 after purchasing an additional 1,005 shares during the last quarter. EntryPoint Capital LLC bought a new stake in ONEOK in the 1st quarter valued at $275,000. Finally, Candriam S.C.A. grew its position in ONEOK by 3.2% in the 1st quarter. Candriam S.C.A. now owns 56,519 shares of the utilities provider’s stock worth $5,608,000 after purchasing an additional 1,741 shares during the last quarter. Institutional investors and hedge funds own 69.13% of the company’s stock.

Insider Buying and Selling at ONEOK

In other news, Director Brian L. Derksen acquired 2,500 shares of the company’s stock in a transaction dated Monday, November 3rd. The stock was bought at an average price of $66.00 per share, with a total value of $165,000.00. Following the completion of the acquisition, the director owned 21,200 shares in the company, valued at approximately $1,399,200. This represents a 13.37% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.21% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Scotiabank cut their price objective on shares of ONEOK from $88.00 to $87.00 and set a “sector outperform” rating for the company in a research report on Tuesday, November 4th. Argus raised ONEOK from a “hold” rating to a “buy” rating and set a $79.00 price target for the company in a report on Thursday, November 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of ONEOK in a research report on Monday. Citigroup lowered their price objective on ONEOK from $102.00 to $95.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. Finally, Stifel Nicolaus set a $94.00 target price on ONEOK in a research report on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, ONEOK presently has a consensus rating of “Moderate Buy” and a consensus target price of $88.00.

ONEOK Price Performance

ONEOK stock opened at $71.68 on Friday. The business has a 50 day simple moving average of $70.32 and a 200 day simple moving average of $74.89. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.90 and a quick ratio of 0.75. The company has a market capitalization of $45.11 billion, a PE ratio of 13.18, a price-to-earnings-growth ratio of 4.38 and a beta of 0.95. ONEOK, Inc. has a one year low of $64.02 and a one year high of $111.02.

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, 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 firm had revenue of $8.63 billion during the quarter, compared to analyst estimates of $8.23 billion. During the same period in the prior year, the company posted $1.18 earnings per share. ONEOK has set its FY 2025 guidance at 4.970-5.770 EPS. On average, sell-side analysts forecast that ONEOK, Inc. will post 5.07 EPS for the current fiscal year.

ONEOK Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Monday, November 3rd were paid a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 5.7%. The ex-dividend date of this dividend was Monday, November 3rd. ONEOK’s dividend payout ratio is currently 75.74%.

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.