Fort Washington Investment Advisors Inc. OH Has $8.29 Million Position in ONEOK, Inc. $OKE

Fort Washington Investment Advisors Inc. OH increased its position in shares of ONEOK, Inc. (NYSE:OKE) by 155.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 113,607 shares of the utilities provider’s stock after buying an additional 69,134 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in ONEOK were worth $8,290,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. Global Wealth Strategies & Associates bought a new position in shares of ONEOK during the 3rd quarter worth approximately $29,000. Access Investment Management LLC acquired a new position in ONEOK during the second quarter worth $33,000. Twin Peaks Wealth Advisors LLC bought a new position in ONEOK in the second quarter valued at $34,000. Trust Co. of Toledo NA OH bought a new position in ONEOK in the second quarter valued at $42,000. Finally, MTM Investment Management LLC acquired a new stake in ONEOK in the 2nd quarter valued at $44,000. Institutional investors own 69.13% of the company’s stock.

Insider Activity

In related news, Director Brian L. Derksen bought 2,500 shares of the business’s stock in a transaction dated Monday, November 3rd. The stock was bought at an average price of $66.00 per share, for a total transaction of $165,000.00. Following the purchase, the director owned 21,200 shares in the company, valued at $1,399,200. This represents a 13.37% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

OKE has been the subject of a number of recent research reports. Wells Fargo & Company reduced their price objective on shares of ONEOK from $90.00 to $82.00 and set an “equal weight” rating for the company in a research note on Thursday, October 30th. Stifel Nicolaus set a $94.00 target price on ONEOK in a report on Thursday, October 30th. TD Cowen reduced their price target on ONEOK from $78.00 to $76.00 and set a “hold” rating for the company in a research report on Thursday, October 30th. Weiss Ratings restated a “hold (c)” rating on shares of ONEOK in a research note on Monday. Finally, Scotiabank dropped their price objective on ONEOK from $88.00 to $87.00 and set a “sector outperform” rating on the stock in a research note on Tuesday, November 4th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $88.00.

ONEOK Price Performance

Shares of NYSE OKE opened at $73.82 on Wednesday. The company has a quick ratio of 0.75, a current ratio of 0.90 and a debt-to-equity ratio of 1.44. The business’s 50 day moving average price is $70.96 and its two-hundred day moving average price is $74.35. The company has a market cap of $46.45 billion, a PE ratio of 13.57, a price-to-earnings-growth ratio of 4.50 and a beta of 0.95. ONEOK, Inc. has a twelve month low of $64.02 and a twelve month high of $111.02.

ONEOK (NYSE:OKE) last issued its earnings results on Tuesday, October 28th. The utilities provider reported $1.49 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 company had revenue of $8.63 billion during the quarter, compared to the consensus estimate of $8.23 billion. During the same period in the previous year, the company posted $1.18 EPS. ONEOK has set its FY 2025 guidance at 4.970-5.770 EPS. On average, analysts predict that ONEOK, Inc. will post 5.07 EPS for the current year.

ONEOK Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Monday, November 3rd were given a $1.03 dividend. The ex-dividend date of this dividend 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%.

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.