ONEOK, Inc. $OKE Holdings Raised by Everpar Advisors LLC

Everpar Advisors LLC boosted its stake in ONEOK, Inc. (NYSE:OKE) by 14.8% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 57,592 shares of the utilities provider’s stock after buying an additional 7,418 shares during the period. ONEOK accounts for 1.7% of Everpar Advisors LLC’s portfolio, making the stock its 12th biggest holding. Everpar Advisors LLC’s holdings in ONEOK were worth $4,202,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Paradiem LLC acquired a new stake in shares of ONEOK in the 3rd quarter worth approximately $823,000. MKT Advisors LLC raised its holdings in ONEOK by 55.3% during the third quarter. MKT Advisors LLC now owns 8,936 shares of the utilities provider’s stock worth $652,000 after purchasing an additional 3,183 shares in the last quarter. BankPlus Trust Department lifted its position in ONEOK by 15.2% in the third quarter. BankPlus Trust Department now owns 32,985 shares of the utilities provider’s stock worth $2,407,000 after purchasing an additional 4,349 shares during the period. NovaPoint Capital LLC acquired a new stake in ONEOK in the third quarter worth approximately $338,000. Finally, Apollon Wealth Management LLC boosted its stake in ONEOK by 21.8% during the 3rd quarter. Apollon Wealth Management LLC now owns 45,788 shares of the utilities provider’s stock valued at $3,341,000 after purchasing an additional 8,201 shares in the last quarter. Institutional investors and hedge funds own 69.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on OKE. The Goldman Sachs Group reissued a “neutral” rating and issued a $72.00 price objective on shares of ONEOK in a research note on Monday, November 3rd. Stifel Nicolaus set a $94.00 price target on shares of ONEOK in a research report on Thursday, October 30th. Scotiabank cut their price target on shares of ONEOK from $88.00 to $87.00 and set a “sector outperform” rating for the company in a report on Tuesday, November 4th. Weiss Ratings restated a “hold (c)” rating on shares of ONEOK in a research report on Monday, December 22nd. Finally, Barclays lowered their price objective on shares of ONEOK from $83.00 to $78.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $88.00.

Insiders Place Their Bets

In other ONEOK news, Director Brian L. Derksen purchased 2,500 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The shares were purchased at an average cost of $66.00 per share, with a total value of $165,000.00. Following the completion of the transaction, the director owned 21,200 shares of the company’s stock, valued at approximately $1,399,200. This represents a 13.37% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.21% of the company’s stock.

ONEOK Stock Performance

Shares of OKE opened at $72.83 on Friday. The company has a 50-day moving average of $70.76 and a two-hundred day moving average of $74.54. The stock has a market cap of $45.82 billion, a price-to-earnings ratio of 13.39, a PEG ratio of 4.45 and a beta of 0.95. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.90 and a quick ratio of 0.75. ONEOK, Inc. has a one year low of $64.02 and a one year high of $111.02.

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

ONEOK Dividend Announcement

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

About ONEOK

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.